Cardboard Posted November 3, 2020 Share Posted November 3, 2020 That is right. With Biden possibly winning the White House accompanied by Brutus who is working with the White Shirts, America could be seeing its last moment of freedom before a socialist coup. You think I am nuts? Well, history tends to repeat itself and considering Joe's age along with who he has chosen for running mate, who has a demonstrated history of doing whatever it takes to ascend to power, being most Liberal Senator and obviously in agreement with the White Shirts and their key leaders being the Squad, anything is possible. Cardboard Quote Link to comment Share on other sites More sharing options...
LC Posted November 3, 2020 Share Posted November 3, 2020 “You think I am nuts?“ Yes :D Quote Link to comment Share on other sites More sharing options...
Gregmal Posted November 3, 2020 Share Posted November 3, 2020 IDK, I think you're assigning a non zero probability to the event and definitely never heard of Putin. Personally I have the probability at .00783 with a margin of error or .063% and have decided to curb any investing activity until such tail risks disappear. Long cash. Seriously, I think Joe! will be ok provided he doesnt lockdown the country although I also think if he does lockdown the country there will be the mother of all stimulus packages drawn up well in advance. I'm not enthusiastic about a market with high valuations, deteriorating fundamentals, and incredible hostile and downright stupid political angles coming into focus, but I still think theres enough really nice, quality assets out there at reasonable valuations that I'm fine still playing ball. Like with a lot of things, any oversteps by team socialist can be rectified in 2 years. So I think they tread carefully. I also think they'll be quite positive for RE stocks which I currently am very overweight. Dont know if I'd be holding banks, and energy will definitely be tricky. EDIT: I'd add, short term, the risk is the lame duck session combined with rising covid cases, lack of earnings data from December until late January and company blackouts that span their largest annual period going into year end, coupled with year end selling. But thats all short term shit. Quote Link to comment Share on other sites More sharing options...
stahleyp Posted November 3, 2020 Share Posted November 3, 2020 Biden is so terrible that Buffett won't even vouch for him. And...Buffett actively campaigned against Trump 4 years ago! Quote Link to comment Share on other sites More sharing options...
adesigar Posted November 3, 2020 Share Posted November 3, 2020 Biden is so terrible that Buffett won't even vouch for him. And...Buffett actively campaigned against Trump 4 years ago! Or maybe it’s just that Buffett is 90 and we have this thing going around. Maybe you’ve heard of it. It called COVID-19. Quote Link to comment Share on other sites More sharing options...
Cardboard Posted November 3, 2020 Author Share Posted November 3, 2020 Maybe you have heard of phones, e-mails, letters and stamps? He is 90, just too dangerous to endorse Biden by any means. I am also certain that no journalist, what is her name? Becky and who else never asked him the question ::) Cardboard Quote Link to comment Share on other sites More sharing options...
Gregmal Posted November 3, 2020 Share Posted November 3, 2020 I actually heard Ursella from Little Mermaid stole Warrens voice...covid doesnt impair ones ability to endorse a political candidate....Covid, generally speaking, doesnt really impair ones ability to do anything. Just gives people a lot of excuses. Quote Link to comment Share on other sites More sharing options...
stahleyp Posted November 3, 2020 Share Posted November 3, 2020 Biden is so terrible that Buffett won't even vouch for him. And...Buffett actively campaigned against Trump 4 years ago! Or maybe it’s just that Buffett is 90 and we have this thing going around. Maybe you’ve heard of it. It called COVID-19. Sure, you can believe that if you want. I mean, I'm pretty sure you can't catch covid from the phone? https://www.cnbc.com/2020/10/14/joe-biden-tells-donors-he-just-spoke-with-warren-buffett.html Don't you think that if Buffett gave his blessing, Biden would be running with that? Do you think it's more likely that Buffett is afraid to catch covid via a phone call or do you think that Buffett thinks that Biden is not a good candidate? Quote Link to comment Share on other sites More sharing options...
LC Posted November 3, 2020 Share Posted November 3, 2020 Perhaps a revisiting of the psychology of misjudgment posts is in order. I think another point is Buffett may not want to make political recommendations during the year of a pandemic and where each candidate represents (rightly or not) radically different COVID plans. E.g. what if Buffett backs Trump, then there’s a third wave and millions die? Or if he backs Biden who shuts down the economy and millions are unemployed? Quote Link to comment Share on other sites More sharing options...
Mephistopheles Posted November 3, 2020 Share Posted November 3, 2020 Or maybe Buffett has the shrewd understanding that backing Biden publicly may hurt him more than help. Quote Link to comment Share on other sites More sharing options...
Spekulatius Posted November 3, 2020 Share Posted November 3, 2020 Or maybe Buffett has the shrewd understanding that backing Biden publicly may hurt him more than help. Backing any candidate would hurt him more than it helps. It would be currently a no win situation to back anyone. Better be quiet and let this blow over and get on with business. Quote Link to comment Share on other sites More sharing options...
Cardboard Posted November 3, 2020 Author Share Posted November 3, 2020 So backing Obama and Hillary was a major mistake? Cardboard Quote Link to comment Share on other sites More sharing options...
Parsad Posted November 3, 2020 Share Posted November 3, 2020 “You think I am nuts?“ Yes :D Borderline psychotic...no smiley face! That being said, I think regardless of who wins, there will be protests, violence and the potential for significant damage/casualties by some nut job...probably not related to Cardboard! :D Cheers! Quote Link to comment Share on other sites More sharing options...
Cardboard Posted November 3, 2020 Author Share Posted November 3, 2020 You guys overplay Trump dictatorial potential while you completely ignore how dangerous the Left has become and potential for them to take over. My prediction: there will be next to no rioting. Maybe a few isolated cases but, that is it. I fear much more politicians Leftist extremists who have gotten out of control. Cardboard Quote Link to comment Share on other sites More sharing options...
Parsad Posted November 3, 2020 Share Posted November 3, 2020 You guys overplay Trump dictatorial potential while you completely ignore how dangerous the Left has become and potential for them to take over. My prediction: there will be next to no rioting. Maybe a few isolated cases but, that is it. I fear much more politicians Leftist extremists who have gotten out of control. Cardboard If the left is so dangerous, and there have been plenty of left administrations in the last 20 years...how is it that the U.S. is still the dominant military, economic power in the world? How is it that the 4 largest and most powerful tech companies in the world are all U.S. companies? How is it that the U.S. universities/colleges are still the best in the world and have the largest endowments? How is it that U.S. total wealth continues to rise relative to foreign households? The U.S. democratic capitalist system was created so that governing administrations would have a difficult time screwing it up. Quality of life continues to rise in the U.S. and it will continue to do so, regardless of pessimists and party extremists. Cheers! Quote Link to comment Share on other sites More sharing options...
Cardboard Posted November 3, 2020 Author Share Posted November 3, 2020 If you believe at all in what you have written, then why did you keep complaining for 4 years while it didn't matter? Cardboard Quote Link to comment Share on other sites More sharing options...
rkbabang Posted November 3, 2020 Share Posted November 3, 2020 Joe won't be a disaster, if he stays in office for the entire term and keeps a reasonable percentage of his mental capacity. Harris is a nightmare. My biggest fear is that he doesn't make it or that they (Harris, Pelosi, et al) remove him. Quote Link to comment Share on other sites More sharing options...
stahleyp Posted November 3, 2020 Share Posted November 3, 2020 I don't think the liberals here quite understand how far left Biden has become. Personally, I voted for Obama in 2008. I didn't vote in 2012 or 2016. If I would have voted in 2016, I would have voted for Clinton. So, I have some left leaning tendencies (fighting wealthy inequality and environmental protection) but the Democrats are no longer that party. From the earlier article: "Buffett hasn’t contributed to Biden’s campaign for president this cycle, according to the nonpartisan Center for Responsive Politics. He has, however, given to the Democratic Congressional Campaign Committee and Democratic Arizona Senate candidate Mark Kelly’s campaign." So, Buffett is neither campaign for, nor endorsing, nor contributing to Biden's campaign. Quote Link to comment Share on other sites More sharing options...
LC Posted November 3, 2020 Share Posted November 3, 2020 So, Buffett is neither campaign for, nor endorsing, nor contributing to Biden's campaign. What about Trump? Quote Link to comment Share on other sites More sharing options...
Spekulatius Posted November 3, 2020 Share Posted November 3, 2020 People really need to chill for a while. Regardless of who wins, we will wake up tomorrow and nothing in our lives will change. I am personally chilling a nice bottle of wine and will pop it tonight and enjoy the show. Quote Link to comment Share on other sites More sharing options...
Gregmal Posted November 3, 2020 Share Posted November 3, 2020 LOL I just went to vote and found out that its all paper ballots unless you are disabled....granted, I'm in a state where it doesnt matter, but none of this will be sorted anytime soon. Now Im off to go striper fishing on the boat. #priorities. Quote Link to comment Share on other sites More sharing options...
stahleyp Posted November 3, 2020 Share Posted November 3, 2020 So, Buffett is neither campaign for, nor endorsing, nor contributing to Biden's campaign. What about Trump? Why would Trump support Biden's campaign? ;) Quote Link to comment Share on other sites More sharing options...
adesigar Posted November 3, 2020 Share Posted November 3, 2020 So, Buffett is neither campaign for, nor endorsing, nor contributing to Biden's campaign. What about Trump? Why would Trump support Biden's campaign? ;) Because he knows who the better candidate is. ? Quote Link to comment Share on other sites More sharing options...
Parsad Posted November 3, 2020 Share Posted November 3, 2020 If you believe at all in what you have written, then why did you keep complaining for 4 years while it didn't matter? Cardboard While Trump isn't going to hurt the U.S. domestically long-term, he is doing damage to global relationships and partnerships. He is corrupt and should be in prison. He has been placing his family in positions of power through nepotism. He's hurting the U.S.' global reputation. Cheers! Quote Link to comment Share on other sites More sharing options...
stahleyp Posted November 3, 2020 Share Posted November 3, 2020 So, Buffett is neither campaign for, nor endorsing, nor contributing to Biden's campaign. What about Trump? Why would Trump support Biden's campaign? ;) Because he knows who the better candidate is. ? Biden might very well be the better candidate. But some of his far left policies are insane. Quote Link to comment Share on other sites More sharing options...
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