Berkshire Avoids Troubled Bond Insurers
“We could have some kind of insurance transaction with them, but we will not be investing in them or any other bond insurer”
Troubled bond insurers shouldn't expect any financial backing from Warren Buffett's holding company. via International Business Times
Join the discussion below, or Read more at International Business Times.
#1 Feb 6, 2008
No money for bond insurers and the thousands of people who depend on them for both a livlihood and their pensions, however Buffett thinks a better investment is donating a good chunk of his $30 billion charitable cache in places like Africa where graft is rampant and people are mudering each other.
#2 Oct 25, 2008
Who are the "grafts"? If you trace your history, you will find that "murder" (not muder) is just how the original source of your wealth was acquired. Anthropology has proven that all people originated from Africa. Who is it that owns anything so that they assume the authority to judge what to do with wealth? One speaks from their default logic. Your default logic is bad. Warren Buffet has come to realize that we don't own that which we really haven't earned. You are most likely just another lucky person who has been provided with original opportunity through no credit of your own. The only thing that we own is the truth of our behaviour regarding other human beings. Philosophically, we are only stewards of things or resources. The only people on this planet who have earned anything are those who have worked to build resources from scratch without war or dominance. Everything that the so-called "first world" enjoys came from "murder" not from work. Truth is found in history, not debate; the so-called "first world" exists only because of murder. History is replete with examples of this; from the decimation of the Native American to the African slave trade to the Opium Wars. Warren Buffet, Bill Gates, and others understand the same thing that many people -- many, by their deathbed statements -- have come to understand; that we have an a priori imperative to be humane stewards.
#3 Dec 8, 2009
As a species it is innate that we should use murder to acquire resources we want or need. No shame in it at all. The apologists out there think they are the next evolution, but unless we all go vegan til the end of time, we will be murdering beasts for ever more. This murdering cycle in some ways proves our mettle and worth in living on. Once we cannot do it, we'll find that we are the ones that will become extinct.
#4 Apr 20, 2010
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