Post #1344 by PhoolishPhilip on the Berkshire Hathaway board

Please be patient and understanding when interacting with others, and avoid getting frustrated or upset if someone does not respond to your posts or if a discussion does not go as you expected. Remember that everyone is entitled to express their own perspectives. Furthermore, even when you don't entirely agree, try to benefit in some way from it.

- Manlobbi

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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'So yeah, I'm OK with a system that doesn't punish the VCs for failing to be better than the regulators at figuring out a bank is heading into trouble.'

We keep changing the rules to keep the wealthy wealthy. I'm not okay with that even if it means VCs lose because their bets can't make payroll. They gambled and lost, except they didn't because'backstops for the idiot rich.

Our system inches closer and closer to a political economy of class preservation. It's no wonder so many billionaires have lost confidence in democracy. It's a potential threat to the political preservation of their wealth. Just ask Macron.

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