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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: PhoolishPhilip   😊 😞
Number: of 21943 
Subject: Re: SVB bailout
Date: 03/20/23 11:57 PM
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No. of Recommendations: 2
'So yeah, I'm OK with a system that doesn't punish the VCs for failing to be better than the regulators at figuring out a bank is heading into trouble.'

We keep changing the rules to keep the wealthy wealthy. I'm not okay with that even if it means VCs lose because their bets can't make payroll. They gambled and lost, except they didn't because'backstops for the idiot rich.

Our system inches closer and closer to a political economy of class preservation. It's no wonder so many billionaires have lost confidence in democracy. It's a potential threat to the political preservation of their wealth. Just ask Macron.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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