Originally Posted by
Tellafriend
This is all true, so i have wondered and researched for some time about why/what keeps us afloat and in fact, leading the world. The answer is that for now, we are still the best on the block. Give that a few moments thought about where our world will be in the next 20-40 years in all respects, socially, financially, culturally, etc, when the music stops and it all falls down.
I ask again, who is John Galt?
I have created a few posts recently about Charlie Munger of Berskshire Hathaway fame. I wrote that he has 3 holdings in his personal portfolio of $1.8b. What is the the world’s smartest long term investor doing with money? The man renowned for value investing. The man who capitalized on moments like these.
I post in my patented passive aggressive nonsense style but I most often am masking shit I really believe. The other times, I’m just trolling Druff.
I wrote how the old crank, Munger, held Costco. Drops mic.
I wrote now he held Himalaya Fund. China fund run by Li Lul.
I have trolled guys like abrown who still holds the boomer “we always bounce back” post war mentality. There were a few generations of special circumstance with manufacturing and consumption in the US. We can delve into that and why that ship has sailed.
China is making things. We sell them. I am buying some China. Salt it away.
We are an educated nation and are #1 with building consumer aggregator apps and online shopping. So is China. The rich Chinese kids own Boston’s night clubs and universities btw.
But they make shit. Their arc will run like ours eventually. I will be long dead before that happens.
If you want to argue models of governance - US vs China - I would wait on that cause. Now is not the time to make the case for the US.
Belly Buster can tell you about England. Nothing lasts forever. Unless you celebrate nostalgia like we do on PFA.
Boomers and such.