American Politics

[EihTooms]

Yeah, that is what Buffett said most investors should do because most investors are morons. If you can correctly calculate value, he did not recommend that.

https://www.businessinsider.com/warr...thesis-2010-12

In fact, Buffett poked fun at the efficient market hypothesis all the time.

People like yourself, fools who look at the market as a function of a president versus the Fed, are the kind of people Buffett was poking fun at.

This is arguably the most famous speech and important speech Buffett ever gave. It was his defense against being behind the curve in the dot com boom:

https://archive.fortune.com/magazine...9071/index.htm

To understand why that happened, we need first to look at one of the two important variables that affect investment results: interest rates. These act on financial valuations the way gravity acts on matter: The higher the rate, the greater the downward pull. Consequently, every time the risk-free rate moves by one basis point--by 0. 01%the value of every investment in the country changes. People can see this easily in the case of bonds, whose value is normally affected only by interest rates. In the case of equities or real estate or farms or whatever, other very important variables are almost always at work, and that means the effect of interest rate changes is usually obscured. Nonetheless, the effect--like the invisible pull of gravity--is constantly there.

Um, the USA military is not engaged in any war with any country anywhere for the first time in decades. Hasn't been for months and months. However, the USA military was last engaged in war for every minute of the Trump presidency, all four years of it.

But Trump's "brilliant", "smart" boyfriend is engaged in a losing war of his choice. Not helping his economy much either. Didn't Trump tell him what he knew about how war is bad for the economy? Maybe that's why Trump kept the USA military engaged in war throughout his entire presidency since all historical data going back about 100 years shows producing crap economic results appears to be the goal of Repub potuses regardless who their Fed Chairman is and what they do.

Maybe the Repubs' penchant for appointing / maintaing shitty Fed Chairmen is a function of their consistent goal to produce crap economic results. You could be on to something there.

Today the S&P 500 Index closed down just 10.75% from its all time record high achieved under Biden, the Wilshire 5000 Index closed down just 11.8% from its all time record high achieved under Biden, both being in low health-restoring Correction territory. The Dow, your favorite, closed down just 7. 8% from its all time record high achieved under Biden and that is merely in single digit sell-off territory.

The Nasdaq? Not many knowledgeable people would even think to reference what those 100 typically highly volatile stocks were doing as a meaningful measure for the overall USA stock market on a given hour so I didn't check.

[MarquisdeSade1]

Guess what? NBC News discovered the issue and called it out.

As opposed to FUX "News" whose own layers argued that nobody in their right mind should believe somebody like Tucker Carlson because he is full of shit.

Tell me something. If the majority of rightwingnut voters believe every word that Carlson says, doesn't that mean that none of them are in their right mind? https://www.findlaw.com/legalblogs/g...porting-facts/.

https://www.nytimes.com/2022/05/04/o...ection=Opinion

[Elvis 2008]

Buffett has long recommended that investors put their money in low-cost index funds, which hold every stock in an index, making them automatically diversified. The S&P 500, for example, includes big-name companies like Apple, Coca-Cola and Amazon.

Buffett previously told CNBC that for people looking to build their retirement savings, diversified index funds make the most sense practically all of the time.

"Consistently buy an S&P 500 low-cost index fund," Buffett said in 2017. "Keep buying it through thick and thin, and especially through thin.

Yeah, that is what Buffett said most investors should do because most investors are morons. If you can correctly calculate value, he did not recommend that.

https://www.businessinsider.com/warr...thesis-2010-12

In fact, Buffett poked fun at the efficient market hypothesis all the time.

People like yourself, fools who look at the market as a function of a president versus the Fed, are the kind of people Buffett was poking fun at.

This is arguably the most famous speech and important speech Buffett ever gave. It was his defense against being behind the curve in the dot com boom:

https://archive.fortune.com/magazine...9071/index.htm

To understand why that happened, we need first to look at one of the two important variables that affect investment results: interest rates. These act on financial valuations the way gravity acts on matter: The higher the rate, the greater the downward pull. Consequently, every time the risk-free rate moves by one basis point--by 0. 01%the value of every investment in the country changes. People can see this easily in the case of bonds, whose value is normally affected only by interest rates. In the case of equities or real estate or farms or whatever, other very important variables are almost always at work, and that means the effect of interest rate changes is usually obscured. Nonetheless, the effect--like the invisible pull of gravity--is constantly there.

So the Fed just raised interest rates, and it is taking huge amounts of credit off the table. So you talk Buffett but like with everything and you Eih, you just pick out the parts you want to hear.

Furthermore, political hacks like all you Dems cheering for war are oblivious to the effects war has on an economy. Faber wrote in his great book, Tomorrow's Gold that if you had $5 in 1000 and got a 5% annual return that today you would have more wealth than exists in the entire world today, and the reason a 5% return was not possible is mostly due to war.

This is something you dumb anti-Trumper's never get. Trump knew it and showed that he knew it. War is bad for the economy. I told you dummies Biden was looking for war since the first day he got into office and now we have these idiot Democratic Congressmen going to Ukraine and saying, "We will win this war." Unfuckingbelievable. Who the fuck is "we"? If you dumb Dems want to go fight in Ukraine, go volunteer and fight yourselves.

Biden is spending $30 billion on Ukraine's borders and $15 billion on our own.

[Elvis 2008]

More demagoguery please. Never give up.

To a dumb Dem like you, demagoguery are facts that go against the bullshit narrative.

In the 1930's, people like you were called Nazi-sympathizers. They lost, and so will you.

And now you are supporting the Nazis in Ukraine and against the Soviets / Russian who defeated the Nazis. Talk about demagoguery. Can you dumb Dems tell me who I am supposed to hate or who I am supposed to want go to war with? I am so confused.

This playbook was literally written in Orwell's 1984, and you are too stupid to see it.

[Elvis 2008]

I have told you numerous times what fund I am invested in at least 90% of my portfolio and even what the other 10% of my stock market holdings are in and that, although I am now fully invested in the market with those funds and did not sell any portion of my holdings all through and well before Biden took office. Thankfully.

Was that so hard?

This harkens back to the times when either you or one of your other blithering lost and confused winger Repub nics here would start your post with the subject line, "I agree with you" and then proceed to contradict everything I said. LOL.

In those cases I just wrote it off as your lame attempt at humor. I now recognize it as a continuing pattern exhibiting your hopelessly incurable mental illness. Seek help.

I asked you a question five times and you avoided and then you finally answered it. Your insults just prove that you did not want to answer the question.

No one ever says that they have lost money on the internet so once the market tanks, I anticipate you will be saying you sold it instead of riding the wave down, but it is worth noting you think the market is a good value here. Your mental capacity and Biden's seem to be one and the same. For you, that is a compliment.

[Xpartan]

Uh, Hitler zoomed through France in no time and in three months after declaring war on the USSR was on the outskirts of Moscow. Putin cannot even beat the poorest country in Europe. Does Putin have some super secret army to take over the rest of Europe no one knows about?

And yeah, I think it is a good idea to appease someone with nukes. Call me crazy.

We have no moral high ground with Vietnam and invading Iraq for WMDs and associating them with 9-11.

And you know that how? Do you think our media has talked to Putin and asked him why he invaded? Hell no. All we get this shit about Putin being a monster and wanting to restore the old USSR.

More demagoguery please. Never give up.

In the 1930's, people like you were called Nazi-sympathizers. They lost, and so will you.

[EihTooms]

Warren Buffett says monkeys could do as good a job investing as Wall Street financial advisors
May 2 2022

https://www.cnbc.com/2022/05/02/warr...mple-game.html

In case the link does not work for anyone here looking for some of the best advice available for succeeding in their long term investment goals re the stock market, this is the most important passage of that report:

Buffett has long recommended that investors put their money in low-cost index funds, which hold every stock in an index, making them automatically diversified. The S&P 500, for example, includes big-name companies like Apple, Coca-Cola and Amazon.

Buffett previously told CNBC that for people looking to build their retirement savings, diversified index funds make the most sense practically all of the time.

"Consistently buy an S&P 500 low-cost index fund," Buffett said in 2017. "Keep buying it through thick and thin, and especially through thin."

[EihTooms]

Dream on, pal. I could care less what you think about the market, and I put my cards on the table and told you what I have bought. There is no way in hell you could change my mind.

I want to show everyone that you are a liar or hypocrite. If you are a big Biden supporter, you would tell me what you have invested in, but you won't which shows everyone what you are, a gutless coward. If even a dyed in the wool political hack like you won't invest in Biden, why the hell should anyone else?

When the market crashes, I will go back to this post and show everyone how gutless you are. And when the market does crash, you will point to some bullshit metric and say it was the Republicans' fault. I wish I could invest in that, your being full of shit. Hell, even Buffett would get in on that action.

I have told you numerous times what fund I am invested in at least 90% of my portfolio and even what the other 10% of my stock market holdings are in and that, although I have moved in, out and back into the market in the past (not just "buy and hold" since the beginning) to very positive results, I am now fully invested in the market with those funds and did not sell any portion of my holdings all through and well before Biden took office. Thankfully.

This harkens back to the times when either you or one of your other blithering lost and confused winger Repub nics here would start your post with the subject line, "I agree with you" and then proceed to contradict everything I said. LOL.

In those cases I just wrote it off as your lame attempt at humor. I now recognize it as a continuing pattern exhibiting your hopelessly incurable mental illness. Seek help.

[DramaFree11]

Dream on, pal. I could care less what you think about the market, and I put my cards on the table and told you what I have bought. There is no way in hell you could change my mind.

I want to show everyone that you are a liar or hypocrite. If you are a big Biden supporter, you would tell me what you have invested in, but you won't which shows everyone what you are, a gutless coward. If even a dyed in the wool political hack like you won't invest in Biden, why the hell should anyone else?

When the market crashes, I will go back to this post and show everyone how gutless you are. And when the market does crash, you will point to some bullshit metric and say it was the Republicans' fault. I wish I could invest in that, your being full of shit. Hell, even Buffett would get in on that action.

Not a question of if, It will crash, the question is when, probably sooner, than later with Biden running the show. How they have screwed things up this bad in 1 year is mind blowing, so sad, but I hope they can get there act together soon and they prove me wrong. We will see.

[Elvis 2008]

At least one blithering lost and confused soul keeps begging me for financial advice and stock market prognostications

Dream on, pal. I could care less what you think about the market, and I put my cards on the table and told you what I have bought. There is no way in hell you could change my mind.

I want to show everyone that you are a liar or hypocrite. If you are a big Biden supporter, you would tell me what you have invested in, but you won't which shows everyone what you are, a gutless coward. If even a dyed in the wool political hack like you won't invest in Biden, why the hell should anyone else?

When the market crashes, I will go back to this post and show everyone how gutless you are. And when the market does crash, you will point to some bullshit metric and say it was the Republicans' fault. I wish I could invest in that, your being full of shit. Hell, even Buffett would get in on that action.

[MarquisdeSade1]

Night after night, the host of the most watched show in prime-time cable news uses a simple narrative to instill fear in his viewers: "They" want to control and then destroy "you. ".

A New York Times analysis of 1,150 episodes reveals how Tucker Carlson pushes extremist ideas and conspiracy theories into millions of households, five nights a week. He's done so since the beginning, but the show has gotten darker. Carlson, 52, has one of the largest megaphones in all of cable television. When President Donald Trump left office, Carlson filled the void on the right. Here's how the show works.

When you enter Carlson's world each night, you are among his 3 million-plus viewers and part of a Fox News audience that is 92% white and overwhelmingly older, according to Nielsen data. They are the "ruling class. " They threaten everything you believe in.

The New York Times' Pathetic Hit Job on Tucker Carlson Fails Miserably.

Accuracy isn't the point at America's benighted "newspaper of record."

By Carpe Diem.

May 2, 2022.

Last weekend, New York Times "political and investigative reporter" Nicholas Confessore disgorged more than 15,000 words in an effort to smear and vilify Fox News host Tucker Carlson and his viewers. Confessore's real goal, obviously, was to terrify Carlson's advertisers to withdraw from the highest-rated cable TV talk show in America. Carlson, Confessore and the Times want readers to think, is nothing more than a televangelist for "white nationalists."

Confessore offers not just one but three absurdly long and profoundly idiotic pieces to his Carlson hit job. The first story will suffice to get the flavor. That's where Confessore uses the word "racist" no fewer than 10 times to describe Carlson as a bigot who intentionally stokes "white resentment" for his more than 3 million viewers who are also supposedly "racist," and probably smelly, and poorly educated, too.

This is the same newspaper that covered up the Holocaust, ignored Joseph Stalin's manufactured famine that killed anywhere from 7-13 million people between 1932 and 1933 in Ukraine, and relentlessly smeared Ronald Reagan.

This is the same newspaper that accused Sarah Palin of being culpable for the 2011 shooting of USA Representative Gabby Giffords in Tucson, the same newspaper that won a Pulitzer Prize after spending two years falsely accusing Donald Trump of being a Russian agent, and the same newspaper that ignores and covers up Joe Biden's family corruption, mental and physical incapacitation, and destruction of our country as he opens our border to millions of illegal aliens, undermines the energy industry, and blows up our economy with disastrous inflationary spending.

Still, wretched track record and all, the attacks against Carlson were vicious and completely unwarranted.

According to the Princeton-educated and Pulitzer Prize-winning Confessore, Carlson, "has constructed what may be the most racist show in the history of cable news—and also, by some measures, the most successful. ".

Evidently, when someone who isn't a left-winger happens to be successful and has a large following, it must be because that person is a white supremacist.

Along with "racist," Confessore uses the phase "white nationalist" no fewer than 10 times in the first piece and suggests that Carlson "has adopted the rhetorical tropes and exotic fixations of white nationalists, who have watched gleefully from the fringes of public life as he popularizes their ideas. ".

In other words, millions of people don't tune in to Carlson's program because he's handsome, intelligent, hilarious, refuses to talk down to his audience, and has the courage to speak about issues other conservatives won't touch. Oh no, it's as simple as "racism sells. " Carlson is the white supremacist version of Ibram X. Kendi.

But Confessore wasn't finished with his brilliant analysis. (With all of those words, how could he be?) Carlson's show, he writes.

Teaches loathing and fear. Night after night, hour by hour, Mr. Carlson warns his viewers that they inhabit a civilization under siege—by violent Black Lives Matter protesters in American cities, by diseased migrants from south of the border, by refugees importing alien cultures, and by tech companies and cultural elites who will silence them, or label them racist, if they complain. . . Amid nationwide outrage over George Floyd's murder by a Minneapolis police officer, Mr. Carlson dismissed those protesting the killing as 'criminal mobs. '.

So according to Confessore's crack investigatory work, all of those things he listed are just imagery grievances. There is no reason for Americans to deplore the 2020 BLM riots that left 2,000 police officers blinded or injured, more than two dozen people dead, and property damage that reached $2 billion—the most expensive in insurance history. It defies all reason that black business owners wouldn't invite "fiery but mostly peaceful" protesters to incinerate their life's work and investment. Of course they would want to defund the police! Justice demands it!

The crisis at the southern USA Border must be a figment of Carlson's imagination. Have hundreds of thousands of illegal aliens from more than 100 countries poured across the border every month since Joe Biden took office? Well, sure. But let's pay no mind to the debate currently roiling the Democratic Party about the wisdom of ending Title 42, the COVID-era legislation that lets border officials immediately deport illegal aliens for health reasons. The old economic argument against unfettered immigration—an argument that certain Democrats embraced as recently as 2015—is simply "racism" now. There's no longer any reason for white, blue-collar workers to worry about illegal labor depressing wages and straining public welfare systems. And, of course, illegal aliens never, ever break the law.

At this point, you're probably wondering where Confessore's evidence is that Carlson is a racist. Well here it is: "Among the most frequent recurring characters on 'Tucker Carlson Tonight, Confessore writes, "are Black politicians like the Democratic congresswomen Maxine Waters and Ilhan Omar and Vice President Kamala Harris, whom Mr. Carlson has portrayed, against the available evidence, as a kind of shadow president. He regularly disparages Black women as stupid or undeserving of their positions."

Just so we're clear, Maxine Waters is not a corrupt and embarrassing dolt who gives special favors to her husband, who once called for violence against Trump officials, made a fool of herself in front of CEOs of America's largest banks, and who threatened more violence if jurors didn't reach the "right verdict" in the Derek Chauvin trial. No, actually, Waters is a delightful, smart, and ethically sound public servant!

The same is true of Kamala Harris. She's not a cackling, incoherent imbecile who speaks to her audience as if they have lower IQs than her own. She's actually done an impeccable job with handling the border crisis, and dealing with Ukraine, combined with her vast knowledge of foreign policy. And no, don't you dare believe for one second that she was picked for this job because of her skin color, even though that's exactly what her decrepit boss told us, or that she's advanced this far in her career because of her relationship with Willie Brown. No, according to Confessore, if you believe any of that, you're racist and sexist and that's all there is to it.

And the same is true of Ilhan Omar. She's not an ungrateful immigrant who bashes this country any chance she gets, or a raging anti-Semite. Like Watters and Harris, she is also warm and wonderful. Smear them and you're a white supremacist. Got it?

For Confessore, Carlson's greatest sin may be his refusal to accept the narrative that the events at the USA Capitol on January 6, 2021 was an "insurrection" and an assault on democracy. "Mr. Carlson has become the most visible and voluble defender of those who violently stormed the USA Capitol to keep Donald J. Trump in office, playing down the presence of white nationalists in the crowd and claiming the attack 'barely rates as a footnote' . . . Accuracy isn't the point on 'Tucker Carlson Tonight.'

As American Greatness senior contributor Julie Kelly has documented here and on her frequent appearances on Carlson's program, the only people who died on January 6 were unarmed Trump supporters—notably Ashli Babbitt, who was shot without warning at point blank range, and Rosanne Boyland, whose death the the. See. Coroner ascribed to an Adderall overdose. Carlson has rudely pointed out the federal government's double-standard in going easy on rioters who attacked and damaged federal courthouses in 2020 while keeping January 6 demonstrators charged with nonviolent offenses such as trespassing in solitary confinement ahead of their trials.

But accuracy isn't the point at America's benighted "newspaper of record."

Fortunately, Tucker Carlson is not going anywhere.

[MarquisdeSade1]

https://sputniknews.com/20220429/nat...095145039.html

Wait until a terrorist shoots down an American airliner!

[PVMonger]

{SNIP}
And you know that how? Do you think our media has talked to Putin and asked him why he invaded? Hell no. All we get this shit about Putin being a monster and wanting to restore the old USSR. {SNIP}

Who in their right mind would believe anything that Putin says anyway?

Putin told his own people that he invaded because he wanted to "de-nazify" Ukraine. That is as ludicrous as saying that the 2020 election was stolen.

Putin's own government as said that the "de-nazification" thing is true because Zelenskyy is Jewish and so was Hitler. That is as ludicrous as "Yo Semites".

Putin has also said that he believes that Ukranians and Russians are "one people" and that Ukrainians wanted him to invade. The latter part is as ludicrous as saying that the US Army took over the airports in the Revolutionary War.

Putin has said that he hasn't committed any "war crimes" and that it is all staged. That makes as much sense and saying that windmills cause cancer.

In the end, what does it matter what Putin says. He has told the truth as often as his pal, the Mango Mussolini.

[EihTooms]

Aren't there a couple of self-described financial advisors and others who pay serious money for financial advice here? At least one blithering lost and confused soul keeps begging me for financial advice and stock market prognostications and it appears he doesn't even know the critical inherent difference between stock market speculation, day trading, gambling, etc and long term investing.

Well, for those interested in long term investing for a solid, comfortable, fun and pleasurable retirement and future, I hear this Buffett fellow knows quite a bit about how to accomplish that. Probably more than anyone here, even me.

However, I did manage to sprinkle in a couple of safe haven shifts out of the market at or near the top right before a meaningful Bear Market decline and bought back in at or near the bottom right before the subsequent Bull Market Run over the decades. And that isn't exactly in line with Buffett's simpler "buy and hold a broadly diversified stock market Index fund" recommendation for most. But it worked out well for me anyway.

As always, YMMV.

Warren Buffett says monkeys could do as good a job investing as Wall Street financial advisors
May 2 2022

https://www.cnbc.com/2022/05/02/warr...mple-game.html

Legendary investor Warren Buffett calls investing a simple game that financial advisors have convinced the public is harder than it really is.

Speaking at Saturdays Berkshire Hathaway annual shareholders meeting, Buffett slammed Wall Street financial advisors for catching the crumbs that fall off the table of capitalism and said that in most cases, monkeys could provide better investment returns simply by throwing money at American companies.

You can have monkeys throwing darts at the page, and, you know, take away the management fees and everything, Ill bet on the monkeys (over the advisors), he said.

Buffett pointed out how since 1941, the Dow Jones Industrial Average has increased from $100 to more than $30,000, and said that most people need only put their money into an American business and let it grow..

[PVMonger]

https://www.newsmax.com/newsfront/nb...02/id/1068157/

Guess what? NBC News discovered the issue and called it out.

As opposed to FUX "News" whose own layers argued that nobody in their right mind should believe somebody like Tucker Carlson because he is full of shit.

Tell me something. If the majority of rightwingnut voters believe every word that Carlson says, doesn't that mean that none of them are in their right mind? https://www.findlaw.com/legalblogs/g...porting-facts/.