I just think that – when a country needs more income and we do, we’re only taking in 15 percent of GDP, I mean, that – that – when a country needs more income, they should get it from the people that have it. | |
— Warren Buffett | |
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On This Day In: | |
2020 | Steppin’… |
2019 | Every Vote Counts |
2018 | Or A President |
2017 | Pleasures |
2016 | Why Not? |
2015 | Je Suis Charlie |
2014 | To The Nines |
2013 | Higher And Truer |
2012 | Life’s Last Question |
2011 | A Single Heartbeat |
A Little Male Humor – WHY MEN SHOULDN’T RETIRE | |
Posts Tagged ‘Warren Buffett’
I’d Argue Wealth, Then Income
Posted in Economics, Politics, Quotes, tagged Economics, GDP, Income Tax, Politics, Quotes, Warren Buffett on January 14, 2021| Leave a Comment »
We Will Get Through This
Posted in Philosophy, Quotes, tagged Philosophy, Quotes, Uncertainty, United States, Warren Buffett on April 21, 2020| Leave a Comment »
We always live in an uncertain world. What is certain is that the United States will go forward over time. | |
— Warren Buffett | |
[And the whole world will get through this, too… — KMAB] | |
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On This Day In: | |
2019 | I Asked My Family Doctor Just What I Had |
2018 | You Have Just Begun To Climb |
2017 | Equal Protection Under Law |
2016 | A Stubbornly Persistent Illusion |
2015 | Or You Don’t |
2014 | If You Ever Fall… |
2013 | Glory Days (part 2) |
2012 | They Follow A Pattern – If You Know What I Mean |
What I Live For (Precis) | |
2011 | Giving |
Maybe More Than A Very Few
Posted in Philosophy, Quotes, tagged Life, Philosophy, Quotes, Right And Wrong, Warren Buffett on February 18, 2020| Leave a Comment »
You only have to do a very few things right in your life so long as you don’t do too many things wrong. | |
— Warren Buffett | |
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On This Day In: | |
2019 | Missing Failure |
2018 | Praise God |
2017 | Necessary Gaps |
2016 | Nor My Dogs |
2015 | Say What? |
I’m A Dog, Too! | |
Beginnings | |
2014 | Astonishing Choices |
2013 | Three Hard Tasks |
2012 | The Only Remains |
2011 | Personal Capability |
What Price Failure? | |
Both Of W’s Elections | |
Tea (Baggers) Anyone? | |
Expecting A December Correction
Posted in Economics, Politics, Quotes, tagged #IncompetentDonald, 800 Point Market Drop, Dow Jones Industrial Average, Economy, Politics, Quotes, Warren Buffett on December 1, 2019| Leave a Comment »
We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’ | |
— Warren Buffett | |
[With the Dow at very near an all-time high, a “normal” market “correction” (a 10% drop) will still leave the market above 25,000 which would still be a historic end of year high. The only questions are when will the correction eventually happen and how far past “normal” it will go? Okay, three: how long will it last? Remember, this is the first Presidency to have an 800 point drop in a single day… Of the top five daily losses in Dow history (roughly 120 years), ALL five have happened during the current Administration. So far, we’ve recovered from each quickly… — KMAB] | |
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On This Day In: | |
2018 | Dominoes II (Update From Last Year’s Post) |
2017 | Dominoes |
2016 | Itchin’ |
2015 | In The Not So Distant Future |
2014 | Sources |
2013 | Three Essentials |
2012 | Just Looking |
2011 | Religious Lessons |
2010 | View From Under The Bus… (A mid-term report card on the Obama Administration. Long, but still worth reading for historical perspective.) |
#Impeach45: Once A Buffoon, Now A Bad Joke
Posted in Philosophy, Politics, Quotes, tagged #Impeach45, Chains, Habits, Philosophy, Politics, Quotes, Warren Buffett on November 30, 2019| Leave a Comment »
Chains of habit are too light to be felt until they are too heavy to be broken. | |
— Warren Buffett | |
[And soon, hopefully, just an embarrassingly bad memory… A genius for marketing one’s self is only useful if – ultimately – there is something in you of value. Otherwise, with bad luck, you pitiably end up at center stage with no talent to perform. #GrifterDon was able to make it to center stage. Under the bright lights, he has wilted and shown us he can’t dance, sing or even perform a soliloquy. — KMAB] | |
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On This Day In: | |
2018 | Good Sense |
2017 | E Pluribus Unum |
2016 | Lacking |
2015 | Chip, Chip, Chip |
2014 | nom de plume |
2013 | The Real Reason |
From The Book | |
2012 | When Young |
2011 | 14 Ways To A Better Judgement |
Four Buffett’s
Posted in Investing, Philosophy, Quotes, tagged Business, Investing, Knowledge, Philosophy, Price, Quotes, Risk, Rules, Value, Warren Buffett on August 9, 2019| Leave a Comment »
Risk comes from not knowing what you’re doing. | |
— Warren Buffett | |
Price is what you pay. Value is what you get. | |
— Warren Buffett | |
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. | |
— Warren Buffett | |
In the business world, the rearview mirror is always clearer than the windshield. | |
— Warren Buffett | |
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On This Day In: | |
2018 | Change Happens |
Day 13: Ginger / Mint Relief | |
2017 | Still Removing Bricks |
2016 | Namaste |
2015 | Still Learning |
2014 | Dark Processes |
2013 | To The Last Link |
2012 | Slept In Again |
2011 | Home Again, Naturally |
2009 | Thoughts after a long day of OT… |
And Government Shutdowns, Too
Posted in Politics, Quotes, tagged Debt Limit, Politics, Quotes, Reputation, Warren Buffett, Weapon of Mass Destruction on January 25, 2019| Leave a Comment »
I think that both parties should declare the debt limit as a political weapon of mass destruction which can’t be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they’re not getting some other matter. | |
— Warren Buffett | |
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On This Day In: | |
2018 | Satisfied |
2017 | In The Mind |
2016 | Dreaming |
2015 | The Best Medicine Is Also Contagious |
2014 | Eyes Off |
2013 | The More Things Change… |
2012 | The Delicate Moment Of Giving |
2011 | Ready, Shoot, Aim!! |
Uncertain Times
Posted in Philosophy, Quotes, tagged Philosophy, Quotes, Time, Uncertainty, Warren Buffett on January 25, 2019| Leave a Comment »
You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in – in 2007, we just didn’t know it was uncertain. It was – uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn’t know it. | |
— Warren Buffett | |
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On This Day In: | |
2018 | Satisfied |
2017 | In The Mind |
2016 | Dreaming |
2015 | The Best Medicine Is Also Contagious |
2014 | Eyes Off |
2013 | The More Things Change… |
2012 | The Delicate Moment Of Giving |
2011 | Ready, Shoot, Aim!! |
History Judges Incompetent Presidencies, Too
Posted in Philosophy, Politics, Quotes, tagged #IncompetentDonald, Mediocracy, Philosophy, Politics, Quotes, Time, Warren Buffett on July 20, 2018| 1 Comment »
Time is the friend of the wonderful company, the enemy of the mediocre. | |
— Warren Buffett | |
[And some Administration’s are so bad / incompetent / corrupt, we don’t even have to wait for “history”. — KMAB] | |
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On This Day In: | |
2017 | Our Confident New President |
2016 | Ways |
2015 | Be Happy, Too |
2014 | At Least Smile |
2013 | Comfortably Bound |
2012 | Certainty |
Thinking About Fathers | |
2011 | And In Every Level Of Media |
Hoping For A Blue Wave In November
Posted in Politics, Quotes, tagged #IncompetentDonald, Leaking Boats, Politics, Quotes, Warren Buffett on July 19, 2018| Leave a Comment »
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks. | |
— Warren Buffett | |
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On This Day In: | |
2017 | Garden Dreaming |
2016 | Well, Maybe Not “No” Talent |
2015 | An Appetite For Life |
A Trip To The Library | |
Great Expectations | |
2014 | Pass The Soul |
2013 | Zapping Music And Art |
2012 | Not Quite Fantastic |
That Kid Is Back | |
2011 | Wolves At The Door |
2010 | I’m Feeling Patriotic… (Well, more than usual, anyway.) |
Beating the Heat… | |
A Lot Like Teaching
Posted in Quotes, tagged Planning, Quotes, Shade, Trees, Warren Buffett on March 4, 2018| 1 Comment »
Someone is sitting in the shade today because someone planted a tree a long time ago. | |
— Warren Buffett | |
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On This Day In: | |
2017 | Wake Up |
2016 | I Like Dreaming |
2015 | Importance |
2014 | Unearned Humility |
2013 | Science Is Trial And Error |
2012 | Franklin’s Creed |
2011 | First Steps |
2010 | Home Ill… |
Doesn’t / Does
Posted in Leadership, Quotes, Uncategorized, tagged Arks, Building, Leadership, Predictions, Quotes, Rain, Warren Buffett on March 1, 2018| Leave a Comment »
Predicting rain doesn’t count. Building arks does. | |
— Warren Buffett | |
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On This Day In: | |
2017 | Talent Hates To Move |
2016 | Looking To November |
2015 | It Isn’t The End |
Prospero’s Precepts | |
2014 | Friends |
2013 | Learning Bitter |
2012 | Remembrance, Minstrels & Going Off To War |
May I Have More Happiness, Please? | |
2011 | There Is No God, But God |
2010 | Another Running Book… |
Federal Deficit, National Debt And Tax Cuts For The 1%
Posted in Economics, Politics, Quotes, tagged Bullets, Economics, Federal Deficit, GDP, Guns And Butter, Politics, Quotes, Stimulus, Tax Cuts, Tax Policy, Truth, Warren Buffett, World War II on November 19, 2017| Leave a Comment »
We’ve used up a lot of bullets. And we talk about stimulus. But the truth is, we’re running a federal deficit that’s 9 percent of GDP. That is stimulative as all get out. It’s more stimulative than any policy we’ve followed since World War II. | |
— Warren Buffett | |
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On This Day In: | |
2016 | Picky, Picky, Picky |
2015 | Another Limitation On Religion |
2014 | Enduring |
2013 | Tell Me More… |
2012 | Passing… |
2011 | Fake It ‘Til You Make It |
All In The Family
Posted in Faith Family and Friends, Investing, Reading, tagged Buffettology - book review, David Clark, Family, Family and Friends, Federal Budget, Furlough, Investing, Mary Buffett, Planned Parenthood, Reading, Recommended Reading, Warren Buffett on April 7, 2011| Leave a Comment »
Yesterday, I completed the book: “Buffettology” (1997©) written by Mary Buffett and David Clark. This is the book I thought “The Snowball” was going to be, but wasn’t. This is the book that tells you how you too can make a lot of money (with certain qualifications). All of the “tricks of the trade” – what to look for and why, and how to figure out if a company is going to make you money or not (and how soon it will do it). It’s all here in this little gem of a book. I highly recommend it!! |
The main author – Mary Buffett is the former spouse of one of Warren Buffett’s sons. Nothing like making a little bread off the ex-father-in-law’s name… |
Oh, about those qualifications… It helps to start off with about 15 years worth of the average persons gross pay in the bank to start investing. You also have to be quite obsessed with making money. You also have to be able to live off of a fraction of your earnings until you start to really roll in the dosh – that means patience and a willingness to forego instant gratification. But once you do these things, you can be well on your way to becoming quite wealthy – in 30 or so years. Actually, if you follow the guidelines laid out in this book, I’d wager you’d be quite well off in just 10 or 15 years. |
Anyway, as I said, this is an excellent read for anyone interested in working their way into a comfortable lifestyle and I highly recommend the book. Forgive my snarkiness. It’s actually a very good book with lots of great tips for investing and clear explanations for how to understand how you really make money work for you. |
Family Notes: |
Today, my son James turned 21 years old! We had a small family meal (curry and rice) and he was off to be with his mates. I cautioned him about no drinking and driving. |
Work Notes: |
It looks like there will be no Federal budget extension tomorrow – so I may be on furlough as of 11:59:59pm. At the moment, the main sticking point seems to be will the government fund Planned Parenthood or not. The Republicans say, no. The Democrats say, yes. So a budget in the trillions of dollars is being held up over cuts of only about $330 Million. This is a tiny fraction of one percent of the total budget ($330 Million / $3.7 Trillion), but the Republicans insist this cut is worth shutting down the government for, because the line for cutting has to be drawn somewhere. It should be noted, that when the Republicans had complete control of the entire Federal government – Congress, the White House and the Supreme Court (from 2001 through Jan 2007), they did NOTHING to end abortion or defund Planned Parenthood. But remember, according to the Republicans, this is about the budget and saving America from future debt and bankruptcy. It’s not about policy debates or living in a democracy where the majority view (elections) gets their way, but the minority view is respected and protected. Remember also, the majority of Americans favor a woman’s right to choice and funding for Planned Parenthood. |
The good news is I’ll have a lot more time for blogging!! |
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