Subject: Re: Now that Trump and Musk are at
“The US has been the best place in the world to invest for a century, but I’m starting to hear investors question whether US exceptionalism is a little less exceptional, and think about whether to position their portfolios accordingly,” Howard Marks

Warren comes to mind, his "Invest only in companies which will survive even when run by an idiot --- because at some point in time this will happen". Not looking up the quote this surely is not literal, but you know what's meant. Just replace "company" by "country".

Btw: I do NOT hereby say Trump is an idiot. It´s not a comment on the person, but on the turmoil and the reputation of the US he and Musk create.


The real lesson: Power + money is such a dangerous mix that societies should limit how much one person/company can get:

a) I never understood the US political system which requires to be filthy rich to be able to come to the top, and/or to bend to other filthy rich ones (and their wishes!) to support your campaign with their money. Now I finally KNOW that the in this respect very different European political systems are indeed not only more democratic, but less dangerous.

b) All this is an illuminating example why it should not be possible for one single person to become so filthy rich, whether his name is Trump, Musk, Zuckerberg, Thiel, Gates, Buffett or whatever. Mountains of money = Power and influence unlimited --- in the hands of ONE single person!
And the same goes for companies which should not be allowed to become too large and thereby too powerful and influental, whether their names are Facebook, Google, Amazon, Pfizer, J&J, Berkshire ........