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yndoendoyesterday at 11:34 PM14 repliesview on HN

Sorry, a person who life is built around greed is no hero.


Replies

lr4444lrtoday at 12:22 AM

I respect Buffett greatly on a professional level, and think it's the height of arrogance to believe any one of us personally has the moral right to decide which level of lawful activity becomes turpitudinous greed.

THAT SAID...

My uncle (he's 98) had a passing acquaintance with Buffett during their overlap at Penn, and in the one econ class they shared, he remarked having heard Buffett say in almost salivating eagerness as he rubbed his hands that if only there could be another Great Depression, he would make a killing. The dude has value investing in his DNA beyond anything else, I truly believe. But he's argued for changing complex and unfair taxation, and always been a good citizen as far as I can tell. I think if all of Wall Street were like him, the world would be a much better place.

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Aarostotletoday at 12:01 AM

A man who built what he loves and produced so much surplus value for the rest of us to enjoy (read: profit) is _exactly_ a hero. I’m sure I could find ways critique him, but not in the context of celebrating his career.

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WalterBrighttoday at 5:13 AM

Buffet has also made a lot of money for his investors. People can buy shares in Berkshire Hathaway.

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gbacontoday at 1:32 AM

If he built his life around greed, you must have numerous examples, so give specific instances to support this charge. No handwaving.

tim333today at 12:47 AM

I don't think built around greed is fair. If he was greedy he'd be spending the money rather than giving nearly all of it to charity.

mrwaffleyesterday at 11:42 PM

Mostly true, compared to other billionaires he's a much better flavor and a stronger record of appearing human but still, agree. I'd recommend reading The Snowball for a more complete understanding of him.

kakadutoday at 12:25 AM

He is an _American_ hero

jacquesmyesterday at 11:35 PM

Actualy, he didn't. He's probably the one billionaire alive today for which you could not make that case. I know of one other (but he's dead).

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IncreasePoststoday at 12:01 AM

He built his life around developing successful businesses. That's not greed.

bawolfftoday at 12:12 AM

He made his billions by figuring out who were worthy people to give money to.

He's not exactly curing cancer but i could think of a lot more underhanded ways to make billions. I think he is above average ethically relative to his billionaire peers.

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hyperbovinetoday at 12:16 AM

But hey, he also owns Sees Candy.

mothballedtoday at 12:18 AM

I don't want a society where you have to be a hero to produce mass benefit to others. I want a society where greedy people feel like they have to serve the needs and wants of others to fulfill their greed.

I don't know to what extent Buffet does it. Nor does our current quasi-fascist society where the government is highly embedded with industry and regulating who is the winner and who is the loser and then taxing/inflating the working class to make sure they stay afloat.

But in the idealistic version of America, it is supposed to be a place where becoming a billionaire means you are not just producing billions of profit for yourself, but billions of value for others. That every deal, both sides are better off. This is what we aspire to, the whole ideal towards voluntary trade and capitalism as a method a tide that rises almost all boats and at the very least doesn't involve sinking another boat lower.

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huflungdungtoday at 12:12 AM

[dead]

DoesntMatter22today at 12:37 AM

And he’s giving away most of his fortune to help others when he dies.

Idk how that can be considered a “life centered around greed”