Trump 2.0

[jack_lord]

It'll be interesting what the King of investing i.e. Warren Buffet will say at both his annual shareholder presentation and the open-mic question and answer session to 'Berkshire Hathaway' shareholders on May 3rd.
This is 'THE' guy who has seen it all from WW2 onwards, when he started investing as an 11 year to become a 94 year old with an accumulated $167.6 Billion fortune. This guys opinion(s) are the most valid of the lot.

He will see it as an act of war.

 

[J_B]

He will see it as an act of war.

Which is something he's said repeatedly in the past.

 

[jack_lord]

There’s such a myth about manufacturing dying in 80s. It’s simply not true.

Manufacturing grew but at much slower pace than services.

All advanced economies have moved up the value chain which has meant an increase in services as a proportion of the economy.

High-tech manufacturing is a strong area for the UK eg aerospace, pharmaceuticals

It’s the same across the west. The more labour intensive old cheap labour has yes moved largely overseas and jobs have been lost due to robotics which is only going to increase.

So this idea that by having tariffs we’re going to have a load of manufacturing jobs eg textiles coming back to “home” is for the birds. Unless we’re willing to dramatically change our living standards. But how many times do the people who complain about this stuff buy cheap foreign crap? It’s not just Governments it’s individual choices.

Tariffs harm everyone, especially in a modern global economy.

Curious on this one - what stats are out there that show manufacturing grew because deindustrialization is very very well documented.

 

[Niigata Jack]

There’s such a myth about manufacturing dying in 80s. It’s simply not true.

Manufacturing grew but at much slower pace than services.

All advanced economies have moved up the value chain which has meant an increase in services as a proportion of the economy.

High-tech manufacturing is a strong area for the UK eg aerospace, pharmaceuticals

It’s the same across the west. The more labour intensive old cheap labour has yes moved largely overseas and jobs have been lost due to robotics which is only going to increase.

So this idea that by having tariffs we’re going to have a load of manufacturing jobs eg textiles coming back to “home” is for the birds. Unless we’re willing to dramatically change our living standards. But how many times do the people who complain about this stuff buy cheap foreign crap? It’s not just Governments it’s individual choices.

Tariffs harm everyone, especially in a modern global economy.

There’s no myth about manufacturing dying, Sony, Fords and now Tata steel making plus loads of others that have gone, so to say it’s a myth is not true, as much as you would like it to be.

 

[Itchysphincter]

There’s no myth about manufacturing dying, Sony, Fords and now Tata steel making plus loads of others that have gone, so to say it’s a myth is not true, as much as you would like it to be.

It’s not tariffs for tariffs sake, he’s trying to weaken the dollar as he believes an artificially strong dollar restricts inward investment to America. It’s been a long held belief of his and it remains to be seen if he is right but it strikes me as a crude and simplistic view. He wants to go back to a time when businesses, factories and plants ran towns and employed the local folk who then had to spend their earnings in company owned strip malls.

 

[Niigata Jack]

It'll be interesting what the King of investing i.e. Warren Buffet will say at both his annual shareholder presentation and the open-mic question and answer session to 'Berkshire Hathaway' shareholders on May 3rd.
This is 'THE' guy who has seen it all from WW2 onwards, when he started investing as an 11 year to become a 94 year old with an accumulated $167.6 Billion fortune. This guys opinion(s) are the most valid of the lot.

He can afford to shop at Tesco’s then

 

[Wing_Stand_Wood]

He can afford to shop at Tesco’s then

He could buy it, along with ASDA and Sainsbury's. This years Berkshire Hathaway AGM is going to be extremely interesting, in fact (100% serious!) if it was being held at Swansea Arena I would happily pay £100 for a ticket.
One thing that will sadly be missing however will be the presence of Warren Buffett's number two i.e. Charlie Munger (passed away aged 99) who was the Brian Clough/Bill Shankly of the investment world.
He was outrageously outspoken and funny, whilst forming an on stage 'double-act' presentation. Buffett was the good cop, Munger the bad cop.

 

[exiledclaseboy]

Roger Irrelevant is off again. He’s completely hatstand.

 

[Wing_Stand_Wood]

Interesting this one, talk of Cambodia dropping its tariff to 5%. Will many tariffs be renegotiated ?
https://www.khmertimeskh.com/501665...5-tariff-bound-rate-to-5-applied-tariff-rate/

 

[Wing_Stand_Wood]

Which is something he's said repeatedly in the past.

What'll be interesting is "will he buy the dip", when and with what companies?
And how does he see the future of the world economy. And what are his opinions on what others are doing. The situation is fluid and can change from one direction to another, that'll make things even more intriguing.

 

[jack123]

Roger Irrelevant is off again. He’s completely hatstand.

I know I shouldn’t, but I have to ask, what does completely hatstand even mean, I’m assuming it’s derogatory, but I’ve never heard that before.

 

[jack_lord]

I know I shouldn’t, but I have to ask, what does completely hatstand even mean, I’m assuming it’s derogatory, but I’ve never heard that before.

google is your friend

 

[jack_lord]

google is your friend

I am assuming it is not the one where the partner jumps on

 

[jack123]

google is your friend

And so it is, hmm crazy or insane. Learn something new everyday, not once have I heard that said before, I wonder where it originated it from? It doesn’t even make sense.

 

[jack_lord]

And so it is, hmm crazy or insane. Learn something new everyday, not once have I heard that said before, I wonder where it originated it from? It doesn’t even make sense.

I'd never heard of it but my wife is completely hatstand