thee olde bozo of omaha

[marketsurfer]

thee olde bozo of omaha is at it again, publishing economic nonsense. attached find an erudite response to his mentally challenged economic suggestions :

http://www.dailyspeculations.com/Letter/boudreax_buffett.html


best,

surfer

 

[TheCaracal]

Quote from marketsurfer:

thee olde bozo of omaha is at it again, publishing economic nonsense. attached find an erudite response to his mentally challenged economic suggestions :

http://www.dailyspeculations.com/Letter/boudreax_buffett.html


best,

surfer

I read that Fortune article, but fell asleep 1/2 way thru!

37 billion bucks on pure dumb luck!

Maybe we shouldn't try too understand "too" much!

Best,
David

 

[pspr]

Economists in academia always have complete understanding. That's why they are all so wealthy. Aren't they?

Quote from marketsurfer:

thee olde bozo of omaha is at it again, publishing economic nonsense. attached find an erudite response to his mentally challenged economic suggestions :

http://www.dailyspeculations.com/Letter/boudreax_buffett.html


best,

surfer

 

[Covertibility]

Quote from marketsurfer:

thee olde bozo of omaha is at it again, publishing economic nonsense. attached find an erudite response to his mentally challenged economic suggestions :

http://www.dailyspeculations.com/Letter/boudreax_buffett.html


best,

surfer

until an economist can accurately predict anything, my money is on Buffet

 

[spyderman]

LOL...this is a comment from the brilliant economist:


" Like Ross Perot, George Soros, and countless other business people, Warren Buffett is proof positive that someone skilled at creating wealth does not necessarily understand the economic system that makes wealth creation possible."

Spoken like a real teacher who probably will never make over $100k a year to the countless billionaires who know nothing!

 

[misctrader]

Quote from marketsurfer:

thee olde bozo of omaha is at it again, publishing economic nonsense. attached find an erudite response to his mentally challenged economic suggestions :

http://www.dailyspeculations.com/Letter/boudreax_buffett.html


best,

surfer

I wished I was that olde bozo of omaha worth about $30B or so. That would be nice!

Most academics don't know jack about money. I read that article. The writer who is some economics department at GMU who probably makes at most $150K/yr.

But we are not doing a pissing contest here. You can still argue academic points without comparing bank balances.

But I still think Buffett has a point though.. Continued deficit can't be good long term for this country...

 

[jem]

That econ depart has been home to some noble prize winners or winner. They were extensions form the chicago school of economics. He might know what he is talking about. I know they were very towards markets and making money in the real world and sort of anti emh theory when I use to follow that kind of stuff in the 80s and early 90s.

 

[TheCaracal]

Quote from jem:

That econ depart has been home to some noble prize winners or winner. They were extensions form the chicago school of economics. He might know what he is talking about. I know they were very towards markets and making money in the real world and sort of anti emh theory when I use to follow that kind of stuff in the 80s and early 90s.

I still wish Buffet was my Dad; and not the economist.....

Life would be much better with an ignorant rube of a Dad with 37, billion, than some smart ass "refuter" economist!

GN all
David

 

[jem]

true and do not forget you would get to hang out with your dads cousin Jimmy Buffet during the holidays.

 

[def]

The professor says Buffet is clueless stating: "But America s capital-account is in surplus meaning that foreigners who earn dollars selling things to Americans invest a good deal of these dollars in American assets."

I think Mr. Buffet is right on this one. Ever think about what happens when those investments in American assets start shifting towards other foreign markets. Given the current weakness in the dollar and low interest rate environment, if you were the treasurer of a multi-national or finance minister managing a large account surplus, would you be keeping the majority of your assets in USD denominated securities?