Capitalism

Buy American Stocks, I Am

Buy American Stocks, I Amby Warren E. Buffet – Oct. 17, 2008

The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.

So … I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities. [Read more…]

Something for Nothing – Book Review

The All-Consuming Desire that Turns the American Dream into a Social Nightmare.


Brian Tracy’s book, Something for Nothing, is an honest and critical look at many of the societal and cultural problems our society is facing. Tracy is
most concerned with the natural tendencies and drives of our human nature, how they have been misdirected and abused, and how, as a result, they have contributed to creating and perpetuating those social and cultural
problems. Driven by his desire to understand and explain human behavior, the author relies on his experiences and insights to present a comprehensive and clear picture of how humanity’s misguided approaches in actualizing our desires to get “something for nothing” have brought about many unintended and dreadful consequences to not only individuals themselves but our society in general. [Read more…]