Buffet says usa will do fine under Trump....because of the "secret sauce"
- Thread starter S2007S
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Trump's projected policies or at least the stock rally that started after he was elected made Buffet a lot of money. It's hard to hate someone who is responsible for causing billions in increased personal net worth.
True, but 6 months ago he was raging all about Hillary and how she would be better for the country. And he endorsed her. She lost and now he wants to be Trump's new friend.
I don't doubt he is happy with his market returns from the last 10 weeks. But I don't trust people that crap on you and then want to be your best friend when you start sitting at the table for the popular crowd.
But, Buffett is a popular guy and an endorsement of Trump's policies by Buffett might be good for both of them.
Politics makes strange bedfellows. Stranger things happen all the time.
I haven't been posting on the site for a good year or so. I come back on to surf around, and HERE YOU CLOWN STILL ARE berating the Fed and politicians.
You've hit on the perfect description of Elite Trader.
If you don't like clowns, stay out of the circus.
Buffett is a great investor. He's really among the best at what he does. However, like a lot of smart people, you can't really be sure if he's being genuine or doing whatever is in his perceived best self-interest. I don't subscribe to a lot of his political views and I think he maybe possibly could have allowed himself to be used as a political pawn by Obama...possibly in exchange for blocking the Keystone Pipeline and forcing more oil to be transported by his trains. That's complete speculation / conspiracy theory, but you never know. But my bigger complaint against him is that he does things which make him look like a hypocrite. If he thinks rich people don't pay enough taxes, he's free to contribute beyond his legal obligation to the IRS...but he does not do what he claims people such as himself should do. And on several occasions, he has sued the IRS to ensure that he does not have to pay a cent more in taxes than he has to, most recently with NetJets:
https://dealbook.nytimes.com/2012/03/26/netjets-case-warren-buffett-and-taxes/?_r=0
I suspect that he's trying to argue for higher income tax in order to preserve a lower long-term capital gains and dividend rates for the sake of his business and investing style.
That's totally true, and he's really tied to the market, most of us can easily cash out in any moment. But for him it won't be so easy.
You aren't funny enough to be a part of this 'circus', so go where you came from.
Hypocritical behavior would be, for example, to say that "rich people don't pay enough taxes" and then if you are rich, and your taxes are raised a small amount, to complain about the higher taxes. If Buffet paid more than his share of taxes under the current tax code, he'd be behaving stupidly, not hypocritically.