Being compared to Warren Buffett is seen as a compliment, but it can also be seen as a curse.
The root of the curse may lie in the fact that Warren Buffett displays legendary patience to let his investments mature and compound for years, a trait that is hard to come by in a frenetic market full of FOMO. When someone like Sam Bankman-Fried shows up and starts building a multi-billion dollar fortune in a short period through crypto, what can go wrong?
How the media created the myth of Sam Bankman-Fried
Over the past two years, Bankman-Fried cultivated the media lavishly, if not carefully. Drawing on what then seemed like an unlimited pool of cash, SBF (as we’ll call the mythologized version of the real person) dispersed investments, advertising dollars, sponsorships, and donations to key news outlets—including ProPublica, Vox, Semafor, and The Intercept—with extraordinary effectiveness.
Read the full article at: www.tabletmag.com
In separate – and far more provocative -comments made earlier in the day during a JPMorgan investor seminar where he led a fireside chat moderated by JPMorgan’s Gergana Thiel, Dimon made some extremely outspoken comments which, however, you won’t hear on the mainstream media, telling a small group of listeners that was closed to the press that the “President of the United States needs to stand up and say we may not meet our 2050 climate objectives because this is a fucking war”.
He also said “time to stop going hat in hand to Venezuela and Saudi and start pumping more oil & gas in the USA”
Read the full article at: www.oilandgas360.com
If we make sure that no one is better than anyone else at anything, then we lose the gift of genius among us.
The year was 2081, and everybody was finally equal. They weren’t only equal before God and the law. They were equal every which way. Nobody was smarter than anybody else. Nobody was better looking than anybody else. Nobody was stronger or quicker than anybody else. All this equality was due to the 211th, 212th, and 213th Amendments to the Constitution, and to the unceasing vigilance of agents of the United States Handicapper General.
Read the full article at: chroniclesmagazine.org
The ‘conscious capitalism’ innovator on overregulation, COVID mandates, and why he will be speaking his mind much more freely when he retires.
“They’re marching through the institutions. They’re…taking over education. It looks like they’ve taken over a lot of the corporations. It looks like they’ve taken over the military. And it’s just continuing. You know, I’m a capitalist at heart, and I believe in liberty and capitalism. Those are my twin values. And I feel like, you know, with the way freedom of speech is today, the movement on gun control, a lot of the liberties that I’ve taken for granted most of my life, I think, are under threat.”
Read the full article at: reason.com