How Warren Buffett Destroyed America
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- Опубліковано 1 жов 2024
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I will say, Buffet disowned his granddaughter and claimed she's adopted because she was interviewed for a documentary (she only said nice things about him.) I will agree, he endorses foods that would kill people at a young age if they ate them too often. I don't eat anything he promotes.
If ya ever thought billionaires are gud guys , think again 😂
@@mna7308Insider Trading is the best invention of hedge fund managers. This is exactly why we love Warren Buffett. He is our Savior.
@@BillionairebenWarren Buffett is definitely an Angel and the savior of all investors
He showed you guys drinking coke and eating Mc donalds on purpose 🤡 😂😂
Imagine living in 2024 and believing the bill and Melinda gate’s foundation is good for humanity.
💯💯💯💯💯💯
True!
Its called a foundation so it must be good
You are a sick puppy if you really believe the nonsense that fighting poverty and increasing educational opportunities is a bad thing.
@@EMMmaximino read a book or a scholarly, peer reviewed article on something. Stop listening to Q. Anon cultists!
“Hes not leaving his kids any money, hes donating to charity!”
He kids own the charities and he is donating it to them to keep the money in tax havens. They dont own the money but have complete control over it
Can't hate the player
"Own Nothing, Control Everything."
It's been the real model followed by the wealthy for generations.
Ur telling me u wouldn't do the same? Are u mad at the man for being smart?
Where’s ur proof buddy
His kids do not “own” charities. The charity that he is leaving the money to is Bill and Melinda Gates’ foundation and FYI, Bill and Melinda Gates are not his kids.
Poorly executed arguments, felt really forceful. Comparing drug price vs Candy or coke price. One is a necessity item, super regulated. people can live without candy and coke. and if you raise the price, nobody is forcing you to buy candy from that Brand, you have other options. For that particular drug case, you don't have any option.
lol except all the sugar and caffeine make them extremely addictive
@@TheCantoneseInvestornot to the point of drugs. Use common sense
@its9333 yes they are...
Caffeine is a drug. Sugar is as addictive as drugs. Brand loyalty is really a thing. We often have choices among drugs. Generic drugs are a thing.
"He gets involved with the worst companies", by the guy who used to work with Jordan freaking Belford. The audacity of these guys lmao.
I'm honestly not sure if they even understood what Buffett meant by "cigarette butt" companies. Pretty sure finding value and conduct proper due diligence is what gave him success. For example, Goldman sachs bought CDS in 2007 (they're like insurance contracts in case those mortgage bonds goes bust), so they are more likely to survive the Financial Crisis, that created an opportunity for buffett
takes one to know one
@@smirnoff3841Right, the whole can't shit a shitter thing.
Hypocrisy is the vaseline of politcal intercourse. Accuse your enemy of what you do yourself.
On the other hand, maybe he just worked with those people in order to get insider information and then later on expose them. Like a Trojan horse. We may never know their true intentions.
They’re right about a lot of stuff, and in others they’re total idiots.
This is my problem with hustle culture. How many stories do we need to hear about to understand that the people we are supposed to revere are monsters?
That has nothing to do with hustle culture. You're connecting two things that don't always go together. There's nothing wrong with having aspirations and wanting something beside the pushed traditional path. The problem is when people care more about succeeding than about morals, and their aspirations become selfish and are done for purely selfish gain, instead of acquiring wealth honestly (it's rare, but it does happen) and donating/sharing your wealth. You're right, some people shouldn't be revered. But, wanting to be successful doesn't mean that you automatically revere these people; you can strive to be successful for your own reasons without admiring these people.
Try comparing them to politicians (especially those in anti capitalist authoritarian governments), then they look like saints by comparison. You can find fault with anyone and any system.
Equating Warren Buffett to hustle culture is moronic.
I watch your videos pretty often. This video is such a reach.
You expanded on conjecture multiple times to lead your narrative.
For example,
Trading on your personal account based on your own T/A, then having your company do the same is not insider trading in any way shape or form.
You clown 🤡 🫵
I completely lost my respect for Warren Buffett when I saw him pretend to drink Coca-Cola and eat at McDonald's on a daily basis. I knew right then and there that he is a straight-up liar and that everything he says or does is only for PR purposes.
No shit, you just realized that looking at him is enough to realize what kind of shit he is, not because of the food and drinks commercials, we still have to eat and drink something but the inside trading is the problem, and that immense accumulation wealth, with which you could buy influence over let's say people in the law enforcement department
Lmao, you say that like you’re never lied
Not sure I follow you, your logic escapes me@@jonjone661
not on a daily basis but he has to be a frequent mcdonalds consumer. that stuff can be addictive
@@little_finger McDonalds is actually pretty nasty, Never found it addictive. I really doubt he eats that hideous stuff. Id take Thai any day if I could
terrible arguments, the bias is insane. Say what you want but Buffet started from nothing.
Candy and pills are not comparable 🤣
You sure ?
Martin shkreli is the most hated person because he manipulated the medicine which is essential to life. Sees candy can be ignored. Thats the difference between luxury and essentials.
Martin Shkreli Went To Jail Cause He Was To Egotistical And Was His Own Boss... 'The Plutocratic Class Prefer Team Players" Ask Yourself This 🤔 Why Was Martin Jailed While Crime Against Humanity Doctor Of Doom Fauci Is Free And Media Still Coddles Him? Martin Was A Sacrificial Lamb So Us Little People Would Nievely Believe We Have Rule Of Law
I'd start by learning the definition of insider trading.
Exactly
Really don't take much research to tell the rich always get 1st dibs over the public regardless
I don't get it. Are you against what he said?
@@Dave_of_Mordor Imagine defending the indefensible…
@@kovy689 seriously...
“Donating” to his kids foundations haha …so a tax free inheritance you mean???
I mean is it buffets fault that people smoke and drink coke or is he just making money off what people want?
Hmm, maybe I should invest in private prisons. After all it is not my fault people go to jail.
Now replace buffet with jake - perfect game bro. I salute you.
👍
Absolutely 👍!
Yeah. Negatively talking about people who make a living from other people's work but then recommending investment gurus. 😂 Exactly my kind of humor.
@@laaaliiiluuu I was going to say the same lmao, thanks
This jake is not any smarter, what a far fetch video about warren
Everyone should invest in yourself and don't follow the crowd
Everyone I know is doing this. So I can't follow them?
This documentary has increased my respect for Warren Buffett significantly. 💯
Me, too. The whole point of this video was to make you think that Warren Buffet is a crook. One of the best biographies that I’ve read is The Snowball.
Investment is a crooked business. You literally create no value for society but just make money at the expense of other people's actual work.
@@davewestfall1325 dont believe everything this dude says. do your own research. not saying it's true but his videos are highly sensationalized and will bend the truth to prioritize views over facts.
@@Jaykmane
My point, exactly.
@@davewestfall1325no this video exposes buffett for being a narcissistic man who would do anything to make more money than he already has
Sorry...but, I don't find anything wrong here, except maybe the insider trading incidents. I actually wanted to see something truly negative about him.
Wanting to maintain a good public image is not a crime. Investing in cigarette companies or CocaCola is not a crime. I know they are harmful to society overall, but it is the government's job to limit their usage somehow (through taxes or regulation). If some profitable business is legal, a smart investor would invest in it.
Looking for pricing power is not a crime. Pricing power just indicates the superiority of the product. There is nothing wrong with increasing candy prices. You can price candies as high as you want (basically until people are willing to buy them). With pharmaceuticals though, it is not right, as they are essentials - but again, it is the job of the government to control prices/make drugs accessible to everyone.
And most importantly, none of these investments is private; he has openly discussed them publicly multiple times.
The insider trades though are wrong imo, if they really happened. You should have talked more about them - If they truly happened and clearly proved, what happened with the investigations? What was the size of these trades? Honestly, I don't see an incentive for him to buy these shares with personal money before/after Berkshire has bought them, considering most of his money is in Berkshire itself.
I was expecting something actually bad about him, unfortunately there is nothing here...
You gotta have an edge to be successful I don’t care what anyone says yes banking and habits of people will pay well.
You have any idea what he’s done to our country? Not to mention his own people?? Dude literally helped round up Jewish people during the holocaust….
Warren Buffett is pretty famous for his "value investing" strategy, so i wasnt even surprised that he bought cigarette bonds or Coca Cola when they were still new...
I wanted to approach the video in good faith, but bro is really cooking nothing
@@obeyabe8613I know right lol. Buffet is just a fckin genius simple as that the man has dedication in stocks like no other ever to have lived and he is still at it even now. He loves it and has never made bad financial choices ever in his life, this guy was rich in his twenties without any insider trading nonsense claims lol. The only fact is he was a middle class kid who had wealthy surrounding and that springboarded his success. Apart from that, after all this time this guy would have been caught out and the fact is nobody has anything on buffet
Early life every single time
Are you donating 99% of your wealth after your death Jake?
He will donate to his charity😆
Nah he's stealing all of his stupid subscribers money and taking it with him to the grave
This is too much of a stretch. You have reached too hard with this one. And this kid talking used to work with Jordan Belfort..lol... 😂😂😂😂😂😂
Market capitalization of Berkshire Hathaway (BRK-B)
Market cap: $862.85 Billion
As of February 2024 Berkshire Hathaway has a market cap of $862.85 Billion. This makes Berkshire Hathaway the world's 8th most valuable company
thanks for commenting what the video said at the beginning, fuckhead
Berkshire paid 5 billion fo tax
Investing into these major businesses when they’re at their lowest is smart.
He knew they were going to go up beforehand because he is a part of that circle
it’s 50/50 it’s only smart because he’s warren buffet and if people see him investing then they will invest, it’s not smart to invest in a sinking ship unless you have the influence to unsink that ship.
you can't compare Warren Buffet's price increase on chocolate with the price increase on medicine. Medicines are something some people need to keep themselves alive, no one dies if the price of chocolate goes up.
Yeah, I thought this guy was smart until I saw this comparison LMAO
1st the comparison of sees candy to a life saving drug price is absurd.
2nd billionaires don’t buy mansion in LA and leave them empty “for whatever reason” they typically have multiple mansions so they aren’t always at the same one AND more importantly mansions in LA are assets that go up in value!
Rent the mansions out for "Rap" videos and other pretend shit....(UN)reality TV, etc. It's like a component of a conglomerate of hate and spiritual oppression run by fakes. Like a boot repeatedly stamping on the face of humanity.
Yeah this vid is just a tad bit disingenuous
@@jasontodd5356haha "a tad bit "
Kraft Heinz is the biggest marketer of processed foods in the US. Processed foods is, by far, the greatest cause of premature death in the United States.
Exactly
America has a fake "food" problem. It's not properly regulated.
And skinny fat bods 🤮
Avoid NO VA 4 Ultra Processed Fuuds!
It's crazy how people believe he actually drinks that stuff (coke)😅
in minute 21:00 i think that there is a very big difference between candies and vital for survival medical products
This video is way off the mark.
Explain to a idiot like me
Elaborate
Your hero’s are not really heroes
Meat riding the wealthy?😂😂😂😂
I disagree with you Jake. Buffett is not a perfect human being and as human being we sin and make mistakes. My proposal is that Buffet has taught a lot of good which I use in my investment and worked. Now I don't think Buffet is teaching to invest in monopoly companies, MOAT company is a company that people decides to choose and favourites it over any other business of its competitors, it is not a monopoly if people chooses the company over its competitors. You can say Google is a monopoly as their efforts to ensures people uses Google as search engines over other search engines but buffet didn't own Google. I agree Buffet's insider trading is not good but you can't say he destroy America and he is an evil person for his investment decision. Furthermore Buffett shares a knowledge to a world that actually expands the grid to new highs when people needs a long term investments they know what company to invest with because of Buffett that allows many retire fund industries all around the world not only America to invest in the MOAT companies that allow average people to grow their retirement funds. Without Buffett's understanding and knowledge many all around the world would not have create a strong compounding retirement funds. Not only that trade around the world would not have a difficult time becoming richer and more prosperous if it is not for Buffett. So yes Buffett is not perfect but the damage of evil hasn't justify to amount as you claim in your video.
That was a complete waste of 28 minutes
Agreed
yeah i stopped halfway through. 10 minutes in and the most evil thing he did so far was invest in coca cola 🤦♂️
This just goes to show, that virtue signalers are always without fail horrible people.
What about you Jake?
I couldn’t be prouder of Jake Tran if I had given birth to him. Keep the videos coming…
I applaud your effort to make people stupider by watching your video on Buffett. Well done.
Takes 20 years to make a reputation and 28:48 to expose it
his supposed inside trading was like 0,000001% of his wealth. this video is ridiculous.
@@ricardodelacrvz1400Imagine defending the indefensible…
Honestly, this doesn't sound like it would be illegal. Long term investments, at least, shouldn't be as subject to quick gains from pumping the market a little.
@@ricardodelacrvz1400Or this known insider trading is merely what got public. Who knows what happens behind the façades?
@@kovy689 This video IS ridiculous. And WB is also just a "normal" billionaire. No surprise. This defends nothing.
This video is so inconsistent it hurts😭
I refreshed my UA-cam at the right time. I’m glad that the algorithm is putting you on my page again you were giving too much knowledge out.
It can also be you subscribed to him and when he uploads it shows in your feed lol
@@ayamurayama3961 no, they're saying his videos were being suppressed by the algorithm because of how much TRUTH is here at this channel.
Jake Tran is an angry bitter charlatan. This is probably his “revenge” against Buffett for Buffett’s disdain for NFTs and crypto.
The rich make money. The poor make noise
Sure
You are making noise, like us😂
i stopped using Geico when they kept increasing my Insurance cost every 6 months. They definitely follow ruthless business tactics
Nasty company. Reader auto insurance policy very carefully and you'll learn that it has every reason not to pay out.
Warren Buffett can't take it with him. The clock is ticking
You think they do it to take their wealth to the grave? That’s the most naive thing I’ve heard.
@makabongwengcobo6792 you should actually try reading next time.
Pyramid Structure of Society would be maintained if all of it inherent by blood relatives or even outsider.
They're leaving it to their young clones who are in school in Geneva right now learning how to rule the world
@@makabongwengcobo6792 what is their motivation then?
I recently went to a business seminar and the speaker asked me if I aspire to be like Warren Buffett someday and I reply no. I instead took inspiration from a more ethical businessmen in the form of George Westinghouse. To my surprise only a selected few business owners and investors have heard the name of that guy before. I continue by saying Buffett has caused a lot of pain and sorrow to a s**t ton of people. Obviously, the majority of people in the seminar burst out laughs so I just take a seat and watch the speaker continue talking and ask others questions.
❤💯❤ you would like Craig wright aka satosi nakamoto. Bring sued by Google because his invention BSV the real bitcoin before it was hacked, gives data ownership and control to the People.
Your a clown and will amount to nothing 🤡
And Westinghouse wasn't exactly the same??? This could be one of the most misguided responses I have ever read?! You should dig a little bit deeper in future decisions 🤣
Most people go through life not seeking the truth, hence behaving like NPCs
@@phoneixinvestor Westinghouse never had to experience a worker strike, despite being in the "robber baron" age when worker strikes were common mainly because Westinghouse paid his workers higher, made their work week shorter, provided them disability insurance if they get hurt, and many other benefits which was some of the first implemented. Westinghouse operated at a different level than other business leaders. Workers also didn't have to threaten him to gain those benefits unlike other CEO's of his era and our current era.
Owning a big stake in KO is an “evil act”?
Pricing power is evil?
This video is garbage.
Probably contributing to the obesity epidemic? If a bottle of water costs the same as a bottle of coke I would buy the coke.
@@tonii5690he is just a good granpa which wants to make your life sweeter😂
@@mfmf100you are dumb to believe a rich granpa which doesn't even know your existence.
“Behind every great fortune there is a crime” Balzac
Peter Lynch is the real top dog. Class and integrity.
😂😂😂😂😂😂😂😂😂
What he did worked at the time. He wouldn't get the same results now because of the internet now. He stopped in his forties to be with his children (lovable) but he might have known he lost his edge. I am still convinced you can get good returns following his strategy nowadays.
Give me a break.
If you're looking for 'heroes' in the world of finance you're going to be disappointed a lot.
You are reaching Jake, Warrren is a legend this shows no matter what you do u can’t win
Watch Finiüs’ documentary on him😂😂
Jake is running out of ideas lol
Buffet may not have blood on his hands, but he bankrolled the people that do
Jake is definitely reaching. Destroying society, really?
Warren Buffet has invested in thousands of companies over his career, so I imagine there might be a few that turned bad. I wouldn't say the few that were selected are the norm of his investments.
I wasted 8 mins watching this bad video. Don’t do the same mistake
Fascinating story. I never realised building a brand for a soda trough marketing and charging 50 ct per can extra is the same as letting people die by making a medacine unavailable trough price increases. What great insights, real eye opener. Great video, very objective 😂
Imagine jake never outsourced his videos :(
Arvid Ali talking about "pricing power" like its the most evil thing in the world 😂 i would not want that guy managing my investments
I wish I didn't have morals and ethics to do this to other people
U didn’t even want to spit it out right 😂
But they love it
Based off of your vocabulary i'm sure you even could if you wanted to.
Turn to Jesus Christ, everything this world offers will end.
I said it on the Finiuas documentary on Warren & I’ll say it here, watching Billions will desensitise you to such. The man is a shark.
Obliterator of the American middle class
Nope. That would be inflation, or the expansion of the monetary supply by ending the gold standard and the printing of endless fiat currency by central banks.
How 💀
@@kevin_tchen And yet he is contributing to it....
@@gaozhi2007 👍🏽
that was regaen
Precision Just In Time Schedule Railroading,
Maintenance avoided is money saved.
The Supremacy of Fiduciary Duty.
Wages are a theft from the shareholder.
And here we are.
Hmm. Who has the monopoly position on Narcan?
Watched his documentary yesterday for project and they named him ' Oracle of Omaha ' going to share it to my teacher....
Make a presentation with all these facts that will make you look really smart
Rather a douche
Every class needs a clown.
@@SoilentGr33n You mean yourself?
🤣🤣🤣@@ashmitpahal
this video is recklessly bad, probably hit your reputation worse than Buffett.
Have you considered that maybe there isn't a conspiracy behind every single thing?
OMG this is how investors work anyway. This video is really stupid and is waiting to be sued.
Such an ignorant video. "Insider trading" equates to less than 0.01% of his entire net worth. Thats worst case scenario. Not exactly the crime of the century is it?
Ask him what his his job was during the Holocaust and how much he enjoyed it.
That’s where money pickle comes in, the real good guys , promise
No one gets rich by been a nice guy. My Dad told me that when I was 10, while waiting for the sheriff to show up to remove bad tenants. Good times, good times.
Not even about getting rich, sometime you need to be an asshole, or people really will keep taking advantage of your kindness
BIG FAN FROM JAMAICA 🇯🇲 I LOVE YOUR WORK AND CONTENT KEEP IT UP
How is it at yard atm?
This was probably the worst video by this channel. Nothing they were saying was cohesive and made sense. Obviously, he wants to make money and in order to do that you need to be likable that doesn’t make him a bad person. I loved how they briefly glossed over the fact that he committed to training three times without going into any details about alleged accusations
So he's like palpatine from star wars, and he keeps getting away with it !
This is straight up hating to the highest degree. What about all the good things he does?
That’s crazy
It’s insider trading if you receive insider information.
If you run the company and have a large voting block…. You sort of are the insider information and can’t really disclose it to yourself in bad faith…sort of like saying you ripped off your own song, like maybe depending on the legal structure behind it but can you really rip off your own song? Not really…..
there are no good billionaires.
Ok so candies and pharmaceuticals are same thing…😂
For someone who does a lot of great videos... this one is garbage lol
do Citadel please!
This has to be your most misinformed video yet. Buffett helped resolve the Solomon Brothers scandal, he drinks 6 Cokes a day himself, and being a passive investor in Moody's doesn't make him responsible for their actions. As far as the insider trading goes, we're really talking about two transactions- one for $20M of Wells Fargo and one for $35M of Johnson & Johnson. Do you know how small that is when your net worth is $40-$50 billion at the time those trades happened? It's simply bad timing and an uncharitable view of an individual so wealthy and a company so large. The majority of Buffett's net worth is aligned with Berkshire shareholders. Buffett is the most ethical businessman of prominence.
Bro thinks Buffet drink 6 cokes a day 😂
I can't think of anything more pathetic than a pleb defending a mega-billionaire
@@endrikrashibro thinks $55M is a small transaction.
You're 100% correct, also that transaction is not insider trading, he used his own Technical Analysis for the personal trade then followed it with the company. That's called trading, Jake missed the Mark like crazy here. I'm questioning his other videos now, I've watched dozens.
Oy vey!!
Even though this document is eye opening, you cannot deny the genuine investment advice of Warren Bufett.
Yes you can he's an utterly contemptible cretinous capitalist wankbag
That’s what I’m saying, Berkshires returns are still incredible and his investing advice still makes sense
it's not butt-opening tho sadly since how many ppl got butt hurt over this junk lmao
It’s refreshing to see someone other than congress members insider trading lol
So wrong in so many points. MOAT DOES NOT mean monopoly. Ask those Financial Advisors you're sponsoring buddy. I repeat MOAT does not mean Monopoly in any way shape or form, whatsoever. MOAT is a competitive advantage and is essentially any factor that allows a company to provide a good or service that is similar to those offered by its competitors and, at the same time, outperform those competitors in profits.
The premise here is that Warren Buffett doesn't deserve his reputation as a great (greatest) investor because he really makes his money from front-running Berkshire Hathaway purchases.
Please consider this. Warren Buffett's reputation as a great investor is based on the performance of Berkshire Hathaway over many decades, not on his personal portfolio. When his net worth is listed, it is nearly all based on his Berkshire Hathaway stocks.
This video is really mind-numbingly stupid.
I *still* like warren buffet 😂
It's about connections.
This seems like a troll video, most of the arguments in this video are either misinformed or illogical.
he made it... quit crying... he figured it out... greed brings money... be greedy... be very greedy... its you against the world..
Terms like addiction are overused, I’ve had coke many times. I’ve never been addicted, I’m sure that a heavy majority of the world. Saying that bc Warren Buffett owns shares of a company he’s morally responsible for everything they’ve done is ridiculous. I’m all for documentaries and learning more but, this is just rich bashing for the sake of it.
Edit: Ridiculous, just about every company is fucking sketchy. Meta, Alphabet, Apple, every financial institution, every oil company, can go on for days.
I dont know if this perception is accurate, although the psychological and social perspectives are thought-provoking.
warren buffet is an amazing human being and his money is doing an amazing good for the world through multiple foundations
Please tell us more. Which charities are doing the best work?
@@sultanofswing7198you’re one quick google search away from answering your question
If they weren’t greedy and ruthless they wouldn’t end up with such a huge empire now would they…
You are so clueless it’s not even funny. The guy is pure evil.
@@robbyrdog you're way worse trust me
why not to buy a company that generates money even if it's not morally good (coke, cigarettes, wells fargo (or any bank lol))?
shouldn't we invest anywhere?
Jake Tran - trying to make a name for yourself by throwing dirt at one of the highly respected investors of all time. We live in a sick world, and people like you are manipulating the public with such sick videos. If anyone is interested in knowing about Warren Buffett, then, grab one of his biographies. Many authors have written about Warren Buffett, all write in glowing terms.
I find it very comforting that no matter how much money he still makes and has he does not have much time left and will soon kick the bucket like his friend charlie munger. This billionaires would like to live forever but they all will vanish into dust.
sadly late...
Why wait till you die to donate your money, why not donate it while still alive like Rockefeller and Carnegie. He claims to live modestly so giving nearly all his money shouldn't affect his lifestyle.
"My three children are the executors of my current will as well as the named trustees of the charitable trust that will receive 99%-plus of my wealth pursuant to the provisions of the will," Warren Buffett said in the letter.
He eats more at Mcdonalds, so he'll live longer. I don't know how many cola's he drinks though.
Still doesn't change my feelings about Warren. Only Jake has the power to vilify someone, eh, who's his next victim eh hint, it rhymes with Melon Tusk...
😂😂😂😂 nobody figure out o Elizabeth fake mojo she literally got away it how do u think she got into CvS and Walgreen 😂😂😂 she got cracked because her tech was trash like literally didnt work 😂😂😂😂 come jake long time watcher but this already starting off with bs
My god I thought you learnt your lesson on doing economic videos when you said you were selling everything and waiting for a big crash (this was pre inflation when people said you forgot inflation in your calculation). Now you used so many terms you don't know again in the first minute alone, terrible what you've done to your reputation....
I'm not sure about Warren Buffet himself as a person, but I don't think his advices are evil per se. They are advises about investing, not about ethics, of course there will be circumstances when doing those things would be immoral, but people should be able to use their own judgment when the time comes instead of just doing what it's more profitable always.
For example: a moat is not necessarily a monopoly, it can be just be brand loyalty(...and also, owning a stock of a monopoly is not the same as promoting the monopoly yourself, because owning the stock doesn't help the underlying company, it just makes the company to have contractual obligations to you instead of someone else), pricing power it's not the same as price gouging (it's more a defensive mechanism in case of being hit by inflation), and morally speaking is very different to increase the prices of luxury candies rather than meds (it's the same principle from the business perspective, it just works, but the one taking the decision should use their own judgment and consider all the aspect of that choice not just the business aspect).
Pretty stupid doc to be honest. Yea, the dude made so much smart moves and money that he now deals in a whole different league. Guess there are always haters as theybsay, no mather what or how you are doing it. Also you forgot to mention that lehman also asked buffet for money, but he disnt give it because of lehmans trading habits.... this doc sucks and tries to paint a bad picture of a man who deals with bad people and greedy investment banks... boohoo
I don't get this!
Is he a businessman or is he a priest?
He has always bought businesses that were stressed. He does not make moral judgements about thier business. The people running the business do that. All he is interested in is if he can increase value. If he is doing something wrong then you need to go after every shop owner who sells anything with sugar in it like coke etc or every car owner like yourself that emits CO2.
All of this is rediculous.
This video has a fundamental misunderstanding of what insider trading is. Not to mention, he makes these trades personally as well as through berkshire. He makes the trade and then sends the info of the trade, which is his legal obligation. What is your expectation, he tells the public before he makes a trade, this video is full of ignorance
Wait a minute does buffet has a mls business I have been to many investor conferences and they all claim they are buffet’s students hmm I was really biased toward Arvid Ali due to his attack on Cathy but the more you listen to him and put 2 n 2 together it’s really makes sense hmm the world is rigged.
I think that the pricing power aka price gouging advice isn't bad, it is just a good business move, it's a part of how the game is played. But the ethics really come in, once you apply it to the industries, that arguably should not be private and subject to the market forces in the first place (pharmaceuticals).
This is accusation not a legal findings and you are violating "innocent until proven guilty"
problem is if warren buffet is found innocent, you will easily delete the video and run away
All business people are thinking about their reputation. All businesses are trying to create a moat. Nothing controversial here.
Everyone has a mask - a public mask which is a chameleon that changes depending where and who you are with, a private mask and a secret mask.
this was just a miss lol... you seem so clueless and working with the jordan belfort guy is giving you less credibility. I used to love ur content but its getting harder to continue man