A million questions

time in hand, (sound) money in the bag, sound mind, fit body & houses full of love

[A million questions @OneMoreIfIMay]

@alifarhat79 The hardest currency is military might

[A million questions @OneMoreIfIMay]

@orrdavid He travels a lot to give talks about Bitcoin - important evangelizing work. I think it’s legitimate a business need

[A million questions @OneMoreIfIMay]

@_jaydeepkarale Why do you need hr to onboard? Isn’t it all software nowadays? Hr is for other things

[A million questions @OneMoreIfIMay]

@TheStalwart Lmao 0.5% management fee is still overpaying

[A million questions @OneMoreIfIMay]

@BamaBonds This cannot be right because it implies berkshire is not smart. Its gotta be a win win deal with each seeking tradeoff best for themselves. Goog is to win market share while Berkshire is seeking positive EV bet

[A million questions @OneMoreIfIMay]

@caseyjdonaldson @MentalYatirim_ When and where did he admit this?

[A million questions @OneMoreIfIMay]

@HarreBelly @Jesse_Livermore How so, can you elaborate?

[A million questions @OneMoreIfIMay]

@RealJimChanos Are you saying there's no more upside?

[A million questions @OneMoreIfIMay]

@PythiaR How so?

[A million questions @OneMoreIfIMay]

@orrdavid @RealHerbHoover Oh, you expect such capital raise to be recurring for 5 years? I only thought of it as a one-off

[Sweep @0xSweep]

If you had invested $1000 into $IBM in 1911, today you'd be dead.

[A million questions @OneMoreIfIMay]

@orrdavid @RealHerbHoover 2% does not lower the risk that much tho right>

[A million questions @OneMoreIfIMay]

@Jesse_Livermore @EnergyCredit1 feels like advertising now that berkshire name is written all over it

[A million questions @OneMoreIfIMay]

@amitisinvesting great insights

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@joecarlsonshow set up for life

[A million questions @OneMoreIfIMay]

@willis_cap what made you think buffett was not involved in this deal?

[A million questions @OneMoreIfIMay]

@Jesse_Livermore i wonder who/what they were targeting when they started that dividend program

[A million questions @OneMoreIfIMay]

@garrytan 💯

[John Arnold @johnarnold]

America's cultural ideal has been the self-made entrepreneur while Europe's was rooted in aristocracy, with status inherited rather than earned. Europe's inheritance laws show this divide.

Many European countries have "forced heirship" laws that require people to leave 50-75% of their estates to their children. Want to leave the majority of your wealth to charity? not allowed. Your kids are estranged from you, struggling with addiction, or irresponsible? still required to give them the money. Want your kids to avoid a life of entitlement? tough.

Incredibly, these laws look back at transfers made during your lifetime. If you have 3 children in France, you're required to bequeath them a minimum of 75% of your estate. Because French law calculates this based on your assets at death plus all lifetime gifts, giving away more than 25% of your wealth while alive means your heirs can legally sue to force charities or foundations to return the funds. This has limited the development of the nonprofit sector on the continent.

The cultural gap between an entrepreneurial society and one shaped by dynastic wealth is enormous. If you make it yourself, you tend to want your kids to do the same. If you inherit it, the primary goal is protecting the estate for the next gen.

Countries like Spain, France, and Italy legally entrench family dynasties, while America has historically sought to limit them through estate taxes. The result is not only a weaker culture of philanthropy and civil society in Europe, but also less economic dynamism.

[A million questions @OneMoreIfIMay]

@dougboneparth If the rebuilt Iran is pro-US or even neutral instead of the previous “death to America/Israeli” regime that also destabilized and sabotaged the gulf/Arab countries some can argue it may be worth the price. And which countries would need to contribute to the fund?