Interesting Article from the Oracle of Ohama

I'll paraphrase for you...

"I'm buying all stocks, and if you do too, they'll all go really way up. And at my age, I don't have 20 years to wait for that." - Buffet

"Who's with me? Let's goooooooooooo...." - Bluto

Buffett thinks he should pay more taxes on his spending income, not gross income. His message is not hypocritical, you just aren't comprehending it correctly.

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Because many people listen? Because he can single handedly move the market (atleast some)?

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Oh I agree he can move the market and has quite a following. No question about that. However, he has reached some sort of status as if every word of opinion out of his mouth is deemed undeniable fact. He has made good calls and bad ones (obviously more good then bad)... people just need to think for themselves a little more IMHO

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Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.

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So Buffett is saying the government actions will lead to inflation, which was my uninformed opinion as well. I remember a thread a few weeks back where some were suggesting that we were likely to see deflation... is that still the opinion of most here? Or have the governments actions made that unlikely at this point?

Also, what are the chances that wages will more or less keep pace with the predicted inflation?

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Buffett thinks he should pay more taxes on his spending income, not gross income. His message is not hypocritical, you just aren't comprehending it correctly.

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I can comprehend when someone says he should pay more in taxes and does not. Calculating a MINIMUM tax liability does not mean that is all you can pay. He is a big boy, he knows that... yet seems to conveniently ignore it along with his other 'we want to pay more' friends. Right the check or you are a hypocrite.

He has the power to pay to the penny what he wants to as long as it is above his minimum tax liability.

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I hope it works as well for him as his silver play years back.

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Was the silver play the Hunts or Buffet? Or are you referring to a different silver play than the one in the 1979-1980 time frame? I think that one cost the Hunts a bundle.