I’d Argue Wealth, Then Income

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

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We Will Get Through This

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

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Still Measuring

Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you.
—  Warren Buffett
[Happy Birthday to me!  —  KMAB]
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On This Day In:
2019	Living On The Couch
	Who Am I – One Interpretation
2018	A Gardening Goal: Feed The Flowers
2017	Freakishly Happy Cowboy
2016	One More, Please
2015	Infinite Adventure
2014	Unpaved
2013	Headstones
2012	Keeping Young
2011	Lessons Well Learned

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Maybe More Than A Very Few

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?

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Expecting A December Correction

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.)

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#Impeach45: Once A Buffoon, Now A Bad Joke

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

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Four Buffett’s

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…

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And Government Shutdowns, Too

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!!

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Uncertain Times

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!!

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History Judges Incompetent Presidencies, Too

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

 

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Hoping For A Blue Wave In November

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…

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A Lot Like Teaching

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…

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Doesn’t / Does

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…

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Federal Deficit, National Debt And Tax Cuts For The 1%

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

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All In The Family

 

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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