Post #433 by UpNorthJoe on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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Gift article from NYT:

The Dollar Still Has Its Mojo. X, Not So Much.

https://www.nytimes.com/2024/11/18/opinion/columni...

> By a network I mean a social arrangement held together by what economists call [network externalities] — situations in which people find it convenient to engage in some activity because many other people are doing the same thing. A commonplace example is the long-running dominance of [Excel spreadsheets]; I don’t know anyone who loves Excel, but businesses keep using it largely because everyone else is using it. > A less mundane example — indeed, one wrapped in a lot of mystical thinking — is the international role of the dollar.

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Good to hear that X-Twitter has some competition. I have never been on X-Twitter, as I've
learned from FB that I really don't like reading the random thoughts of strangers who think they know everything. There are a few posters here on Shrewd-dom that I never read, as I don't
want to pollute my mind with the garbage they spew.

And as far as Dollar Dominance, I always thought that was a function of the US Military
dominance. Isn't the US Navy mostly responsible for keeping the world's shipping channels open,
which allows oil to be shipped uninterrupted across the Globe ?
Let the US Military presence shrink, and things might change drastically.
( those r just W.A.G.'s on my part, I know nothing,lol )

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