That is not accurate. I believe he said something to the tune of he will leave them enough to do something but not enough to do nothing which I think most people would agree is a good idea.
TO doesn’t want you gambling
- Thread starter Siryacht
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That is not accurate. I believe he said something to the tune of he will leave them enough to do something but not enough to do nothing which I think most people would agree is a good idea.
What companies had all these layoffs? Warren is usually known for buying companies and being pretty hands off.
not a good person?
firing deadweight and turning a profit is now evil?
@TampaBaySkers when did you get castrated?
good lord
firing deadweight and turning a profit is now evil?
@TampaBaySkers when did you get castrated?
good lord
Certain people love to hate Buffett despite the fact that lived what he preached. The hate amazes me because the guy kept his company in Omaha and lives in an incredibly modest house compared to someone like Dave Ramsey. Dave preaches living a conservative lifestyle but had extravagant fountains and all kinds of wasteful stuff at his million dollar house.
Companies were already profitable that’s we he bought them. Him firing 10% of workforce and telling the rest to figure it out so he can pocket another $100 million makes him the bad guy.
Enjoy those saggy billionaire balls you love putting down your mouth Kong
Buffett doesn’t elect to pay more taxes does he? He always says his taxes are too low but does he volunteer to pay more in tax? Nah.. just likes to talk about it
Dave lives how he preaches: Conservative when you are broke and live and give like no other when you can afford to do so.
Would you rather give the government more or donate to organizations who align with your goals?
Of course donations. But he bitches about how low his taxes are.. you kind of missed the point
You don’t just buy companies because they are profitable. He doesn’t buy the most efficient companies because you don’t get those “on sale” because you are paying a premium. A company who is inefficient and low profits allows you to buy at a discount, improve and return your investment even more.
So you think there’s such a thing as “good enough”?
Explains your fangirl attitude toward hoiberg
Best of luck in your transition. Seems well underway.
That’s my point - he could give more taxes but why would he, when he could donate to other causes.
I have no issue with Buffet being taxed as he does since all of his taxes are from capital gains. Anyone who wants to tax capital gains to the same level as normal income is not thinking long term of the destruction it would cause.
You are 100% off. You have zero clue what you’re talking about. He bought my company because we were very profitable and debt free.
They are successful because he set them up for that and because of him. Don’t kid yourself. Doors opened for them because of who they were . They all have foundations which he gives to generously to and will leave a lot more too when he passes.
They will left something. I think his words were I will leave them enough to do something but not enough to do nothing.
I have no clue about business acquisitions?
He bought your company because it could be more profitable in the future. Not to keep status quo.
Time value of money. He’s paid for your current profitability with the EBITDA multiplier.
I know he publicly states that taxes are too low for him personally - I know he doesn’t send excess checks to the government. The point you are making is not lost on me. If you are calling him a hypocrite so be it.
No. Love these hr terms you use. Clean, let go. What happened to fired?
You Buffett Bros crack me up. What a cult
Buffet has the kind of "stupid" money where he could gift $ 17,000.00 to thousands of his hourly employees in his most profitable businesses. Not only is that 17K a gift with no taxes, its enough money to really do some people some good. If not the full 17K, then 10K or 5K. No doubt many of them would blow that money on stupid stuff, but it would be a great lifeline for many deserving people.
He could do fun shit like have all those employees who are buying a home, put their names in a hat, and draw out 5 names and just pay their homes off. Fun shit like that that can change peoples' lives.
He could become one of the most loved and respected business owners/philanthropists ever. That's a legacy.
Was it a hostile takeover or did the “greedy” shareholder want to sell “your” company to realize a profit?
He loves money too much. I heard the cheapskate still uses his free McDonald’s card on the daily
People that have the wherewithall do strange things with money.
My son and daughter drive new vehicles and live in expensive homes.
My wife drives a nice car and I still drive a 1999 GMC Envoy, its unlikely I'll ever get another vehicle.
My wife and I still live in the same modest home we built in 1984 for 38K.
Go figure.
Sorry about you or someone you know winding up on the wrong side of the winner/loser ledger in Buffett’s eyes
Tough stuff
I’m sure you or they will land on their very capable feet (lol)
Pull Buffett’s balls out of your mouth. You must have to lay on the floor while he stands… so saggy
For someone who is on his third username and constantly posts during business hours I could assume you’re pretty dead weight 🤣🤣
1%, is what he said, if I remember.
Why is it NOT a good idea to leave it all to them? He ****ing raised them but he is worried that they will be losers? That is on him.
That is a jackass move. Just like parents that don't leave things equally to their kids.
Buffett is like 85 years old...it is not like his kids are 12 and 15...they are grownups.
What’s he gonna do with the money? Give it to bill gates so he can buy more land and make us eat the bugs
He has given them plenty throughout their lives. He set them up with Foundations of their own which he gives generously also and has it set up to give more when he passes. He is 93 so it probably won’t be long: Maybe he doesn’t give it all to them directly. But indirectly they are getting most of it through the foundations .
Yeah....no. I got zero probs with a guy not leaving his entire fortune to his kids. We're talking richest person on earth fortune here...not a couple hundred thousand bucks. You would deprive your kids of carving out their own life if you did what you suggested.
And have already been set up for life because of wgo they had as a father. I think its fantastic most of the money will go to the less fortunate. Very admirable.
I think it is stupid. But hey, it is his money and if he wants to do that, he can do it!
He is like 7th . I think you know what OP meant in his post.
