Warren Buffett invests in cars
"People are going to keep buying cars forever."
Buffett also invested in freight rail, not high-speed rail.
Labels: High-Speed Rail
posted by Rob Anderson @ 11:53 AM
10 comments
District 5 Diary
Rob Anderson's commentary on San Francisco politics from District 5
Saturday, October 04, 2014
"People are going to keep buying cars forever."
Buffett also invested in freight rail, not high-speed rail.
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10 Comments:
weird you dont own one huh
Buffet will be dead within 10 years. For him - "forever" means 10 years.
Buffett has invested in cars for a long time. He basically made his entire fortune by selling car insurance. A very profitable business - cars cause so much chaos that we require everyone to buy large insurance policies and Buffett laughs all the way to the bank.
Yes, if only everyone in the US wanted to live like Third World peasants and rode bikes instead of driving those wicked motor vehicles, what a wonderful world it would be!
"Buffet will be dead within 10 years. For him 'forever' means 10 years."
But the profitable company he created will live on.
"Yes, if only everyone in the US wanted to live like Third World peasants and rode bikes instead of driving those wicked motor vehicles, what a wonderful world it would be!"
Motor vehicle ownership in Manhattan is 20%. That's some third world! !!!!
But the lowest fifth in Manhattan can find a place to live because they have dense housing and allocate less land to parking. The lowest fifth in San Francisco is pretty much fucked.
Please, the lowest fifth lives about 30 miles away from Manhattan and takes the train or bus in to the city. And stop with the stupid density argument for creating lower cost housing. Hong Kong, London and Manhattan have density but are very expensive. The new modern tower condos in both Manhattan and San Francisco are being bought by property collectors who own more than one home. These new towers are not affordable and not reducing housing costs.
"The lowest fifth in San Francisco is pretty much fucked."
From what I see, the public housing projects in SF offer their residents copious amounts of free parking. At least that's one stressor they don't have to deal with.
As for the poor to middle-class San Franciscans who have to park on the street, Yes on L is nobly trying to save that. I say "nobly" because the freedom and independence car-ownership brings should belong to everyone who so desires, not just the rich.
Vote Yes on L. It's the democratic thing to do!
Please, the lowest fifth lives about 30 miles away from Manhattan and takes the train or bus in to the city.
By definition, the lowest fifth percentile of Manhattan residents live in Manhattan. Otherwise they would be residents of whatever town they live in.
English is hard, I know.
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