No. of Recommendations: 6
Of course we want to hear more from Buffett, he's always been a source of reason in crazy times, but I'm not sure we're actually entitled to more. IMO today's crazy times are at least 80% due to politics, maybe 20% due to AI, but we know AI would go in Buffett's "too hard pile".
We heard in this special that Buffett shies away from political talk now, and that it isn't going to change even though he handed over the reigns to Abel. Why? Because he's forever associated with Berkshire Hathaway, and anything he says is interpreted as having come from the Company itself. And specifically because it's unfair to customers of Berkshire Hathaway subsidiaries, and it's unfair to employees of Berkshire Hathaway subsidiaries in today's bifurcated tribal political environment.
So besides politics, and actions by politicians since May 2025, what's different that requires a reaction to nanoscale news?
Hard agree on it being difficult to spend the money in 10 years. The point was made that they will need to be looking at $300 million checks, and that necessarily limits them to large NGO's and countries. I think Peter made the point that they'd rather not give to at least one of those.
