Posted on 10/28/2019 7:05:23 AM PDT by outpostinmass2
Exactly. If I were in that scenario my response would be “no way in hell”.
If the state takes it over, the rates will go way up, the trees will be cut and the few Republican parts of the state will get the lest amount of service.
“Good luck with that one, Newsome. Buffett may be a Democrat. But hes no fool.”
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You forgot... he’s also a capitalist! If’n there ain’t no profits to be made here, he likely will not bat an eyelash.
With the idiots currently in charge and with Utilities subject to the control (and whim) of the California PUC, no one with even ONE functioning brain cell would invest.
I’d bet if PG&E were offered to Buffet for free he would turn it down. I know I would.
Socialist states kill public corporations, plain and simple.
Yes, but the investment in rail and cars goes back more than a decade. They’re not just something he picked up on a whim a couple years ago.
It gives me at least some confidence that moving most of my retirement account away from mutual funds was the right move.
My biggest individual holding is Portland General Electric (POR) which one thinks should be safe since it is hydroelectric power. But it is also located in a state run by idiots, so maybe I'd better rethink it.
Its not just the trees, its also the underlying brush. Also the wacko environmentalists have their collective fingers in the pie at all times.
“Yes, but the investment in rail and cars goes back more than a decade. “
Your post was touting what he is buying today. His investments are trailing the DOW over the past few years.
“Newsom should be approaching prominent billionaire liberals like Bill Gates...”
This whole scam is getting to be reminiscent of the ‘asbestos crisis’.
It started slow, with the removal of asbestos from old buildings etc..
It blossomed into its own industry what with suits, protective gear and finally getting to the point that by the time you tore down an OLD house and took all the asbestos ‘steps for removal’ etc, it was costing more to demo the old one family, one story house than to build a new 3 story office building.
So gradually ‘they’ eased of on regs and we are back where we were but at a ‘cheaper’ price.
as ‘they’ say “FOLLOW THE MONEY”
Note no fossil fueled backup generators for you.
If LA burns, will not America be better off?
HELP! Daddy Warbucks... PLEASE save us!
Anybody who would invest anything in California is officially out of their minds!
California is exhibiting the situation of the USA in Atlas Shrugged.
CA is phasing out natural gas. They are going to eliminate combustion engines. There are many places where you cannot burn wood in a fireplace. I read something (I need to find it) that said CA had assumed ownership of the aquafiers.
In some of the places that have burned in past, permits to rebuild single family dwellings are not being issued. Where the Paradise fire was last year, the environmentalists found a rare toad (or something) so permits aren't being issued there - the toad lived through the fire and it must've been there before, but - CA.
warren dont cut no trees
Even Buffet couldn’t turn things around, when the state is run by morons.
Not touting, suggesting the poster I was replying to may want to look at what Buffett was buying today, and commenting that he had existing major investments in areas the poster was unaware of.
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