December 17th, 2016

Иван Дурак

Charles Smith, "The Destabilizing Truth: Only the Wealthy Can Afford a Middle Class Lifestyle"

The "middle class" has atrophied into the 10% of households just below the top 10%.

The truth is painfully obvious: a middle class lifestyle is unaffordable to all but the top 20%
This reality is destabilizing to the current arrangement, i.e. debt-based consumerism a.k.a. neofeudal state-cartel capitalism, so it is actively suppressed by the officially sanctioned narrative: that middle class status is attainable by almost every household with two earners (a mere $50,000 annual household income makes one middle class) and middle class wealth is increasing.
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Иван Дурак

50 best things Warren Buffett told investors (over 50 years)

Memorable quotes from past letters to shareholders

It’s been 50 years since Warren Buffett — a.k.a. the Oracle of Omaha — took control of Berkshire Hathaway and turned a sleepy textile company into a powerful conglomerate with multiple businesses and investments.
And that means it’s been 50 years since Buffett started writing his annual letter to shareholders.

The 2014 edition — the epistles always refer back to the previous year — gives us the perfect excuse to review all 50 letters and find 50 of the most memorable quotes from them.

Keep in mind that Buffett’s early letters — some of which were not actually signed by him — featured little more than straightforward accounts of Berkshire’s finances.
But by the late 1970s, the oracle started, well, oracle-ing, offering pointed, humorous and sage-like commentary on the markets.
And along the way, the cost-conscious billionaire wasn’t afraid to make fun of himself (and his one indulgence — namely, a private jet).

Read and enjoy.Collapse )