Speaking of Railroads

[rich]

I would also add what happens to all that power when Mr Buffett has passed on.

that's alot of power for someone else to inherit, even if it is the
Gates Foundation, who have been criticized for wielding an awful lot
of influence in global health without much oversight or
transparency--these folks set agendas and I wonder if they appreciate
the enormous effect they have in influencing many lives and
initiatives in the places like Sub-Saharan Africa. (or at least the
public outcry--I think they're getting the message)

rich


On Tue, Nov 3, 2009 at 5:36 PM, Page <page at quesnelbc.com> wrote:
> There is the underlying problem of using capital to generate more capital.
> Non-productive if ever there was such.
>
> Compared to many rich people, Buffett is a generous man. He gave loads of
> money to the Gates' Foundation -- 85% according to David Morris, and I have
> no reason to doubt the figure -- however, keeping 15% of billions upon
> billions of dollars is not at all generous. He most likely has given a great
> deal to charities, but he is still the second richest man roaming the face
> of the planet.
>
> Page
>
>
> ----- Original Message ----- From: "rich" <richard.romeo at gmail.com>
> To: "David Morris" <fqmorris at gmail.com>
> Cc: <pynchon-l at waste.org>
> Sent: Tuesday, November 03, 2009 2:12 PM
> Subject: Re: Speaking of Railroads
>
>
>> guess my point was the consolidation of power issue. so yeah, I don't
>> trust him either
>>
>> I'm not ready to give Obama any medals, either
>>
>> On 11/3/09, David Morris <fqmorris at gmail.com> wrote:
>>>
>>> Is your "he's a nice guy from Nebraska but what does his company do
>>> really? he buys other companies"  supposed to sound ominous (as the
>>> next line implies)?
>>>
>>> http://en.wikipedia.org/wiki/Warren_Buffett
>>>
>>> "Buffett is often called the "Oracle of Omaha"[8] or the "Sage of
>>> Omaha"[9] and is noted for his adherence to the value investing
>>> philosophy and for his personal frugality despite his immense
>>> wealth.[10]
>>>
>>> Buffett is also a notable philanthropist, having pledged to give away
>>> 85 percent of his fortune to the Gates Foundation. "
>>>
>>> He doesn't sound frightening to me.  He sounds like a caring, successful
>>> man.
>>>
>>>
>>> On Tue, Nov 3, 2009 at 3:38 PM, rich <richard.romeo at gmail.com> wrote:
>>>>
>>>> Buffett's Berkshire buying Burlington Northern RR
>>>>
>>>> Legendary investor Warren Buffett is making what he calls an "all-in
>>>> wager" on the U.S. economy -- $34 billion to buy a major railroad that
>>>> hauls everything from corn to cars across the country.
>>>>
>>>> he's a nice guy from Nebraska but what does his company do really? he
>>>> buys
>>>> other companies.
>>>>
>>>> The return of consolidated wealth and power is not only here it's
>>>> getting
>>>> mighty frightening
>>>>
>>>> rich
>>>>
>>>
>>
>
>
> --------------------------------------------------------------------------------
>
>
>
> No virus found in this incoming message.
> Checked by AVG - www.avg.com
> Version: 8.5.424 / Virus Database: 270.14.47/2478 - Release Date: 11/03/09
> 07:36:00
>
>
> No virus found in this outgoing message.
> Checked by AVG - www.avg.com
> Version: 8.5.424 / Virus Database: 270.14.47/2478 - Release Date: 11/03/09
> 07:36:00
>
>