Comments on: Chinese investor pays $2.1M to eat with Buffett http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/ General interest observations and true web-log. Mon, 13 Feb 2012 00:19:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jägermeister http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1216549 Jägermeister Tue, 01 Jul 2008 14:41:15 +0000 http://www.dvorak.org/blog/?p=18862#comment-1216549 #7 - HMeyers - <i>Poverty is more complicated than spending. Parenting, culture, IQ and maybe even genes determine a lot of it.</i> And where do you start in changing that? School! The current school system should be completely reformed. Make it a 21st century school system. Make it easier to fire teachers who are not up to par. Hire competent teachers, provide the necessary equipment, provide an environment geared towards learning. Learn from countries that fair better. It's not about giving out money for free... it's about investing the money where it would do good. <i>Besides, money is imaginary.</i> Money is an enabler. <i>A dollar or euro isn’t actually worth anything.</i> Why don't you try living a month without spending a dime and let us know if you want to be in or outside the monetary system. #7 – HMeyers – Poverty is more complicated than spending. Parenting, culture, IQ and maybe even genes determine a lot of it.

And where do you start in changing that? School! The current school system should be completely reformed. Make it a 21st century school system. Make it easier to fire teachers who are not up to par. Hire competent teachers, provide the necessary equipment, provide an environment geared towards learning. Learn from countries that fair better. It’s not about giving out money for free… it’s about investing the money where it would do good.

Besides, money is imaginary.

Money is an enabler.

A dollar or euro isn’t actually worth anything.

Why don’t you try living a month without spending a dime and let us know if you want to be in or outside the monetary system.

]]> By: Mister Ketchup http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1216460 Mister Ketchup Tue, 01 Jul 2008 13:48:25 +0000 http://www.dvorak.org/blog/?p=18862#comment-1216460 First pass I didn't read "with." First pass I didn’t read “with.”

]]> By: JimD http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1216397 JimD Tue, 01 Jul 2008 12:43:03 +0000 http://www.dvorak.org/blog/?p=18862#comment-1216397 Wow !!! But who leaves the tip ? Wow !!! But who leaves the tip ?

]]> By: PeterR http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1216383 PeterR Tue, 01 Jul 2008 12:33:03 +0000 http://www.dvorak.org/blog/?p=18862#comment-1216383 So how much did the lunch itself cost, and who picked up the tab? <i>...and no one answered the phone at Buffett’s Omaha office.</i> They were probably, er, out to lunch. So how much did the lunch itself cost, and who picked up the tab?

…and no one answered the phone at Buffett’s Omaha office.

They were probably, er, out to lunch.

]]> By: liunam http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1216370 liunam Tue, 01 Jul 2008 12:24:55 +0000 http://www.dvorak.org/blog/?p=18862#comment-1216370 #1. My first thought was " heck, that is an expensive Chinese buffet..." #1. My first thought was ” heck, that is an expensive Chinese buffet…”

]]> By: HMeyers http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1216246 HMeyers Tue, 01 Jul 2008 10:45:14 +0000 http://www.dvorak.org/blog/?p=18862#comment-1216246 @#3 "Just imagine that money being spent to wipe out poverty in the USA." Poverty is more complicated than spending. Parenting, culture, IQ and maybe even genes determine a lot of it. Besides, money is imaginary. A dollar or euro isn't actually worth anything. Handing out green pieces of paper didn't cause poverty and handing out even more green pieces of paper won't solve it either. @#3 “Just imagine that money being spent to wipe out poverty in the USA.”

Poverty is more complicated than spending. Parenting, culture, IQ and maybe even genes determine a lot of it.

Besides, money is imaginary. A dollar or euro isn’t actually worth anything.

Handing out green pieces of paper didn’t cause poverty and handing out even more green pieces of paper won’t solve it either.

]]> By: Ah_Yea http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1215785 Ah_Yea Tue, 01 Jul 2008 05:53:45 +0000 http://www.dvorak.org/blog/?p=18862#comment-1215785 Believe me, these Chinese businessmen are not stupid. I bet this guy spent $2.1 million to get Warren's ear for a couple of hours to hook up some investment capital worth 100 times as much. Believe me, these Chinese businessmen are not stupid. I bet this guy spent $2.1 million to get Warren’s ear for a couple of hours to hook up some investment capital worth 100 times as much.

]]> By: Saper Wpg http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1215630 Saper Wpg Tue, 01 Jul 2008 04:49:18 +0000 http://www.dvorak.org/blog/?p=18862#comment-1215630 Warren Buffett has two great financial areas of interest - cigarettes and insurance companies Tobacco and cigarettes - his quote is " they are cheap to make and people get addicted" Insurance companies "Insurance companies are good ( mainly life insurance) You get to hold the money for free for a long time until you eventually pay out" Smart fellow I guess ? Or too smart for his own good ? Warren Buffett has two great financial areas of interest – cigarettes and insurance companies
Tobacco and cigarettes – his quote is ” they are cheap to make and people get addicted”
Insurance companies “Insurance companies are good ( mainly life insurance)
You get to hold the money for free for a long time until you eventually pay out”
Smart fellow I guess ?
Or too smart for his own good ?

]]> By: Stopher2475 http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1215554 Stopher2475 Tue, 01 Jul 2008 03:43:53 +0000 http://www.dvorak.org/blog/?p=18862#comment-1215554 Buffett's advice on how to make money: "Get dumb rich people to pay you to buy you lunch." Buffett’s advice on how to make money:
“Get dumb rich people to pay you to buy you lunch.”

]]> By: Jägermeister http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1215400 Jägermeister Tue, 01 Jul 2008 01:11:56 +0000 http://www.dvorak.org/blog/?p=18862#comment-1215400 $2,110,100... that's about 8 min 54 sec of <a href="http://www.nationalpriorities.org/costofwar_home" rel="nofollow">cost for the war in Iraq</a>. Just imagine that money being spent to wipe out poverty in the USA. That way there wouldn't be a need for breadcrumbs from the rich. And there would be money left to improve the infrastructure and modernize the schools. $2,110,100… that’s about 8 min 54 sec of cost for the war in Iraq. Just imagine that money being spent to wipe out poverty in the USA. That way there wouldn’t be a need for breadcrumbs from the rich. And there would be money left to improve the infrastructure and modernize the schools.

]]> By: DixonAgee http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1215399 DixonAgee Tue, 01 Jul 2008 01:11:45 +0000 http://www.dvorak.org/blog/?p=18862#comment-1215399 Hell. I'll do it for $1 Mil! Hell. I’ll do it for $1 Mil!

]]> By: John Paradox http://www.dvorak.org/blog/2008/06/30/chinese-investor-pays-21m-to-eat-with-buffett/comment-page-1/#comment-1215342 John Paradox Mon, 30 Jun 2008 23:55:23 +0000 http://www.dvorak.org/blog/?p=18862#comment-1215342 If only it read: Chinese investor pays $2.1M to eat Buffett. J/P=? If only it read:
Chinese investor pays $2.1M to eat Buffett.

J/P=?

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