You should be kidding… that person had consistently bad take, faulty logic, etc… not on one or two issues, or just a philosophically but on most issues over a decade. His only saving grace is Berkshire.
Yet, the masses of old “Berkshire” eat up everything he threw… some of his famous lines like “Debt doesn’t matter in enterprise value calculation” or “sale and leaseback is fraud” and when I pointed out Berkshire does it, Berkshire is a honest company and Amazon is a fraud… i can go on…
Correct and that is why Biden’s industrial plan makes more sense than anything else. Raising corporate taxes on top of that would be the best of all worlds.
Would get it all back when Canada becomes 51st state!!! 
More likely Canada could buy a bunch of US states from the current administration. Give it time for the US economy to fall so far, this failed US govt would sell anything.
This is the important part to me, probably because it mirrors what I think and have been saying:
(1) The US has moved too far along the spectrum of being uninvestable, like China. Not a stable regulatory/tax environment, capricious changes in the financial landscape, massive holes in the rule of law. (I suspect that the zone has been flooded sufficiently that some pretty dire developments have escaped the notice of many). That means an unacceptably high risk of unacceptably bad outcomes unrelated to the businesses themselves: wealth protection.
Our leadership has gotten too wackadoodle. It’s a highly technical term that implies unpredictability and a tendency to do things because it’s fun, rather than because it is what is good for the country. Others who have been following the is TSLA doomed threads will note that I refer to this very term in explaining why even back in 2018 I refused to invest in that company. I want my money invested in an entity that is logical and there is some prayer of, well, not having to depend on prayer for it to succeed.
Things are different this time.
IP,
who doesn’t invest in China either
The key to innovation is immigration. Note that Google, Nvidia, Microsoft and Tesla currently have immigrant CEOs.
The impact of immigrant entrepreneurs is very broad:
The majority of U.S. unicorns—private startups worth more than $1 billion—have at least one immigrant founder, according to the National Foundation for American Policy (NFAP). https://www.visualcapitalist.com/immigrant-founders-us-billion-dollar-companies/
About 45% of the Fortune 500 were started by new immigrants or their children. People willing to move to a new country for greater economic opportunity have personality traits that America needs.
Spotify was founded in Sweden in 2004 from scratch.
In my opinion, US is the ONLY country that is investable. Government is shrinking, fiscal situation is healing, regulations are reducing, innovation/AI is paradigm shifting.
India, Argentina is headed in the right direction.
Russia and Ukraine are going to prosper in next 5 years.
Most of the developed world (EU countries) is too socialistic or has deep demographic / immigration problems.
Maybe the East Coast states will secede and become Canadian provinces?
It sounds like at sometime you hit the little frowny face, probably accidentally, by his name. Scroll to the bottom of the screen at shrewd and click on “personal setting” then click on “reveal ignored publishers”. If he is there, uncheck his name and you should be able to see his posts. If that doesn’t work, I’m at a loss.
that fixed it. thanks
The Draghi report came out in September 2024 (and written earlier) when the market cap of Spotify was 70 billion.
DB2
Nope
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I am primarily out of US stocks. My euro stocks are in US based ETFs.
I am not a fan of Europe (as a long term investment). That doesn’t mean I can’t see or seize on an opportunity when I see one.
I am also not a fan of Tesla (as a long term investment) but I have owned it three different times in the last decade when I thought it made good sense to buy it. I am close to being a tesla “trader” again.
The rule of law, which protects your property rights, is receding.
Trump border czar defends deportation flights: 'I don’t care what the judges think’
Steve
We have an administration openly violating the Constitution. Openly disobeying the courts. And yet some are cheering this on…
The vast majority of recent immigration to the USA is from places that connect to our southern border (either directly or via Mexico). So mostly from South and Central America. Of the statistics you mention about immigrants being founders of large and important companies, what percentage of them (or their parents) immigrated from South/Central America? The lists at the link seem to indicate that the vast majority of these very successful founders come from the eastern part of the world, mostly from Asia (India is located in Asia too).
We are talking about investments. Investments are property. Without the rule of law, “property rights” are the prerogative of the biggest bully on the block.
Here is another tidbit. As offered before, conflict of interest is apparently a “traditional American value”.
Commerce Secretary’s firm upgrades Tesla.
Steve
Yes, the biggest CEO’s have come from other areas because the lure of CEO salaries in the US is enormous compared with the rest of the world. And, I should think it goes without saying that there’s at least some relationship between “willing to move to a new country” and “willing to take big risks”.
I’d also not that most entrepreneurs who come from Latin countries are the dispossessed, are often without highly marketable skills, and so are forced to become (so-called) entrepreneurs because they can’t really get a corporate job or be hired anywhere except as a dish washer.
So we get “landscape” companies, Chinese restaurants, Vietnamese nail salons, and similar - all small businesses that can be started with modest training, if any, and almost no capital. Pointing at “Fortune 500” immigrant CEOs really takes a narrow view of what lies behind the problem/opportunity. Immigrants are often motivated, self starting people who have no other choice but to start a business of some kind.
I don’t remember those, but I do remember him beating the drum for Dollar General a few years back. I bought a slug and made a nice 50% profit in short order.
It’s partly political. He’s concerned about the ability to repatriate foreign investments given the chatter emanating from a certain House of White about taxing foreigners who invest here. Yes, he is also concerned about the absence of fidelity to the rule of law, the endless destabilizing pronouncements, the ridiculous cabinet appointments and the march toward autocracy, but mostly, I think, it’s about his status as a former Canadian now living in Monaco and what could be his inability to latch hold of his money should the political opportunism get out of hand. Me too, and I live here 