Trump’s Trade War
Peace For Taiwan Is Possible
The Last Age of War, The First Age of Peace: Lord Kalki, Prophecies, and the Path to Global Redemption
AOC 2028: : The Future of American Progressivism
Beyond Motion: How Robots Will Redefine The Art Of Movement
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AI-Era Social Network: Reimagined for Truth, Trust & Transformation
Beyond Motion: How Robots Will Redefine The Art Of Movement
ChatGPT For Business: A Workbook
Becoming an AI-First Organization
Quantum Computing: Applications And Implications
Challenges In AI Safety
AI-Era Social Network: Reimagined for Truth, Trust & Transformation
The Likes of Warren Buffett We Will Never See Again In an age of insecurity, Mr. Buffett was an anchor of endurance. Since he took the helm of Berkshire — on May 10, 1965 — General Motors, then the largest American corporation, has greeted 11 new chief executives. Sears, Roebuck, the biggest retailer, has vanished from the scene. Eleven U.S. presidents have come and gone (two of them having survived impeachment and one forced to resign), and Coca-Cola changed its formula, but Mr. Buffett didn’t change his. ......... Berkshire’s stock that day in May closed at $18 a share. When he delivered the news, it was above $809,000 — almost 45,000 times as high. Over the same span, the Dow Jones industrial average is up just under 45 times. ......... he is also among the greatest corporate leaders. ......... it was his character. ........ He revered the institutions of capitalism; most especially, he treated the executive’s duty to shareholders as a sacred trust. ......... Lest he be accused of violating that trust, he capped his annual salary at $100,000. He never took a stock option (the unholy tool by which chief executives expropriate a piece of the business from the shareholders for whom they are fiduciaries). ......... Where in Congress, the media or government is a leader of such principle?
........... “Warren Buffett represents everything that is good about American capitalism and America itself.” ......... unwavering focus on the long term. ......... “We don’t do anything based on its impact on quarterly and annual earnings.” He added, “What counts is where we are five or 10 or 20 years from now.” ........... His ability to look past the next set of numbers is as rare in business as it is in politics. It required an internal value system, a willingness to think for himself. .......... He invested in Coca-Cola in the late 1980s and in Apple starting in the mid-2010s based on his evaluation of the publicly reported data. Every investor on the planet had the same information. .......... I would call from time to time (he even kept the same number) and got right through. Never did I hear, “He is in a meeting.” ............ he would answer their questions, he said, “in the manner of a fellow who has never met a lawyer.” ............ the most curious aspect of his celebrity — the annual trek of thousands of Buffett cultists and other shareholders to his capitalist Woodstock in Omaha. .......... unvarnished answers delivered with his Cornhusker simplicity (and his razor wit).
Proof Trump Has No Idea How the Trade Deficit Works There are many reasons President Trump should not be pushing Congress to pass huge tax cuts, but here’s one you may not have heard: Budget deficits and trade deficits are twins. When the former go up, so, generally, do the latter. So at the same moment Mr. Trump is upending the global economy in a feckless attempt to eliminate America’s trade deficit, he’s essentially pressuring Congress to increase it. .......... Despite DOGE’s grandiose claims, noninterest spending since Mr. Trump’s inauguration is an estimated 9 percent higher than for the same period last year. Meanwhile, the I.R.S. work force is being significantly reduced, which will make it harder to collect taxes. And no, the revenue from tariffs won’t make up the difference. Nor would the spending cuts in the budget Mr. Trump just proposed for next year. ......... There is nothing wrong with a trade deficit per se. Imports are good and something we value. And there is definitely nothing wrong with bilateral trade deficits. It makes sense that the United States runs a trade deficit with Lesotho, which sells us diamonds but does not buy much of our exports, while running a trade surplus with Brazil, which needs our energy resources to fuel its economy.
Warren Buffett knocks tariffs and protectionism: ‘Trade should not be a weapon’ “I do think that the more prosperous the rest of the world becomes, it won’t be at our expense, the more prosperous we’ll become, and the safer we’ll feel, and your children will feel someday.” .......... Trade and tariffs “can be an act of war,” added the legendary investor. “And I think it’s led to bad things. Just the attitudes it’s brought out. In the United States, I mean, we should be looking to trade with the rest of the world and we should do what we do best and they should do what they do best.” ......... “It’s a big mistake, in my view, when you have seven and a half billion people that don’t like you very well, and you got 300 million that are crowing in some way about how well they’ve done - I don’t think it’s right, and I don’t think it’s wise,” Buffett said. “The United States won. I mean, we have become an incredibly important country, starting from nothing 250 years ago. There’s not been anything like it.” ............. Buffett has been in a defensive mode, selling stocks for 10 straight quarters. Berkshire dumped more than $134 billion worth of stock in 2024, mainly due to reductions in Berkshire’s two largest equity holdings — Apple and Bank of America. As a result of the selling spree, Berkshire’s enormous pile of cash grew to yet another record, at $347 billion at the end of March.
Trump’s Trade War
Peace For Taiwan Is Possible
The Last Age of War, The First Age of Peace: Lord Kalki, Prophecies, and the Path to Global Redemption
AOC 2028: : The Future of American Progressivism
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