Skjellifetti

The DJIA's Dangerous Indexing Philosophy

The Fine Print: As Registered Investment Advisors ...

And you just now figured this out?

The 15 Most Cash Rich Companies

Why does the fact that Gates funds much needed charities in Africa matter to you? It isn't your money. The WSJ castigated Gates for similar reasons when he initially set up his charity. Funny how conservatives demand obeisance to the idea that one's own money is one's own to decide what to do with until the owner decides to spend it differently from how they would have spent it if it were their money.


On Mar 13 12:14 PM jackooo wrote:

> Why are Gates's charities in Africa? Doesn't the US have the poor
> and down trodden also?

Marc Faber on the Economy, Gold, WWIII

> Your characterizations of MarcFaber is all wrong. The guy is the ultimate
> observer without any ideological bias. His past comments and
> recommendations included China, Vietnam, countries newly emerging
> and still nominally communist.

No. Farber's INVESTMENT advice is non-ideological in the sense that he goes wherever he believes the returns are highest. But his GOV'T POLICY advice is decidedly Libertarian and therefore highly ideological. Like most ideologues, you are either with him or against him, there is no in between.

> It is yourself who is looking at him with a very colored lens.

Perhaps. While I am sympathetic to many aspects of Libertarianism, I find much of the philosophy and its proponents to be stuck in 1776 as if the world has been technically, economically, and environmentally static for the past 233 years.

Marc Faber on the Economy, Gold, WWIII

Farber's world view admits no shades of grey. A mixed economy such as we have today and which has given the world one of the greatest economic growth stories in human history is not acknowledged as a legitimate choice.You are either capitalist or communist.

Farber's world view allows but a single cause for our current mess. The fact that many shady mortgage lenders chose to make risky loans to underdocumented and poor risk borrowers or that many borrowers chose to leverage their homes to the maximum extent possible based on the hype that home prices would grow forever at a 20% rate is not possible in his world. Nope, it was all the governments fault.

Farber's world view has no room for compassion. Does he think that those people in Detroit who have worked hard and saved all their lives but have now lost their jobs and are in danger of losing their homes and healthcare and everything else as a result of the poor choices made by others should be left to their own devices? Why not, he is still rich. Why should he care?

Farber may be a great investor, but I would never let such a narrow minded ideologue make social policy for the rest of us.