Sunday, December 21, 2008

Warren Buffett, the man

Warren Buffett (born 1930) made his billions (and became the second richest man in the world after Bill Gates) from the success of the companies held by his investment vehicle, Berkshire Hathaway, a publicly quoted company. He has described the extent of his involvement in these companies as being limited to the allocation of capital and people. “Charles T. Munger, Berkshire Hathaway’s vice-chairman, and I really have only two jobs,” he once said (Charles T. Munger being his long-time closest associate). “One is to attract and keep outstanding managers to run our various operations. The other is capital allocation.” That includes setting the compensation of the chief executive.

Saturday, December 20, 2008

American lives vs others

It Seems To Be: While The USA has spent about half trillion dollars and lost about more than 4000+ lives to hope for bringing democracy and liberty for Iraq! In the return, Iraq has offered USA with a pair of shoes hurling toward a leader of a nation recently! and willing to send all US soldiers home without a word of appreciation! In summary,it seems to be this is a big waste of lives and money to give to these thankless folks! And sadly, the heart-breaking videos have shown countless Americans have suffered at home! lost of houses and being kicked out of apartments due to they lost their only job to pay rents and morgages! IT IS VERY SAD TO ALL AMERICANS WHO HAVE TO FACE THE UNKNOWN FUTURE AT HOME! THE USA MUST THINK TWICE TO GO OUT TO HELP THE REST OF THE WORLD WHILE AMERICANS ARE LEFT ALONE IN THE COLD! AND THESE CITIZENS WHOM WHO ARE THE TAX-CONTRIBUTORS TO THE NATION! THE WORLD ALWAYS HAVE ZILLIONS OF PROBLEMS TO BE ASSISTED AND NO ANY NATION CAN HELP THEM ALL!!!