Sometimes I feel like I'm posting this a lot these days...
Alan Reynolds does the math ping.
Sometimes I feel like I'm posting this a lot these days...
The only legitimate issue with the 1%’s wealth is how did they make it and what are they doing with it.
Did they earn it via government fiat, subsidy and/or protection? They have my ire and disgust.
Are they using it to expand or contract Constitutional liberty in America? If they’re undermining the Constitution, ditto above.
So, using that framework I can deeply respect guys like Buffett and the even more successful and sharper George Soros. They’re good at what they do, Soros is incredibly good. Then I look at their politics and the fall is long and hard.
Otherwise, I don’t think about the uber-wealthy, other than to learn from them. Most are one hit wonders, the few I watch do it again and again.