The Bern Identity
- Thread starter nitro
- Start date
Warren Buffett: Here's how Wall Street really makes its money
Warren Buffett said Saturday that Wall Street's real source of wealth is not based on its strong investment acumen, but on something else.
"[There's] far more money made through salesmanship abilities rather than investment abilities," Buffett, Berkshire Hathaway's chairman and CEO, said at the company's annual shareholders meeting.
Buffett added many hedge fund managers are paid "just to breathe" based on a flawed compensation scheme. He also said high-paid consultants always recommend something other than doing nothing, and benefit from long-term growth of US business.
In turn, Buffett recommended that investors take a more passive approach to investing, noting his long-term bet against Protoge Partners still shows this approach works much better than active management.
Oracle of Omaha: Buffett on Trump, Coke, and why you can't trust Wall Street
It seems so "elementary" but rich, sophisticated people continue to think they can hire people to do better than the market, Buffett also said.
http://www.cnbc.com/2016/04/30/warren-buffett-heres-how-wall-street-really-makes-its-money.html
Warren Buffett said Saturday that Wall Street's real source of wealth is not based on its strong investment acumen, but on something else.
"[There's] far more money made through salesmanship abilities rather than investment abilities," Buffett, Berkshire Hathaway's chairman and CEO, said at the company's annual shareholders meeting.
Buffett added many hedge fund managers are paid "just to breathe" based on a flawed compensation scheme. He also said high-paid consultants always recommend something other than doing nothing, and benefit from long-term growth of US business.
In turn, Buffett recommended that investors take a more passive approach to investing, noting his long-term bet against Protoge Partners still shows this approach works much better than active management.
Oracle of Omaha: Buffett on Trump, Coke, and why you can't trust Wall Street
It seems so "elementary" but rich, sophisticated people continue to think they can hire people to do better than the market, Buffett also said.
http://www.cnbc.com/2016/04/30/warren-buffett-heres-how-wall-street-really-makes-its-money.html
I guess Nitro is not helping him out anymore...
Bernie Sanders’s Fund-Raising Plunges Amid Campaign Woes
Senator Bernie Sanders of Vermont raised just $25.8 million for his campaign in April, down by more than 40 percent from the previous month, as he faces an increasingly narrow path in the race for the Democratic nomination for president.
http://www.nytimes.com/politics/fir...erss-fund-raising-plunges-amid-campaign-woes/
(more at above url)
Bernie Sanders’s Fund-Raising Plunges Amid Campaign Woes
Senator Bernie Sanders of Vermont raised just $25.8 million for his campaign in April, down by more than 40 percent from the previous month, as he faces an increasingly narrow path in the race for the Democratic nomination for president.
http://www.nytimes.com/politics/fir...erss-fund-raising-plunges-amid-campaign-woes/
(more at above url)
The Bern has plenty of money to fight on to the convention. I don't like this SuperDelegates rule where you can overrule the people's will. At least, on average, the SuperDelegate vote should go as the state voted. However, if the Bern is able to pull it off, it will be one for the ages.
The Republicans are trying the same thing against Trump on that side.
!!!!!!!The Bern!!!!!!
Yeah, he's burnt out. LOL!
Clinton compartmentalizes minority oppression. She has no problem defending women against all the wrongs, but she has shown over and over again not to give a shit about people of color. If you want justice, you have to fight injustice anywhere you see it and exorcise your own prejudices.
Of course, Trump is an opportunist here, since he has insulted nearly every "tribe" in existence.
Trump hits Clinton for 'off the reservation' remark
Native News Online columnist Mark Charles said Clinton’s “off the reservation” comment “demonstrates she does not understand the systemic racism and blatant oppression that has been endured by people of color throughout the entire history of this nation.”
As Charles writes, Native Americans were herded onto reservations after the “Indian Removal Act” passed in 1830. “When natives are ‘on the reservation,’ it is implied that we are contained, isolated, and controlled,” he said. “When we go ‘off the reservation,’ chaos ensues. We have gone rogue, act unpredictably and are causing trouble.”
Trump on Monday suggested that the remarks also were unfair to men and said he and Clinton are treated differently by the media on such things...
“If I made that statement about women, then there’d be front page headlines,” he said. “I think it’s a very nasty statement to men and if I made that statement it would be a big, big story.”
http://www.msn.com/en-us/news/polit...-the-reservation-remark/ar-BBswLk8?li=BBnb7Kz
Of course, Trump is an opportunist here, since he has insulted nearly every "tribe" in existence.
Trump hits Clinton for 'off the reservation' remark
Native News Online columnist Mark Charles said Clinton’s “off the reservation” comment “demonstrates she does not understand the systemic racism and blatant oppression that has been endured by people of color throughout the entire history of this nation.”
As Charles writes, Native Americans were herded onto reservations after the “Indian Removal Act” passed in 1830. “When natives are ‘on the reservation,’ it is implied that we are contained, isolated, and controlled,” he said. “When we go ‘off the reservation,’ chaos ensues. We have gone rogue, act unpredictably and are causing trouble.”
Trump on Monday suggested that the remarks also were unfair to men and said he and Clinton are treated differently by the media on such things...
“If I made that statement about women, then there’d be front page headlines,” he said. “I think it’s a very nasty statement to men and if I made that statement it would be a big, big story.”
http://www.msn.com/en-us/news/polit...-the-reservation-remark/ar-BBswLk8?li=BBnb7Kz
Looks close. He may get it.
Go Bernie.