Charlie Rose

charliesheep  03/31/2013 12:48 PM Report

IF; YOU BUILD A FENCE BETWEEN YOUR NEIGHBOR-- ITS ON AN EASEMENT OR UTILITY OF 'DOMAIN" AND COMMON GOOD FOR ALL! WHEN YOU CHOOSE TO FENCE; YOU IN FACT IMPEND THE UTILITIES FROM ACCESS- AND YOUR NEIGHBORS SHARE ZERO [LEGAL] NEED TO SHARE ANY COST! SO,IF YOU CANT SEE THEM---U-PAY OR SHUT UP-- BUY IT OR DON'T--- YOUR VEIW IS REARWARD------ NOT OUTWARD!

charliesheep  03/31/2013 12:39 PM Report

AMERICA ROLLS; ON TOILETS THAT FLUSH - CLEAN WATER; SANS CHROMIUM SIX - THERE'S NO COMFORT; IN AMERICA FOR; A BAG OF MONEY,-- THAT OVERSEES THAT WEALTH-- WHICH IN FACT DID ZERO TO EFFECT, THE DAILY USE OF AMERICA'S INFRASTRUCTURE NEEDS OVER A LIFETIME IGNORED, INDEED TAKEN FOR GRANTED BY "GURUS "OF WALL STREET BUT DON'T SEE AMERICA'S MAIN STREET 100 YEAR OLD SEWERS--- THAT BREAK--- STUPID PEOPLE; WHO JAIL THEIR FUTURE CITIZENS AND HEDGE AGAINST "SWEAT ETHIC" A FED THAT;BELIEVES ;THAT GROWTH COMES FROM THE LITTLE DONKEY- THAT,------- MAKES GENESIS TO RACEHORSE- HORSE-----!

NeilMacCallister  12/18/2012 03:45 AM Report

If I build a new fence with my neighbor, between our two properties, and the total cost is $2,000 dollars, ..what is my FAIR SHARE?????

What??? ..$1,000 dollars????

You are correct!!!

***

Do "the rich" ALSO pay a "fair share" of the cost of our societal improvements????

I wonder??? ..isn't it always the people who pay NOTHING AT ALL, who are the biggest raisers of the biggest fuss???

***

I don't think America remembers even the meaning of the concept "fair"!

vongleichent  12/09/2012 10:38 AM Report

Probably worth reading.

NeilMacCallister  12/03/2012 02:01 AM Report

A very fine lady I know was wrapping gifts today outside a local department store. She asked for no money from the recipients -- but there WAS a decorated donation can, with a slot cut in the plastic top, visible upon the table.

She and her friends from the "university women" group donated their time, work, materials, and warm-heartedness to the shoppers -- who, in turn, might donate a dollar or two to the collection these ladies were advancing for the purpose of helping 'hard-working-but-poor' local high school students afford their dreams of college.

Guess what?? ..Out in the parking lot, some THIEVES saw the cakes and cookies, the red-and-white hats, and the colorful wrapping papers on the seats of this lady's car-- and they SMASHED IN this charitable worker's window and helped themselves to the "free" takings!!!

And can you BELIEVE it? ..This lady actually blamed herself!!

"I shouldn't have left such things exposed", .."I shouldn't have stayed to continue wrappings once the sun went down."

***

Meanwhile, ..America's very PRESIDENNNNTTTTT, Barack Obama, is out here barnstorming with Warren Buffett, parading his sacrilege that "THEFT is the way to YOUR SHARE!!!"

"If you SEE it!!!! ..and you WANT it!!! ..just TAKE IT!!!"

***

When Warren hears our President shout that incitement to riot, ..and he just slaps Barack on the back and says, "You go there, young man!!"

And when America's property values have finally descended completely to the 5-cents-on-the-dollar mark -- Mr. "Buy low, sell high" Warren Buffett is going to "free up" some of his 50 Billion dollars and buy a few entire STATES for his children!!!

I believe his daughter desires New York and Washington -- while one of his sons wants California and Wisconsin, and the other Nebraska and Illinois.

("Hey! .."Don't forget!! .."You promised ME Chicago, Mr. Buffett!!!", chirps up Barack Obama.)

SharkswithfrikingLazers  12/02/2012 03:19 AM Report

Warren tells us the 400 highest taxpayers in 2009 had $202M as an average income. Then they got the extra bonus . . . 200 paid at below 20% in taxes, 100 paid at below 15% in taxes and 6 paid nothing, NOTHING.

http://www.nytimes.com/interactive/2012/08/10/business/the-wealthiest-400-taxpayers.html?ref=business

Yes these gilded six are part of Romney’s 47%.

So the alternate minimum tax does not seem to work.

The Warren minimum tax of 35% in this case would only happen if somehow these 400 do not have any political influence and Congress could turn its back on their donations.

So the real issue is not that we don't have laws and regulations and we need Warren to tell us what to do. The real issue is that these minimum tax laws only apply to some of us.

NeilMacCallister  12/01/2012 11:32 AM Report

Dimon, Buffett, and Obama do NOTHING to bring honesty and 'fair dealing' to economic flow as they pour Trillions of dollars into the banking and investment houses, and then worsen the swelling by installing a thousand dams and locks to ensure that the money sits and rots right there -- saved for the fermented pensions of compliant Democrats.

SharkswithfrikingLazers  12/01/2012 02:51 AM Report

Warren tells us Jaime Dimon would be terrific as Secretary of the Treasury.

Perhaps he means in a Joe Kennedy way . . .

After Franklin Roosevelt called Joe Kennedy to Washington, D.C. to clean up the securities industry, somebody asked FDR why he had tapped such a crook. "Takes one to catch one," replied Roosevelt.[25]

Kennedy's reforming work as SEC Chairman was widely praised on all sides, as investors realized the SEC was protecting their interests. His knowledge of the financial markets equipped him to identify areas requiring the attention of regulators. One of the crucial reforms was the requirement for companies to regularly file financial statements with the SEC, which broke what some saw as an information monopoly maintained by the Morgan banking family.

http://en.wikipedia.org/wiki/Joseph_P._Kennedy,_Sr.

So then Dimon does a Kennedy and cleans up his mess.

Brilliant Warren.

NeilMacCallister  11/29/2012 11:50 PM Report

"Thank you Sharkie, .."I think our listeners got your message!"

We'll have this short intermission:

http://www.youtube.com/watch?v=bpTSVy3yzts

..and then we will be right back with HERMAN CAIN on the economy!!!

SharkswithfrikingLazers  11/29/2012 08:59 PM Report

Thanks again for saving us Warren! Please help make sure it doesn't happen again.

Ed Asner plays Warren.

Photo here: http://www.thejanedough.com/warren-buffett-too-big-to-fail/

Warren is portrayed as Mr. Money who puts in billions to save the world but mostly our economy/banking system.

Warren is portrayed as so wealthy he is like a country of cash, the Cash Country of Buffett.

I guess we have to concentrate our wealth into the hands of someone like Warren so we can save the country when our government fails so miserably.

Thanks again for saving us Warren! Please, please help make sure it doesn't happen again.

Warren told us here that the President calls him; he doesn't call the President. Perhaps the Bat Signal would work just as well.

tabs  11/29/2012 10:52 AM Report

When one watches Mr Buffett one does not see Warren Buffett the Billionaire but Warren Buffet the frail and fragile human being with all his idiosyncrassy. Mr Buffett reminds one of a Nebraska farmer who instead of planting seeds in the ground invests capital into businesses and instead of harvesting crops he harvests profits that he watched grow. Mr Buffett does have a unique talent which he learned over time and that was to read the nuanced language of the financial statement. But the most important thing that Mr Buffett revealed was that he only likes to invest in businesses whose model has long term sustainabilty regardless of technological, political or economic change. One only has to look at the partial list of what Mr Buffet has invested in to see the unchanging nature of their success. Coca Cola, a Railroad, Well Fargo, and a Brick company.

NeilMacCallister  11/28/2012 11:20 PM Report

Let's say King Midas here declares "Every baby born in my kingdom will have their left leg sawed off at birth!!!"

Will no one then ever have a baby????

Or is Mr. Buffett's IGNORANT argument the real anti-product of America's IGNORANT "intellectual elite" today?

Max83  11/28/2012 02:34 AM Report

Thank you for this great conversation!

Mr. Buffett looked a little weaker and paler than usual. I think it is probably due to his recent medical treatments. However I noticed how his demeanor improved through the conversation and the many laughs the group had. Humor is vitalizing and this conversation was a great example of the healing power of laughter :-)

I think Mr. Buffett will live beyond 100 years of age, not just because he wants to do that and because he enjoys his life and his profession, but because America and the World need to have him stay alive, because he is one of the only rich people on the planet with truly outstanding ethics, morals and vision.

I consider him a Money Master or Money Magician, a person who has the ability to truly invest money for the benefit of people and planet, for the greater good.

I think Mr. Buffett will die in 2033, so he has at least 20 more years to grow Berkshire Hathaway and make it into a supreme protector and ambassador of the American people and the authentic and benevolent American way of Life around the world.

I have had this intuition for quite a while and I will share it here, because I think Mr. Buffett sometimes reads this comment section.

Dear Mr. Buffett, I have gotten many times that for some reason Berkshire Hathaway needs to buy Potlatch Corp. based out of Spokane Washington. I know that right now the P/E is very high, but for some reason Berkshire Hathaway needs to become a big or the biggest forest landowner in the USA. I suspect that I am getting this message because forest land will be very important in the future and big areas of land need to be owned by corporations or individuals with very high ethics and morals. I leave the timing of these investments up to you :-) I just needed to share this information and now I feel relieved that it is out there for you to potentially read it or hear about it.

Thank you also for your continued and generous support of the Charlie Rose Show. This program is a great contributor to the health and sanity of this Nation and I am grateful I have access to this great show through the internet, because I chose not to have a TV in my house.

I hope your body recovers fully swiftly.

Thank you as always to Charlie Rose as well and also thank you to Carol Loomis.

SharkswithfrikingLazers  11/28/2012 02:21 AM Report

Todd and Ted will run the business investments:

http://online.barrons.com/article/SB50001424052748704526104578121211959758022.html

And your son?

SharkswithfrikingLazers  11/28/2012 01:50 AM Report

Carol lists Warren's biggest mistakes.

Warren shrugs and tells us how hard it is to fire someone.

Story here: http://dealbook.nytimes.com/2011/03/30/sokol-resigns-from-berkshire-hathaway/

Mark Cuban said the same thing on a recent 20/20 episode.

Yes, it makes sense now why Warren would default to his son.

SharkswithfrikingLazers  11/28/2012 01:32 AM Report

"Think about again and you will agree with me, because your smart, and I'm right." Charlie Munger

Yes, that Charlie knows the perfect way to have a disagreement with Warren.

SharkswithfrikingLazers  11/28/2012 01:08 AM Report

Warren is calling Charlie at midnight and Jon Stewart at 1 am.

He can call me anytime.

I will not mention taxes. I swear to Grover Norquist.

SharkswithfrikingLazers  11/28/2012 01:07 AM Report

Warren mentions he is like Diogenes out looking with a light.

Diogenes the dog?

http://en.wikipedia.org/wiki/Diogenes_of_Sinope#Diogenes_the_dog

Funny thing, there are now more dogs in American households than children. Right David Brooks?

REMant  11/27/2012 01:47 PM Report

Perhaps back when Ms Loomis first met Mr Buffett, he was pretending to be descended from the French, like Mrs Bucket, instead of the lowly Scots-Irish.

We've been all over the capital gains tax rate question before and there's no point in rehashing it. Increasing it won't make much of any difference to the budget, and it may well hurt retirees and corporate competitiveness.

A tax is only taxing when it is unproductive. Then its a negative externality. Otherwise it's a positive externality. The only thing investors really ought to consider about an investment is whether it is productive. BUT, we know that in our easy money regime investors have become more concerned with getting more than the other guy. So they find value in moats, and in leveraged buyouts, etc. And this is also why ppl like Buffett don't buy highly competitive businesses like airlines, supermarkets and discount stores. Not, however, that he is into conspicuous consumption. He does, nevertheless, demonstrate that ownership is still a more effective route to wealth than mere investment, and so it is not surprising he advocates equities, despite his 1977 article "How Inflation Swindles the Equity Investor," which argued that they cannot really be a hedge on inflation without making things.*

Similarly, the market is up only because we are swimming in legal tender, since there's so few investment opportunities elsewhere, as Berkshire Hathaway, itself, illustrates. Ricardo looked at his newspaper one early 19th c morning, and jotted in his notebook what Robbins and Hayek were to reply to the Keynesians a century and a half later: "Money cannot call forth goods,—but goods can call forth money."

After the American Revolution, when all the hard money spent by the British forces had been sent back to buy British goods, as free market theorists like Dean Tucker and Adam Smith predicted, it seemed to a lot of ppl, such as Hamilton, that we needed a circulating medium, but what we needed, and lacked, was enterprise and investment. So Warren is right about the latter, but wrong in that what we got was a LOT of stimulus from start-up banks operating on next to zero reserves. But I suppose he was talking about govt spending. Hamilton attempted to provide that too, also in typical mercantilist fashion, and mostly in the north, prompting a debate among historians ever since whether the free market in the south and middle states or the mercantilism of the north was more efficacious. And which one is what is meant by "capitalism." With his insurance cos Buffett runs his own banking leverage operation.

If I were to type Warren I'd compare him to Chase's economist in the '20s and '30s, Benjamin Anderson, a conservative member of the "Banking School," Ricardo's opponents, whom the Austrians today nevertheless like.

Behavioral economists, BTW, have taken to deriding the maxim to NEVER lose money.

And it seems to me ppl HAVE stopped chewing gum. But I haven't looked under many school desks recently.

*it can be found here: http://www.valueinvesting.de/en/inflation-equity-investor-by-warren-buffett.htm, and here, http://features.blogs.fortune.cnn.com/2011/06/12/warren-buffett-how-inflation-swindles-the-equity-inv estor-fortune-1977/ I advise readng only the last half of it. The article, incidentally, makes many of the same observations made by observers of America's 19th century panics.