Steffen Schmolinski

"Wenn die Menschen nur über das sprächen, was sie begreifen, dann würde es sehr still auf der Welt sein." Albert Einstein

[Steffen Schmolinski @StSchmolinski]

„Vater Zeit gewinnt immer“, schrieb Buffett. „Mir gegenüber war er jedoch großzügig. Er hat mir die Gelegenheit gegeben, mitzuerleben, wie Berkshire einen Punkt erreicht hat, an dem ich mehr denn je zuversichtlich bin, was die Zukunft bringt.“

[CNBC @CNBC]

Warren Buffett stepping down as chairman of Berkshire Hathaway: 'Father Time always wins' https://t.co/dVEq7iNXDL

[Steffen Schmolinski @StSchmolinski]

Dieses Verhalten ist es, das langfristig Vermögen aufbaut.

[Compounding Quality @QCompounding]

“I’ve found that when the market is going down and you buy stocks wisely, at some point in the future you will be very happy.” – Peter Lynch

[Maria Shriver @mariashriver]

And so here we are. This statement from Trump blows my mind. That a sitting president would not let any renovations to a public building go on unless he gets to first put his name in the said building… What a sad state of affairs. What a tragedy. Actually, how small minded, how narcissistic. Actually
great men, devoted to public service and the public good do not act like this.

It seems that this man will not rest until his name is permanently connected to the name of a great president, whose memory this building was dedicated to. Imagine spending your time and your days focused on this, as everyday Americans struggle with healthcare, gas prices, rent, and food. Imagine spending your days focused on this, while a war rages under your leadership.

Enough said. Thank you for your attention to this matter.

[Steffen Schmolinski @StSchmolinski]

Die Fed hat die Zinsen angehoben. Die Entscheidung fiel einstimmig, darunter auch Fed-Vorsitzender Kevin Warsh, den Präsident Trump in der Erwartung ausgewählt hatte, dass er die Zinsen senken würde. Quiet, piggy wird toben in 3,2,1…

[CNBC @CNBC]

The Fed approved its first interest rate hike in more than three years and indicated another to come, as part of an effort aimed at combating inflation brought on by spiraling oil prices and other factors.

Read more: https://t.co/f8Rv6Vn4b9

[Steffen Schmolinski @StSchmolinski]

Dieser Mann hat Humor, gefällt mir 😊

[Investment Wisdom @InvestingCanons]

Charlie Munger: “As Warren puts it, ‘The trouble with banking is there are more banks than there are good bankers.’”

“All intelligent investors worry about banks…because banks present temptations to their managers to do dumb things.”

[Investment Wisdom @InvestingCanons]

“The only way to avoid mistakes is not to invest, which is the biggest mistake of all.”

— John Templeton

[Steffen Schmolinski @StSchmolinski]

Charlie Mungers Denkweise ist ein Paradebeispiel für langfristiges Denken – etwas, das jeder gut gebrauchen könnte.

[Compounding Quality @QCompounding]

"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be intelligent." - Charlie Munger.

[Jürgen Nauditt 🇩🇪🇺🇦 @jurgen_nauditt]

Trump has been "first pro-Soviet and then pro-Russian for decades."

The renowned philosopher Francis Fukuyama:

Trump visited Moscow in the 1980s, when the Soviet Union still existed. Later, he spent tens of thousands of dollars on advertisements in the *New York Times* claiming that NATO was the cause of the Cold War confrontation and should not be funded. For decades, he maintained a pro-Soviet and later a pro-Russian stance.

Prominent and influential intellectuals from around the world have finally begun to openly state what should have been said about Trump long ago.

https://t.co/F1Wyojf4i5

[Steffen Schmolinski @StSchmolinski]

@BirgitMlle64711 💜

[Steffen Schmolinski @StSchmolinski]

Premierminister Carney ist großartig! Schade, dass die meisten Staats- und Regierungschefs der Welt nicht so denken wie er, dann wäre die Welt vielleicht ein besserer Ort zum Leben.

[Heather 🌿 @CedarAndHoney]

Bloomberg’s Editor in Chief:

“Since Mark Carney took office, Canada has outperformed both America and Europe in the stock market. Canada’s have appreciated 40%. Canada is one of the most loved countries in the world. Carney is stable & trustworthy & the world values that.”

/1

[Hasnain Kazim @HasnainKazim]

Was Russland macht, ist so widerwärtig, wie etwas nur widerwärtig sein kann. Das ist kein Soldat, kein Terrorist, kein Untergrundkämpfer oder Helfer von Kriegern. Es ist einfach Junge, ein Zivilist, der mit dem Fahrrad unterwegs ist. Ein russischer Drohnenpilot entdeckt ihn und ermordet ihn. Einziges Ziel: die Moral zu erschüttern und Angst zu verbreiten. Russland gehört dafür bestraft.

[Steffen Schmolinski @StSchmolinski]

Premierminister Mark Carney hat etwas was Fritze Weltökonom Merz und die EU-Kommission vergeblich bei sich selbst suchen, Mumm in den Knochen und A**ch in der Hose!

[BBC News (World) @BBCWorld]

Canada says it will match US tariffs 'dollar for dollar' as trade talks break down https://t.co/pBZhgIxPkq

[Steffen Schmolinski @StSchmolinski]

@BirgitMlle64711 Ich bin jetzt im Havelland und hier regnet es 😍 kommt bestimmt zu euch…übrigens, hier etwas Schönes das das Havelland berühmt machte…https://t.co/oHj8WhQa3Y

[Steffen Schmolinski @StSchmolinski]

@BirgitMlle64711 Vergangene Nacht hat es bei uns geregnet, zwar nur für eine Stunde, aber jeder Tropfen ist willkommen.

[Kate from Kharkiv @BohuslavskaKate]

SNYDER: You can't imagine Trump or Hegseth visiting Kyiv. It's not that it's not going to happen. It's just unimaginable.

It's psychically impossible for them. They can't be in a world where people are actually taking real risks for real things.

That would be too much for them. They can't be in a place where there is courage.

That would be opposed to just manipulating the rest of us with words, which is designed to make them look tough.

They'd never take any risk for anything themselves. They believe that all talk of patriotism, democracy is just for show.

These are people who fundamentally will just tell you what you want to hear in order to get what they want personally.

For them, whole idea of democracy, and even national sovereignty, is all just a joke, right? Just a means to an end.

When they're confronted by others for whom democracy or national sovereignty isn't a joke, who would fight for freedom.

Not just use words like "fight for freedom," but who would, like Ukraine, do it, when they're confronted and are doing it.

Have been doing it for 4 and a half years now, they don't have a way to respond besides scorn, spite, and dismissal.

That's the only thing they can do, because they're in a world where those are all words, and it's all just words.

When they're confronted with actual human beings, men and women who are actually taking risks, they're helpless.

They have to get that topic off the table. They're only comfortable in a world where everybody is venal and hypocritical.

Where everybody lies all the time. And so I think that's the fundamental thing: it's just really uncomfortable for them.

[Steffen Schmolinski @StSchmolinski]

@BirgitMlle64711 🫶🏼🫂😍

[Steffen Schmolinski @StSchmolinski]

@BirgitMlle64711 🤞🏼ich drücke ganz feste die Daumen 🍀

[Steffen Schmolinski @StSchmolinski]

Ja, dass zu erreichen wäre sehr schön. Aber dann beschimpft uns unser derzeitiger Bundeskanzler das wir alle zu faul sind.

[R @AlphaWizarDD]

They ask Warren Buffett in an interview:

"What is true wealth"?

Warren Buffet: "True wealth is not having the biggest house or the most expensive car.

It is having enough money to live comfortably while being free to choose how you spend your time, who you work with, and the life you want to live.

In the end, time and freedom are the greatest forms of wealth".

(Charlie Rose, 2009)

[Steffen Schmolinski @StSchmolinski]

KI-Investitionen gleichen aktuell einem Blindflug. Solange es keine verlässlichen, unabhängig geprüften Zahlen wie bei Banken gibt, die beweisen, dass KI langfristig und risikoarm mehr Geld einbringt als eine sichere Staatsanleihe, rührt er diese Technologie als Investor nicht an

[Karl Mehta @karlmehta]

Warren Buffett says he could collect 20 to 40 billion dollars a year from government bonds without taking any risk, and that is the number he holds AI spending against:

"AI companies, you're putting out huge amounts of money. And I can put huge amounts of money into government bonds and get, you know, 20 or 30 or 40 billion dollars a year in terms of payments from them."

"So a good business is one that earns a lot more than, and has prospects of continuing to earn a lot more than the returns on essentially riskless investments, which you could define as Treasuries."

"But if you take something like American Express, you know, most of the banks earn 13, 14% on capital."

"But it's so different that it earns 30% plus on capital, and it does not incur more risk in doing so than the banks that earn 13 or 14%."

"And the trick in life is to find, I mean in investing, is to find businesses that are going to earn high returns on capital for an extended period of time."

"A long period of time gets to be very important because those doubles later on are very big numbers."

That is a hurdle rate, and you can hold the next AI capex announcement against it the same day you read it.

His second condition is the harder one. Earning high returns for an extended period means somebody has to show the returns will hold, and almost every number that would show it for AI is published by the company doing the spending. When the entity being measured also runs the measurement, what you are reading is marketing.

Buffett has been able to check American Express against decades of audited filings. There is no equivalent for an AI model yet, and building it is the whole job.

- Warren Buffett, chairman of Berkshire Hathaway, on CNBC (@CNBC).