BuffettNews.com

fins4yogi wrote:Now he wants us to believe that Bill and Melinda will spend his money wiser?

IMO, I really don't think that Mr. Buffett cares what we believe. He's doing what he wants and thinks best for his money.

SMLCHNG wrote:

fins4yogi wrote:Now he wants us to believe that Bill and Melinda will spend his money wiser?

IMO, I really don't think that Mr. Buffett cares what we believe. He's doing what he wants and thinks best for his money.

That is fine, but to be able to question his judgement is human. He is fallible!

How do you know he has not lost his mind?

You don't!
So I can make a judgement as a follower that he is acting IRRESPONSIBLY! That is all! He is deviating from his own advice/investment startegy. WHY???????????? It makes no sense!

fins4yogi wrote:That is fine, but to be able to question his judgement is human. He is fallible!
How do you know he has not lost his mind?
You don't!
So I can make a judgement as a follower that he is acting IRRESPONSIBLY! That is all! He is deviating from his own advice/investment startegy. WHY???????????? It makes no sense!

Sure, it's human. Didn't say anyone couldn't question him.
How do you know he has lost his mind? You don't!
You follow everything Warren Buffett does?
Why? I have no idea. Maybe he just WANTS to, cause he's getting older, and thinks he's made plenty of money.


Do you have people in the country question how you spend your money?

Thank you, Des.

SMLCHNG wrote:

fins4yogi wrote:That is fine, but to be able to question his judgement is human. He is fallible!
How do you know he has not lost his mind?
You don't!
So I can make a judgement as a follower that he is acting IRRESPONSIBLY! That is all! He is deviating from his own advice/investment startegy. WHY???????????? It makes no sense!

Sure, it's human. Didn't say anyone couldn't question him.
How do you know he has lost his mind? You don't!
You follow everything Warren Buffett does?
Why? I have no idea. Maybe he just WANTS to, cause he's getting older, and thinks he's made plenty of money.


Do you have people in the country question how you spend your money?

Nope. But I do not sell myself for interviews, submit myself to newspapers for advice (he charges), charge for lectures, and pronounce myself as an investment GOD as he does. While he is humble most of the time, he is not all of the time. If he says jump off a bridge... I won't. If he says Gold is a bad investment...I take a look!

but do not ask me to follow (and OBVIUSLY I choose what to heed) and then contradict himself. He is a Flip Flopper.

Sorry FFG. Not intentional!

THAT is my point. Nothng else.

SMLCHNG wrote:Thank you, Des.

Couldn't leave you in there with those two ruffians all alone, could I?

I understand seeing this as a big departure from The Gospel According to
Warren, but I'm sure he feels playing the money making game isn't the only
thing he wants to do while he still has a chance. If entrusting his wealth to
someone he feels is capable of doing good with it is his choice, I say more
power to him! And it's not like he has given up "playing the game"... he has
just brought his wealth back down to "fighting weight". Now he can dive into
the challenge of re-earning it!
(I sure couldn't do it! I bombed at the "Run Your OWN Lemonade Stand" Game!)

Desdamona wrote:

SMLCHNG wrote:Thank you, Des.

Couldn't leave you in there with those two ruffians all alone, could I?

I understand seeing this as a big departure from The Gospel According to
Warren, but I'm sure he feels playing the money making game isn't the only
thing he wants to do while he still has a chance. If entrusting his wealth to
someone he feels is capable of doing good with it is his choice, I say more
power to him! And it's not like he has given up "playing the game"... he has
just brought his wealth back down to "fighting weight". Now he can dive into
the challenge of re-earning it!
(I sure couldn't do it! I bombed at the "Run Your OWN Lemonade Stand" Game!)

But that is notwhat he is doing. He is waking away. Giving up.

Oh well, maybe I should jump with him!

fins4yogi wrote:But that is not what he is doing. He is waking away. Giving up.

I'm curious, seriously, Yogi. Why do you care what he does?






And again - thank you, Des.

By the way... the Sand Bar Shark and Dusty Shark are having major problems here in the Ches. Bay area. Maybe Warren can throw $500.00 or so that way.... helping out phellow phins!

SMLCHNG wrote:

fins4yogi wrote:But that is not what he is doing. He is waking away. Giving up.

I'm curious, seriously, Yogi. Why do you care what he does?






And again - thank you, Des.

That is a rhetorical question? I care because I care. If JB said listen to my music, buy my albums, attend my shows at 126.00 a piece, you choose to care or not. If he all of a sudden he changed his tune and said, go away, music is just a joke, do as I did, not as I do....you might have an OPINION! This board would crash with posts!

I would have an opinion too if Jimmy told me the same.
Cannot explain it more clearly.

He is flip flopping! My Opinion!

fins4yogi wrote:He is flip flopping! My Opinion!

Ok. We all have our own opinion. We feel strongly about. Nothing wrong with it. I just never had a strong opinion of what Warren Buffett does with his money.

Mr. Buffett is under no obligation to donate his money to same charities that I would support. What the hell does he know about money anyway?

fins4yogi wrote:HE USES MONEY TO MAKE MONEY!!!!! he is deviating from his investment strategy that has made him a genius.

I think that he manages BH as though all of the money is his and tries to maximize returns. I doubt that the BH investment philosophy will change as Buffett's ownership percentage decreases.

fins4yogi wrote:Now he wants us to believe that Bill and Melinda will spend his money wiser?

He trusts them to distribute the funds in a manner he would approve of.

Mr. Buffett has expressed that he doesn't feel comfortable making those decisons on a daily basis. Bill and Melinda Gates are comfortable making those decisions. Considering the age difference, it is very likely that Bill and/or Melinda Gates will be able to oversee the distribution of funds for a longer period tha Buffett would.

By having someone else handle the charitable distributions, Buffett will be able to devote his time, talents and energy to making more money for BH shareholders like Yogi.


... and if Warren, Bill or Melinda are reading this, theMarine Corps Scholarship Fund, Navy-Marine Corps Relief Society and Emergency Medical Services for Children could use a little help.

Desdamona wrote: Also, it is odd that there are guidelines to spend a certain amount per year,
and I'm not sure why those have been put into place, but my guess is so that
the guardians he has entrusted his wealth to will not outlive the money.

I know with foundations it is a (tax?) requirement to "give away/grant" 5% of the net worth (or income for that year?) each year............not sure if the $$ he has stipulated equal that 5% or not.

Elrod wrote:Mr. Buffett is under no obligation to donate his money to same charities that I would support. What the hell does he know about money anyway?

fins4yogi wrote:HE USES MONEY TO MAKE MONEY!!!!! he is deviating from his investment strategy that has made him a genius.

I think that he manages BH as though all of the money is his and tries to maximize returns. I doubt that the BH investment philosophy will change as Buffett's ownership percentage decreases.

fins4yogi wrote:Now he wants us to believe that Bill and Melinda will spend his money wiser?

He trusts them to distribute the funds in a manner he would approve of.

Mr. Buffett has expressed that he doesn't feel comfortable making those decisons on a daily basis. Bill and Melinda Gates are comfortable making those decisions. Considering the age difference, it is very likely that Bill and/or Melinda Gates will be able to oversee the distribution of funds for a longer period tha Buffett would.

By having someone else handle the charitable distributions, Buffett will be able to devote his time, talents and energy to making more money for BH shareholders like Yogi.


... and if Warren, Bill or Melinda are reading this, theMarine Corps Scholarship Fund, Navy-Marine Corps Relief Society and Emergency Medical Services for Children could use a little help.

Yes.......!!!!!! But that is not what he has preached, unless he delivers the goods as he has preached. If he continues to manage BH and other investments, advise as to such, and follow that advice...great, give it all away. But he is not doing that. He is saying, I want others to do the work now...not me. Not a Buffett move.

fins4yogi wrote:He is saying, I want others to do the work now...not me. Not a Buffett move.

SO???????? He's 76 years old. Maybe he wants to finally relax and enjoy his life.

Simple...

Warren Buffett can do whatever the hell he wants with his money, and doesn't owe an explanation to anyone except the IRS....



**edit** As I was typing this, word came across on TV news that a Marine from my Reserve Center was killed in Iraq......

Get a grip, people.... there are certainly more important to worry about than what Warren Buffett does with his money....

SMLCHNG wrote:

fins4yogi wrote:He is flip flopping! My Opinion!

Ok. We all have our own opinion. We feel strongly about. Nothing wrong with it. I just never had a strong opinion of what Warren Buffett does with his money.

I'll revert to this post. OPINION!

SchoolGirlHeart wrote:Simple...
Warren Buffett can do whatever the hell he wants with his money, and doesn't owe an explanation to anyone except the IRS....

Thank you, Jen.

Desdamona wrote:Sam, I'm not too sure about your objections...

Granted, the Bill & Melinda Gates Foundation isn't totally focused on American
veterans, or Americans at all for that matter, since 70% of the aid spent goes
outside US, but finding cures for deadly diseases is important to EVERYONE,
including the homeless and disabled vets. And who's to say that a gret deal of
the money won't go to those people anyway?

Also, it is odd that there are guidelines to spend a certain amount per year,
and I'm not sure why those have been put into place, but my guess is so that
the guardians he has entrusted his wealth to will not outlive the money. He has
handed it to people he knows and trusts. As he said, he is sure they will do
better at allocating his wealth than he would 6 feet under. He does not expect
to live long enough to give it all away properly. His wife was expected to outlive
him and direct it's distribution, but sadly she did not. Bill Gates is not
necessarily my favorite person, but Warren knows and trusts him, and
that's his business, not mine.

Des,
You don't have to be. Your objections or differences are your own.

I am quite sure of mine and how I feel , just as Yogi is.
No one has of yet told me if they have figured out how much $1.5 BILLION
a year breaks down to every day.And while Bill Gates and his wife have donated to charity..I am quite sure you will find them recieving something in return.

Warren Buffett agreed to donate $37 BILLION dollars to charity at a rate of roughly $1.5 BILLION a year. Every year that $1.5 BILLION must be spent.So if it is not spent it must wasted.

I don't give a snadgnat's fart in a hurricane what he does with his money. MY OPINION is it could be better spent here at "home".

Bill Gates has how much money and how much can he contribute or get donations from for elsewhere for his cause? How much have he and his wife donated personally to such cause (s)

How much have they spent helping people here at home?

Like I said BEFORE..........I THINK IT IS GREAT THEY GIVE TO CHARITY!

But I mantain the right to say there people RIGHT HERE IN AMERICA that need help MORE. No wonder we are failing as a country when people no longer care about our own.... meaning Warren Buffett and Bill Gates.
For $1.5 BILLION a year when we are told we can adopt and feed and clothe and educate a child in Africa. How many children will that take care of?
Meanwhile what about people right here in our country and nation that have to go to sleep hungry at night or veerans that cannot afford wheelchair ramps or having their houses modifird for such use?

Thank you Mr. W. Buffett and Bill Gates for letting us know who and what you really care about.

Both of you are really making a difference....but to whom is the question!