[HN Gopher] Berkshire Hathaway's Charlie Munger dies aged 99
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Berkshire Hathaway's Charlie Munger dies aged 99
Author : irtefa
Score : 67 points
Date : 2023-11-28 21:14 UTC (1 hours ago)
(HTM) web link (www.ft.com)
(TXT) w3m dump (www.ft.com)
| divbzero wrote:
| RIP. He would have turned 100 on New Year's Day.
| AndrewKemendo wrote:
| At one point as a young man and college economics major, I had a
| lot of respect for these types of people
|
| 20 years of living inside the grinder that is the
| financialization of everything, and it's clear that none of these
| financialists create value.
|
| They simply reallocate value to make wealth flywheels for the
| people who already have enough and continuing to be the mechanism
| which consolidates economic power.
|
| Good riddance
| abc_lisper wrote:
| I don't doubt your expertise, but don't financial people bring
| predictability to the world by assigning a value to everything?
| I agree, rich get richer, but 99/100 of cases, rich always get
| richer. See the pandemic for example - Govt tried to help the
| poor, but the rich made a killing.
|
| In anycase, I am interested to know why you think so, and would
| appreciate pointers to any reading.
| lotsofpulp wrote:
| > Govt tried to help the poor, but the rich made a killing.
|
| That might be because the government gave the rich much more
| money than the poor.
| tempay wrote:
| https://archive.is/Yc6d6
| darkest_ruby wrote:
| RIP Charlie,
| ChrisArchitect wrote:
| More over here: https://news.ycombinator.com/item?id=38451278
| needadvicebadly wrote:
| Genuine question: why is there such an outpouring of love for
| him? I know he was a very successful investor, but what beyond
| that has garnered him the adulation of so many people?
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