Berkshire eagle obituary
r/Pittsfield Birthplace of Baseball In the heart of the Berkshires
2015.11.04 01:48 rpifireman r/Pittsfield Birthplace of Baseball In the heart of the Berkshires
Pittsfield is the largest city and the historic county seat of Berkshire County, Massachusetts. There's plenty to do out here, you just have to know where to look.
2023.06.07 18:53 PritchettRobert506 [HIRING] 25 Jobs in MA Hiring Now!
2023.06.07 12:52 juice06870 79 Years Ago Today - First Front Page Reports of D-Day
 | submitted by juice06870 to pics [link] [comments] |
2023.06.07 12:51 juice06870 79 Years Ago Today - First Front Page Reports of D-Day
 | submitted by juice06870 to VintageNewspapers [link] [comments] |
2023.06.07 12:51 juice06870 79 Years Ago Today - First Front Page Reports of D-Day
 | submitted by juice06870 to OldSchoolCool [link] [comments] |
2023.06.07 04:45 AxlCobainVedder Dunkin’ Munchkins, Pittsfield Massachusetts (1974). Photo credit to the Berkshire Eagle newspaper.
 | submitted by AxlCobainVedder to vintageads [link] [comments] |
2023.06.06 14:11 juice06870 79 years ago today.
 | submitted by juice06870 to VintageNewspapers [link] [comments] |
2023.06.06 14:11 juice06870 79 years ago today
 | submitted by juice06870 to MilitaryHistory [link] [comments] |
2023.06.06 14:10 juice06870 79 years ago today
 | submitted by juice06870 to pics [link] [comments] |
2023.06.04 18:42 jesschester RFK Jr is the only presidential candidate worth considering in 2024
The media dismisses him as a rogue conspiracy, anti-vaxx, fringe nut job etc. At the same time, individuals in online venues from the left, right and center alike frequently praise him for his tough stance on corruption, his environmental activism work, his research-intensive books and his even-tempered, respectful way of speaking.
After following the man for several years with no partisan bias of my own, I now strongly believe that everyone should hear what he himself has to say, that nearly anyone would find him more agreeable after hearing his positions. In past interviews he has addressed the major criticisms against him and, in my opinion, he has done a nice job of laying them to rest. Also, his arguments don’t require blind faith, emotional involvement or fanatical devotion to believe.
I recommend bypassing traditional media (that includes Google) and go to the source. He is banned from instagram as well now apparently. You’ll be doing yourself a favor, those platforms suck anyway.
A brief list of resources for learning about the Kennedy '24 campaign:
The Official Kennedy ‘24 Website
Official Twitter u/RobertKennedyJr
A comprehensive hub of RFK podcasts and media appearances
All In Podcast (an excellent interview)
RFKJrForPresident subreddit
RFK Jr views on Vaccines
Are vaccines a dealbreaker issue for you? I beg you to read some of the following quotes from RFK himself (then head over to some of those links above if you want to know more):
"I am for vaccines. I have been tracking mercury in fish for 30 years and nobody has called me antifish. [...]But we are also seeing an explosion in neurodevelopmental disorders and we ought to be able to do a cost-benefit analysis and see what's causing them. We ought to have robust, transparent science and an independent regulatory agency. Nobody is trying to get rid of vaccines here. I just want safe vaccines."
Exclusive Q&A: Robert F. Kennedy Jr. on Trump's proposed vaccine commission
“People who advocate for safer vaccines should not be marginalized or denounced as anti-vaccine. I am pro-vaccine. I had all six of my children vaccinated. I believe that vaccines have saved the lives of hundreds of millions of humans over the past century and that broad vaccine coverage is critical to public health. But I want our vaccines to be as safe as possible.”
– Robert F. Kennedy Jr., Thimerosal: Let the Science Speak: The Evidence Supporting the Immediate Removal of Mercury—a Known Neurotoxin—from Vaccines.
Worried your vote will be wasted on an underdog contender?
There might be more hope than you think. Here’s a great read on the matter: Why I believe RFK Jr. will be the 2024 Democratic nominee (The Hill)
Why I personally like RFK Jr. for president:
I started following RFK Jr at the beginning of the pandemic because I wanted an alternative perspective than what the pharma-owned media was saying. Usually when they smear someone’s reputation, it means somebody very rich and powerful is threatened by what that person might say. It usually makes me wonder why, although I had no bias at the time. I just wanted to hear both sides. After reading his book The Real Anthony Fauci, I realized this is a man who doesn't go off half-cocked with his ideas. When he makes his views public, you can be reasonably certain he has read every ounce of literature available on the matter.
Kennedy has a solid grasp on a wide range of issues, however many of the big corporations in news, media and tech are deliberately misrepresenting and oftentimes censoring him altogether. This is because his work over the past few decades has proven him to be a worthy defender for the interests of the many over the interests of the few. In other words, he fights for us, the people, and that’s proven fact. This is what the corporate elite don’t want you to know and what big news outlets are being paid/coerced to cover up. As an environmental lawyer, Kennedy has opposed big industry players in court on many occasions and won; and this has earned him a reputation as a threat to their profits and dominance.
His two most foundational priorities are:
1) Remake Public Institutions to Serve the Public
Kennedy proposes to tackle the rampant corruption known as "corporate capture" inside our federal agencies and regulators. That basically means rooting out corruption and special interests that currently dictate policy.
One Prime example is how he talks about banning pharmaceutical ads which account for 75% of all revenue for televised news outlets.
2) Heal the Divide
Kennedy wants to unite Americans on values we hold in common instead of generating controversy, fear and anger to boost viewership numbers and fracture us along every cultural line.
You can tell he means what he says on this when you watch him speak in interviews. He does not stoop to the shameless tactics of other candidates and campaigns. He speaks critically, clearly pointing out errors and flaws without getting emotional and divisive. Also, he gives credit to his opponents when credit is due, something unheard of in American politics.
Examples of left-wing, right-wing and indpendent sources on giving RFK Jr. a chance:
Counterpunch: Should the Left give RFK Jr a Chance? A smart, detailed, and poignant appeal to the left to see RFK, Jr. as the person we need for this post-Covid moment.
The American Conservative: The Courage of RFK Jr Describes how many of RFK, Jr.’s campaign priorities have cross-appeal to conservative values.
The Berkshire Eagle: Robert F. Kennedy Jr. is the candidate to heal the great divide This opinion piece argues the issues that matter to RFK, Jr. are not liberal or conservative, but “self-evident conclusions of a patriot.
Conclusion:
If you’ve had enough secrecy, surveillance and censorship, I encourage you to look into the Kennedy ‘24 campaign and hear how he proposes to remake public institutions to serve the public and bring transparency to government.
If you want more unity and less bi-partisan stalemate, I encourage you to look at the Kennedy campaign. His focus is on the values Americans hold in common, respectful dialog and reconciliation across races, parties, and divisions. Listen to any of his podcasts or speeches and see for yourself how RFK rises above the “us versus them” rhetoric that other politicians exploit for attention. He has notable appeal throughout the left, right and center voters, something unprecedented and vitally important amid the polarized climate that’s crippling our efforts for progress.
If Kennedy is elected it would demonstrate that democracy isn’t dead. It would demonstrate that people are losing faith in the media and waking up to the institutional propaganda and censorship that permeates our public discourse. It would prove that money cannot buy American values. It would prove that the parties are capable of coming together when it matters, that we don’t have to be divided on every single issue.
Thank you if you made it this far!
#Kennedy24
submitted by jesschester to TrueUnpopularOpinion [link] [comments]
After following the man for several years with no partisan bias of my own, I now strongly believe that everyone should hear what he himself has to say, that nearly anyone would find him more agreeable after hearing his positions. In past interviews he has addressed the major criticisms against him and, in my opinion, he has done a nice job of laying them to rest. Also, his arguments don’t require blind faith, emotional involvement or fanatical devotion to believe.
I recommend bypassing traditional media (that includes Google) and go to the source. He is banned from instagram as well now apparently. You’ll be doing yourself a favor, those platforms suck anyway.
A brief list of resources for learning about the Kennedy '24 campaign:
The Official Kennedy ‘24 Website
Official Twitter u/RobertKennedyJr
A comprehensive hub of RFK podcasts and media appearances
All In Podcast (an excellent interview)
RFKJrForPresident subreddit
RFK Jr views on Vaccines
Are vaccines a dealbreaker issue for you? I beg you to read some of the following quotes from RFK himself (then head over to some of those links above if you want to know more):
"I am for vaccines. I have been tracking mercury in fish for 30 years and nobody has called me antifish. [...]But we are also seeing an explosion in neurodevelopmental disorders and we ought to be able to do a cost-benefit analysis and see what's causing them. We ought to have robust, transparent science and an independent regulatory agency. Nobody is trying to get rid of vaccines here. I just want safe vaccines."
Exclusive Q&A: Robert F. Kennedy Jr. on Trump's proposed vaccine commission
“People who advocate for safer vaccines should not be marginalized or denounced as anti-vaccine. I am pro-vaccine. I had all six of my children vaccinated. I believe that vaccines have saved the lives of hundreds of millions of humans over the past century and that broad vaccine coverage is critical to public health. But I want our vaccines to be as safe as possible.”
– Robert F. Kennedy Jr., Thimerosal: Let the Science Speak: The Evidence Supporting the Immediate Removal of Mercury—a Known Neurotoxin—from Vaccines.
Worried your vote will be wasted on an underdog contender?
There might be more hope than you think. Here’s a great read on the matter: Why I believe RFK Jr. will be the 2024 Democratic nominee (The Hill)
Why I personally like RFK Jr. for president:
- He’s well equipped to handle the corruption of private enterprises inside state agencies
- He brings Americans together instead of driving them further apart
- He has noteworthy support from all sides of the aisle
- He actually has a fighting chance to win in 2024, believe it or not
- He is humble, transparent and respectful
- He’s only been in politics since early 2023
- Can you (sincerely) name a better candidate?
I started following RFK Jr at the beginning of the pandemic because I wanted an alternative perspective than what the pharma-owned media was saying. Usually when they smear someone’s reputation, it means somebody very rich and powerful is threatened by what that person might say. It usually makes me wonder why, although I had no bias at the time. I just wanted to hear both sides. After reading his book The Real Anthony Fauci, I realized this is a man who doesn't go off half-cocked with his ideas. When he makes his views public, you can be reasonably certain he has read every ounce of literature available on the matter.
Kennedy has a solid grasp on a wide range of issues, however many of the big corporations in news, media and tech are deliberately misrepresenting and oftentimes censoring him altogether. This is because his work over the past few decades has proven him to be a worthy defender for the interests of the many over the interests of the few. In other words, he fights for us, the people, and that’s proven fact. This is what the corporate elite don’t want you to know and what big news outlets are being paid/coerced to cover up. As an environmental lawyer, Kennedy has opposed big industry players in court on many occasions and won; and this has earned him a reputation as a threat to their profits and dominance.
His two most foundational priorities are:
1) Remake Public Institutions to Serve the Public
Kennedy proposes to tackle the rampant corruption known as "corporate capture" inside our federal agencies and regulators. That basically means rooting out corruption and special interests that currently dictate policy.
One Prime example is how he talks about banning pharmaceutical ads which account for 75% of all revenue for televised news outlets.
2) Heal the Divide
Kennedy wants to unite Americans on values we hold in common instead of generating controversy, fear and anger to boost viewership numbers and fracture us along every cultural line.
You can tell he means what he says on this when you watch him speak in interviews. He does not stoop to the shameless tactics of other candidates and campaigns. He speaks critically, clearly pointing out errors and flaws without getting emotional and divisive. Also, he gives credit to his opponents when credit is due, something unheard of in American politics.
Examples of left-wing, right-wing and indpendent sources on giving RFK Jr. a chance:
Counterpunch: Should the Left give RFK Jr a Chance? A smart, detailed, and poignant appeal to the left to see RFK, Jr. as the person we need for this post-Covid moment.
The American Conservative: The Courage of RFK Jr Describes how many of RFK, Jr.’s campaign priorities have cross-appeal to conservative values.
The Berkshire Eagle: Robert F. Kennedy Jr. is the candidate to heal the great divide This opinion piece argues the issues that matter to RFK, Jr. are not liberal or conservative, but “self-evident conclusions of a patriot.
Conclusion:
If you’ve had enough secrecy, surveillance and censorship, I encourage you to look into the Kennedy ‘24 campaign and hear how he proposes to remake public institutions to serve the public and bring transparency to government.
If you want more unity and less bi-partisan stalemate, I encourage you to look at the Kennedy campaign. His focus is on the values Americans hold in common, respectful dialog and reconciliation across races, parties, and divisions. Listen to any of his podcasts or speeches and see for yourself how RFK rises above the “us versus them” rhetoric that other politicians exploit for attention. He has notable appeal throughout the left, right and center voters, something unprecedented and vitally important amid the polarized climate that’s crippling our efforts for progress.
If Kennedy is elected it would demonstrate that democracy isn’t dead. It would demonstrate that people are losing faith in the media and waking up to the institutional propaganda and censorship that permeates our public discourse. It would prove that money cannot buy American values. It would prove that the parties are capable of coming together when it matters, that we don’t have to be divided on every single issue.
Thank you if you made it this far!
#Kennedy24
2023.06.04 17:12 jesschester Robert F Kennedy Jr is the only presidential candidate worth considering in 2024
The media dismisses him as a rogue conspiracy, anti-vaxx, fringe nut job etc. At the same time, individuals in online venues from the left, right and center alike frequently praise him for his tough stance on corruption, his environmental activism work, his research-intensive books and his even-tempered, respectful way of speaking.
After following the man for several years with no partisan bias of my own, I now strongly believe that everyone should hear what he himself has to say, that nearly anyone would find him more agreeable after hearing his positions. In past interviews he has addressed the major criticisms against him and, in my opinion, he has done a nice job of laying them to rest. Also, his arguments don’t require blind faith, emotional involvement or fanatical devotion to believe.
I recommend bypassing traditional media (that includes Google) and go to the source. He is banned from instagram as well now apparently. You’ll be doing yourself a favor, those platforms suck anyway.
A brief list of resources for learning about the Kennedy '24 campaign:
The Official Kennedy ‘24 Website
Official Twitter @RobertKennedyJr
A comprehensive hub of RFK podcasts and media appearances
All In Podcast (an excellent interview)
RFKJrForPresident subreddit
Worried your vote will be wasted on an underdog contender?
There might be more hope than you think. Here’s a great read on the matter: Why I believe RFK Jr. will be the 2024 Democratic nominee
Kennedy has a solid grasp on a wide range of issues, however many of the big corporations in news, media and tech are deliberately misrepresenting and oftentimes censoring him altogether. This is because his work over the past few decades has proven him to be a worthy defender for the interests of the many over the interests of the few. In other words, he fights for us, the people, and that’s proven fact. This is what the corporate elite don’t want you to know and what big news outlets are being paid/coerced to cover up. As an environmental lawyer, Kennedy has opposed big industry players in court on many occasions and won; and this has earned him a reputation as a threat to their profits and dominance.
His two most foundational priorities are:
One Prime example is how he talks about banning pharmaceutical ads which account for 75% of all revenue for televised news outlets.
You can tell he means what he says on this when you watch him speak in interviews. He does not stoop to the shameless tactics of other candidates and campaigns. He speaks critically, clearly pointing out errors and flaws without getting emotional and divisive. Also, he gives credit to his opponents when credit is due, something unheard of in American politics.
Examples of left-wing, right-wing and indpendent sources on giving RFK Jr. a chance:
Counterpunch: Should the Left give RFK Jr a Chance? A smart, detailed, and poignant appeal to the left to see RFK, Jr. as the person we need for this post-Covid moment.
The American Conservative: The Courage of RFK Jr Describes how many of RFK, Jr.’s campaign priorities have cross-appeal to conservative values.
The Berkshire Eagle: Robert F. Kennedy Jr. is the candidate to heal the great divide This opinion piece argues the issues that matter to RFK, Jr. are not liberal or conservative, but “self-evident conclusions of a patriot.
If you want more unity and less bi-partisan stalemate, I encourage you to look at the Kennedy campaign. His focus is on the values Americans hold in common, respectful dialog and reconciliation across races, parties, and divisions. Listen to any of his podcasts or speeches and see for yourself how RFK rises above the “us versus them” rhetoric that other politicians exploit for attention. He has notable appeal throughout the left, right and center voters, something unprecedented and vitally important amid the polarized climate that’s crippling our efforts for progress.
If Kennedy is elected it would demonstrate that democracy isn’t dead. It would demonstrate that people are losing faith in the media and waking up to the institutional propaganda and censorship that permeates our public discourse. It would prove that money cannot buy American values. It would prove that the parties are capable of coming together when it matters, that we don’t have to be divided on every single issue.
Thank you if you made it this far!
#Kennedy24
submitted by jesschester to TrueUnpopularOpinion [link] [comments]
After following the man for several years with no partisan bias of my own, I now strongly believe that everyone should hear what he himself has to say, that nearly anyone would find him more agreeable after hearing his positions. In past interviews he has addressed the major criticisms against him and, in my opinion, he has done a nice job of laying them to rest. Also, his arguments don’t require blind faith, emotional involvement or fanatical devotion to believe.
I recommend bypassing traditional media (that includes Google) and go to the source. He is banned from instagram as well now apparently. You’ll be doing yourself a favor, those platforms suck anyway.
A brief list of resources for learning about the Kennedy '24 campaign:
The Official Kennedy ‘24 Website
Official Twitter @RobertKennedyJr
A comprehensive hub of RFK podcasts and media appearances
All In Podcast (an excellent interview)
RFKJrForPresident subreddit
RFK Jr views on Vaccines
Are vaccines a dealbreaker issue for you? I beg you to read some of the following quotes from RFK himself (then head over to some of those links above if you want to know more):
"I am for vaccines. I have been tracking mercury in fish for 30 years and nobody has called me antifish. [...]But we are also seeing an explosion in neurodevelopmental disorders and we ought to be able to do a cost-benefit analysis and see what's causing them. We ought to have robust, transparent science and an independent regulatory agency. Nobody is trying to get rid of vaccines here. I just want safe vaccines."
Exclusive Q&A: Robert F. Kennedy Jr. on Trump's proposed vaccine commission
“People who advocate for safer vaccines should not be marginalized or denounced as anti-vaccine. I am pro-vaccine. I had all six of my children vaccinated. I believe that vaccines have saved the lives of hundreds of millions of humans over the past century and that broad vaccine coverage is critical to public health. But I want our vaccines to be as safe as possible.”
– Robert F. Kennedy Jr., Thimerosal: Let the Science Speak: The Evidence Supporting the Immediate Removal of Mercury—a Known Neurotoxin—from Vaccines.
Worried your vote will be wasted on an underdog contender?
There might be more hope than you think. Here’s a great read on the matter: Why I believe RFK Jr. will be the 2024 Democratic nominee
Why I personally like RFK Jr. for president:
Quick list:- he’s well equipped to handle the corruption of private enterprises inside state agencies
- He brings Americans together instead of driving them further apart
- He has noteworthy support from all sides of the aisle
- He actually has a fighting chance to win in 2024, believe it or not
- He is humble, transparent and respectful
- He’s only been in politics since early 2023
- Can you (sincerely) name a better candidate?
A Longer version (but still short)
I started following RFK Jr at the beginning of the pandemic because I wanted an alternative perspective than what the pharma-owned media was saying. Usually when they smear someone’s reputation, it means somebody very rich and powerful is threatened by what that person might say. It usually makes me wonder why, although I had no bias at the time. I just wanted to hear both sides. After reading his book The Real Anthony Fauci, I realized this is a man who doesn't go off half-cocked with his ideas. When he makes his views public, you can be reasonably certain he has read every ounce of literature available on the matter.Kennedy has a solid grasp on a wide range of issues, however many of the big corporations in news, media and tech are deliberately misrepresenting and oftentimes censoring him altogether. This is because his work over the past few decades has proven him to be a worthy defender for the interests of the many over the interests of the few. In other words, he fights for us, the people, and that’s proven fact. This is what the corporate elite don’t want you to know and what big news outlets are being paid/coerced to cover up. As an environmental lawyer, Kennedy has opposed big industry players in court on many occasions and won; and this has earned him a reputation as a threat to their profits and dominance.
His two most foundational priorities are:
1) Remake Public Institutions to Serve the Public
Kennedy proposes to tackle the rampant corruption known as "corporate capture" inside our federal agencies and regulators. That basically means rooting out corruption and special interests that currently dictate policy.One Prime example is how he talks about banning pharmaceutical ads which account for 75% of all revenue for televised news outlets.
2) Heal the Divide
Kennedy wants to unite Americans on values we hold in common instead of generating controversy, fear and anger to boost viewership numbers and fracture us along every cultural line.You can tell he means what he says on this when you watch him speak in interviews. He does not stoop to the shameless tactics of other candidates and campaigns. He speaks critically, clearly pointing out errors and flaws without getting emotional and divisive. Also, he gives credit to his opponents when credit is due, something unheard of in American politics.
Examples of left-wing, right-wing and indpendent sources on giving RFK Jr. a chance:
Counterpunch: Should the Left give RFK Jr a Chance? A smart, detailed, and poignant appeal to the left to see RFK, Jr. as the person we need for this post-Covid moment.
The American Conservative: The Courage of RFK Jr Describes how many of RFK, Jr.’s campaign priorities have cross-appeal to conservative values.
The Berkshire Eagle: Robert F. Kennedy Jr. is the candidate to heal the great divide This opinion piece argues the issues that matter to RFK, Jr. are not liberal or conservative, but “self-evident conclusions of a patriot.
Conclusion:
If you’ve had enough secrecy, surveillance and censorship, I encourage you to look into the Kennedy ‘24 campaign and hear how he proposes to remake public institutions to serve the public and bring transparency to government.If you want more unity and less bi-partisan stalemate, I encourage you to look at the Kennedy campaign. His focus is on the values Americans hold in common, respectful dialog and reconciliation across races, parties, and divisions. Listen to any of his podcasts or speeches and see for yourself how RFK rises above the “us versus them” rhetoric that other politicians exploit for attention. He has notable appeal throughout the left, right and center voters, something unprecedented and vitally important amid the polarized climate that’s crippling our efforts for progress.
If Kennedy is elected it would demonstrate that democracy isn’t dead. It would demonstrate that people are losing faith in the media and waking up to the institutional propaganda and censorship that permeates our public discourse. It would prove that money cannot buy American values. It would prove that the parties are capable of coming together when it matters, that we don’t have to be divided on every single issue.
Thank you if you made it this far!
#Kennedy24
2023.05.28 01:22 BigClitMcphee I hope Lena' Black wins her lawsuit
 | submitted by BigClitMcphee to PoliticalHumor [link] [comments] |
2023.05.28 01:15 BigClitMcphee "God said this land was ours so the people who've been on it for 1,000s of years are the real trespassers." -American Christians in the 1800s
 | submitted by BigClitMcphee to exchristianmemes [link] [comments] |
2023.05.25 17:00 _call-me-al_ [Thu, May 25 2023] TL;DR — This is what you missed in the last 24 hours on Reddit
If you want to receive this as a daily email in your inbox, you can now join at this link
worldnews
Under Elon Musk, Twitter has approved 83% of censorship requests by authoritarian governments: The social network has restricted and withdrawn content critical of the ruling parties in Turkey and India, among other countries, including during electoral campaignsComments Link
100% success rate: Ukraine’s air defence destroys all 36 Russian Shahed drones in overnight attack
Comments Link
Ukrainian defenders kill 500 Russian soldiers and destroy 20 artillery systems in one day
Comments Link
news
'Queen of rock 'n' roll' Tina Turner dies at 83Comments Link
Jan. 6 defendant who put foot on desk in Pelosi's office sentenced to 4.5 years in prison
Comments Link
TikTok prankster handed video ban after ‘stupid’ home invasion stunt
Comments Link
science
A man paralyzed from the hips down since 2011 can now walk again thanks to implants that provided a “digital bridge” between the man's brain and his spinal cord. This digital bridge bypassed injured sections of the spinal cord, according to the study published today in Nature.Comments Link
Rhythmically stimulating the brain with electrical currents could boost cognitive function for peak performance and also help people with dementia, according to meta-analysis of 102 published studies, included 2893 individuals
Comments Link
The US FDA has now approved the first oral microbiome treatment using Fecal bacteria
Comments Link
space
James Webb telescope discovers gargantuan geyser on Saturn's moon, blasting water hundreds of miles into space Live ScienceComments Link
First Astranis internet satellite working ‘perfectly’ as company readies to bring coverage to 'hundreds of thousands' Alaska by mid-June
Comments Link
Hubble Space Telescope reveals a rare black hole lurking in our cosmic backyard
Comments Link
Futurology
Man with paralysis walks naturally after brain, spine implantsComments Link
Scientists Discover Chemical That Could Help Heal Nerve Damage—A Potential Breakthrough For Paralysis Patients
Comments Link
Enel Chooses Oklahoma For $1 Billion Solar Panel Factory
Comments Link
AskReddit
What’s your favorite South Park Quote?Comments Link
what's a good movie to watch for the first time when you're stoned?
Comments Link
Which TV Show/Series can be identified by a single quote?
Comments Link
todayilearned
TIL that the Dragon Ball Z villain Frieza, a galactic tyrant who destroys all life on planets so he can resell them at a profit, was inspired by real estate speculators during the Japanese asset price bubble in the 1980s. Series author Akira Toriyama called them "the worst kind of people".Comments Link
TIL that in Iqaluit, the capital of Nunavut, instead of a rush hour, they have what locals call a "rush minute", owing to the fact that the city is not connected to the rest of Canada by road and has a population of roughly 7,000 people who mostly work for the government with similar schedules.
Comments Link
TIL William Shatner would hide Leonard Nemoy's bicycle because Nemoy used it to get ahead in line at the commissary, going as far as tying it to rafters or placing it in a room with a territorial doberman.
Comments Link
dataisbeautiful
[OC] 70+ years of NATO expansion in an animated videoComments Link
[OC] UK GDP growth vs CO2 Emissions growth
Comments Link
International Students in USA from 1950-2022
Comments Link
Cooking
Can someone, without being gatekeepy, tell me what sauce might compliment a cheesesteak sandwich? Again, please for the love of god do not gatekeep me.Comments Link
Why does restaurant ranch taste better than what I buy at the store? And how can I make the store bought taste that way?
Comments Link
I just watched a few Jaques Pepin videos. I'm always struck by how he handles raw chicken and then touches everything else without washing his hands–the salt dish, pepper grinder, food containers, etc. Is that not as unsafe as I've always thought?
Comments Link
food
[Homemade] Banana Pudding CheesecakeComments Link
[I ate] a Yuzu custard filled croissant with toasted marshmallow.
Comments Link
[homemade]Took leftover brisket and into skillet with a little beef broth and Carolina classic bbq sauce. Added some beans and served over cilantro turmeric rice
Comments Link
movies
“Max” Will Change Back Film Credit Listings to Break Out Directors and Writers After BacklashComments Link
Tina Turner Dies: Legendary Rock & Soul Singer Was 83
Comments Link
After a year of long overdue Hollywood love, actor James Hong is still having his moment
Comments Link
Art
Mother and Child, Squashua (me), Procreate, 2023Comments Link
cat, by me, digital art, 2023
Comments Link
Grung, by me, digital art, 2022
Comments Link
television
Jeremy Strong’s ‘Succession’ Method Acting Was So Intense That He’d Practice Asking Strangers Where the Bathroom WasComments Link
I Think You Should Leave with Tim Robinson Season 3 Official Trailer May 30 on Netflix
Comments Link
‘Game Of Thrones’ Star Indira Varma Latest To Join ‘Doctor Who’
Comments Link
pics
For those of you wondering... the tractor made it into the van without a problem.Comments Link
I just finished this mural! [OC]
Comments Link
I Was Cast as a Background Actor to Play a Cop. Ended Up w/ A Speaking Role!
Comments Link
gifs
Settling down beside his best friendComments Link
The 24-cell (6th platonic solid in 4D) resembles a tetrakis hexahedron
Comments Link
I drew this pixel art scene using 13 colors and celled it "γ" [OC]
Comments Link
educationalgifs
Beans' tendrils slowly rotate to find solid supports to climb.Comments Link
mildlyinteresting
Jay before its wings kicked inComments Link
This tiny stop sign .
Comments Link
Baby skunk fell asleep in my hand yesterday as I returned it to its burrow.
Comments Link
interestingasfuck
Bald eagle rescued from Kentucky backyardComments Link
Black cats waiting to be auditioned for a horror film, 1961. Photograph by Ralph Crane.
Comments Link
Genius bird learning different objects
Comments Link
funny
A story in two partsComments Link
Anticipation
Comments Link
Interesting way to water a plant
Comments Link
aww
“I’m just gonna squeeze in here”Comments Link
Cerberus at the pet store
Comments Link
The most beautiful cat i’ve ever seen [OC]
Comments Link
2023.05.25 12:37 yallwannawhiteclaw David Brandt Obituary from the Lancaster Eagle Gazette..poignant and well-written!
 | submitted by yallwannawhiteclaw to Columbus [link] [comments] |
2023.05.18 13:30 jesschester Left wing, right wing and independent media: Give RFK Jr. a chance
Counterpunch article:
https://www.counterpunch.org/2023/05/12/should-the-left-give-rfk-jr-a-chance/A smart, detailed, and poignant appeal to the left to see RFK, Jr. as the person we need for this post-Covid moment.
The American Conservative article:
https://www.kennedy24.com/r?u=Ad-pzZpZoRYVMb-dTcQz7s3fZuLj0Nnq_v1jQJdeCIBuhIlLT5Pis0Jw4-djtKaVhO9SPKdT5qTyJ_IRvyVvFA&e=f310bb0371c825ddd4a20681085eec4a&utm_source=joinkennedy&utm_medium=email&utm_campaign=news_update_left_right_perspec&n=3Describes how many of RFK, Jr.’s campaign priorities have cross-appeal to conservative values.
Berkshire Eagle article:
https://www.kennedy24.com/r?u=4EWNE-jtwxtgGMABCRUdfFlfnZdOJ6EGsXPopPztEbcHDKl3-vqui49iQImk9XQftrR-DORql6D8xu88Pk_Gy2V6xJnjCUM6kTMeJ0koxySQbN0w5xqZMx0l_FY6k4SkkWfgZsgAE5IyJAQk_jq_7qjiT1o4VRWAGReDXdmmsIg&e=f310bb0371c825ddd4a20681085eec4a&utm_source=joinkennedy&utm_medium=email&utm_campaign=news_update_left_right_perspec&n=4Robert F. Kennedy Jr. is the candidate to heal the great divide. This opinion piece argues the issues that matter to RFK, Jr. are not liberal or conservative, but “self-evident conclusions of a patriot.
2023.05.18 13:27 jesschester Left wing, right wing and independent media: Give RFK Jr. a chance
Counterpunch article:
https://www.counterpunch.org/2023/05/12/should-the-left-give-rfk-jr-a-chance/A smart, detailed, and poignant appeal to the left to see RFK, Jr. as the person we need for this post-Covid moment.
The American Conservative article:
https://www.kennedy24.com/r?u=Ad-pzZpZoRYVMb-dTcQz7s3fZuLj0Nnq_v1jQJdeCIBuhIlLT5Pis0Jw4-djtKaVhO9SPKdT5qTyJ_IRvyVvFA&e=f310bb0371c825ddd4a20681085eec4a&utm_source=joinkennedy&utm_medium=email&utm_campaign=news_update_left_right_perspec&n=3Describes how many of RFK, Jr.’s campaign priorities have cross-appeal to conservative values.
Berkshire Eagle article:
https://www.kennedy24.com/r?u=4EWNE-jtwxtgGMABCRUdfFlfnZdOJ6EGsXPopPztEbcHDKl3-vqui49iQImk9XQftrR-DORql6D8xu88Pk_Gy2V6xJnjCUM6kTMeJ0koxySQbN0w5xqZMx0l_FY6k4SkkWfgZsgAE5IyJAQk_jq_7qjiT1o4VRWAGReDXdmmsIg&e=f310bb0371c825ddd4a20681085eec4a&utm_source=joinkennedy&utm_medium=email&utm_campaign=news_update_left_right_perspec&n=4Robert F. Kennedy Jr. is the candidate to heal the great divide. This opinion piece argues the issues that matter to RFK, Jr. are not liberal or conservative, but “self-evident conclusions of a patriot.
2023.05.18 01:21 JoshSnipes 3 Takeaways from 2023 Berkshire Annual Shareholder Meeting
I finally got around to listening to the full Q&A session of the 2023 Berkshire Annual Shareholder Meeting. I really liked this year’s questions and the respective answers. I decided to pull out 3 responses that I think help with building up the value investor psychology rather than something specific about an industry they are participating in. This is partly because many may not be comfortable investing in the same industries that Berkshire works in. Also, I think a lot of this advice is timeless because it is always something we can look back on and adapt to whatever current situation we face today. I hope you enjoy and I made sure to give a timestamp for the CNBC site in case you would rather listen to the questions and answers.
If you would to listen to me talk about this instead of reading it please see my Youtube video here.
The transcript was taken from CNBC's site.
Morning Session 43:24 - “What gives you opportunities is other people doing dumb things”
WARREN BUFFETT: And Charlie has been telling me the same thing the whole time we’ve known each other. I mean, we get along wonderfully because —
CHARLIE MUNGER: Well, we are making less.
WARREN BUFFETT: Yeah. Well, but that mostly I think is (Laughter) (UNINTEL PHRASE) —
CHARLIE MUNGER: We did that when we were younger.
WARREN BUFFETT: Yeah, we never thought we could manage $508 billion.
CHARLIE MUNGER: No, we never did.
WARREN BUFFETT: You know, but I would argue that there are going to be plenty of opportunities. And part of the reason there are going to be plenty of opportunities, the tech doesn’t make any difference for any of that. I mean, if you look at how the world’s changed in the years since 1942 when I started, you’d say, “Well, how does a kid that doesn’t know anything about airplanes, that doesn’t know anything about engines and cars, and doesn’t know anything about electricity and all that?” But new things coming along don’t take away the opportunities.
What gives you opportunities is other people doing dumb things. (Laughter) (Applause) Well, the 58 years we’ve been running Berkshire, I would say there’s been a great increase in the number of people doing dumb things. And they do big, dumb things, and the reason they do it to some extent is because they can get money from other people so much easier than when we started.
So, you could start ten or 15 dumb insurance companies in the last ten years, and you could become rich if you were adroit at it, whether the business succeeded or not, and the underwriters got paid, and the lawyers got paid. And if that’s done on a large scale — which it couldn’t be done 58 years ago.
You couldn’t get the money to do some of the dumb things that we wanted to do, (Laugh) fortunately. And so, I think that investing has disappeared so much from this huge capitalistic market that anybody can play in, but that the big money is in selling other people ideas.
It isn’t outperforming. And I think if you don’t run too much money, which we do — but if you’re running small amounts of money, I think the opportunities will be greater. But then Charlie and I always differed on this subject. He likes to tell me how gloomy the world is, and I like to tell him, “We’ll find something.” And so far, we’ve both be kind of right. (Laugh) Charlie, would you budge an inch on that, or not? (Laughter)
CHARLIE MUNGER: There is so much money now in the hands of so many smart people, all trying to outsmart one another and out-promote one another, getting more money out of other people. And it’s a radically different world from the world we started in. And I suppose it will have its opportunities, but it’s also going to have some unpleasant episodes.
WARREN BUFFETT: But they’re trying to outsmart each other in arenas that you don’t have to play. I mean, if you look at that government bond market, at the Treasury bill market, I mean, you have this one bill that’s out of line with the others, and went (UNINTEL PHRASE) $3 billion of it the other day.
But the world is overwhelmingly short-term focused. And if you go to an investor relations call, they’re all trying to figure out how to fill out a sheet to show the earnings for the year. And the management is interested in feeding them expectations, so we’ll slightly be beaten.
I mean, that is a world that’s made to order for anybody that’s trying to think about what you do that should work over five, or ten, or 20 years. And I just think that I would love to be born today, and go out with not too much money, and hopefully turn it into a lot of money. And Charlie would too, actually. (Laugh)
He would find something to do, I will just guarantee you. And it wouldn’t be exactly the same as before, but he would have a big, big, big pile.
One of the key points of the entire meeting is that many more people are fishing in the value investment pond. This overcrowding will likely lead to lower returns in the future. The key to finding great opportunities is other people doing dumb things or acting irrationally over the short term. Fund managers may be overly shorting or just selling stocks that genuinely are a good fundamental business. Over the last decade, many entrepreneurs and asset management companies have had an influx of money that they are not sure what to do with. This leads to new ideas being funded which would not have been during risk-off periods. My favorite quote from this section was “And if you go to an investor relations call, they’re all trying to figure out how to fill out a sheet to show the earnings for the year. And the management is interested in feeding them expectations, so we’ll slightly be beaten.” Many people are trying to beat their competitors every year, and as we saw in 2020 - 2022, through the use of leverage and buying overvalued companies because everyone else is. A lot of managers are not comfortable with sitting out of investing in manic periods because they do not want their cash to move to another fund. Value investors should look at the fundamentals of a company to determine a comfortable price. If the current market price is lower than your valuation it may be a sign to begin a position assuming all of your other research was correct.
Morning Session 1:50:14 - “We don’t get smarter but we get a little wiser”
But most of the time, companies need to choose between short-term profits and long-term defensibility. For example, Amazon was focused on building their famous Amazon flywheel with limited profits initially, in order to obtain stronger network effects, with the hope of getting more defensible profits in the future.
When you invest, you constantly speak about the importance of building competitive moats. What advice would you give to CEOs about how to balance this dilemma, which is essentially short-term profits versus long-term defensibility? Thank you.
WARREN BUFFETT: Well, the answer is to control your destiny, which we’ve been able to do at Berkshire. We feel no pressure from Wall Street. You know, we don’t have investor calls. We don’t have to make promises. We get a chance to make our own mistakes, and occasionally find something that works well.
But we recognize that the people in this room and people like them are the ones that we’re working for. And we’re not working for a bunch of people that care about whether we meet the core estimate or anything. So, we have a freedom that we get to use.
And we’re interested in owning a wonderful business forever. We learned from many wonderful businesses. But we do learn a lot as we go along. Charlie and I have often mentioned how we learned so much when we bought See’s Candies, which we did.
But we learned when we bought Ben Rosner’s chain of women’s dress shops spread all over the eastern part of the country. We learned when we tried getting into the department store business back in 1966. And as the ink was drying on our purchase price, we realized we’d done something (Laugh) dumb.
I mean, we’re learning all the time how consumers behave. I’m not going to be able to learn the technical aspects of businesses. It’d be nice if I knew it, but it isn’t essential. And, you know, obviously we’ve got a business at Apple, which is larger than our energy business.
And we may only own five points, 6% or 7%. But our ownership goes up every year, and I don’t understand the phone at all. But I do understand consumer behavior. And I know how people think about whether to buy a second car. I know how they go out to different — we own auto dealerships.
We’re learning all the time from all of our businesses how people react to Garanimals versus selling them something else. And so, See’s was a sort of breakthrough. But we just keep learning as to more about how people behave and how a good business can turn into a bad business, and how some good businesses can maintain their competitive advantage over time.
And so, we don’t have some formula, Berkshire people. But we can also tell in ten seconds whether it’s something of interest. I mean, when I get these calls and we want to send decks and all that sort of thing, which is nonsense, I mean, it’s a bunch of guys (Laugh) that get paid for drawing up these projections of the future and everything like that.
If they knew the future, you know, we don’t know the future, but we do know certain kinds of businesses. We know what the right price is, and we know what we think we can project out in terms of consumer behavior and threats to a business. And that’s what we’ve been about and that’s what we’ll continue to be about.
We don’t get smarter over time, we get a little wiser, though, following it over time. And you can do it while sitting in the office with a telephone, too, which we like.
Compounding not only works in investment returns, but it also works with knowledge and wisdom. Much of the experiences they had with buying businesses through the decade led to Charlie Munger and Warren Buffett’s understanding of branding. Throughout this meeting and past meetings, they have talked about how Apple’s MOAT runs so deep that many people would give up a lot before giving up their iPhones. Many may forecast that this sparkly, new brand is going to do fantastically, but it takes something truly special to grow into what Apple has today. Part of buying a business is the actual valuation alongside the business. If the branding and MOATs are there, but you are overpaying, it may be a great business with low or negative valuation returns. This is why they look for a defensible MOAT at a fair value rather than buying into the hot new craze each year.
Afternoon Session 38:42 - “You should write your obituary and then try and figure out how to live up to it.”
WARREN BUFFETT: Well, the main, (APPLAUSE) Charlie said the major mistake you could make, you know, you’re lucky if you’re in the United States. If you go around the world you don’t have a lot of choices in some places.
But you should write your obituary and then try and figure out how to live up to it.
And, you know, that’s something you get wiser on as you go along. The business mistakes, you just want to make sure you don’t make any mistakes that take you out of the game or come close to taking you out of your game. You should never have a night when you’re worried about investing, I mean, assuming you have any money to invest at all.
And you should just spend a little bit less than you earn. And you can spend a little bit more than you earn, and then you’ve got debt, and the chances are you’ll never get out of debt. I’ll make an exception in terms of a mortgage on your house.
But credit card debt, and we’re in the credit card business big time, and we’ll stay in the credit card business, but why get behind the game? And if you’re effectively paying 12% or 14% or whatever percent you’re paying on a credit card, you know, you’re saying, “I’m going to earn more than 12% or 14% of my money.”
And if you can do that, come to Berkshire Hathaway. So, it’s, I hate to say this when Charlie’s around me, but it’s straight out of Ben Franklin. I mean, (LAUGH) and it’s not that complicated. But you, well, I’ll give you a couple lessons.
You know, Tom Murphy, the first time I met him, said two things to me. He said, “You can always tell someone to go to hell tomorrow.” Well, that was great advice then. And think of what great advice it is when you can sit down at a computer and screw your life up forever by telling somebody to go to hell, or something else, in 30 seconds. And you can’t erase it.
And, you know, haven’t lost the option. And he said, you know, “Praise my name, criticize my category.” Well, what makes more sense than that? I mean, who do you like that criticizes you all the time? And you don’t need to vilify anybody to make your point on subjects of discussion.
And then the other general piece of advice, I’ve never known anybody that was basically kind that died without friends. And I’ve known plenty of people with money that have died without friends, including their family. But I’ve never known anybody, and you know, I’ve seen a few people, including Tom Murphy Sr. and maybe Jr., who’s here, (LAUGH) but certainly his dad, I never saw him, I watched him for 50 years, I never saw him do an unkind act.
I didn’t see him do very many stupid acts either. I mean, it wasn’t that he was non-discriminating, he just decided that there was no reason to do it. And wow, what a difference that makes in life. Charlie?
CHARLIE MUNGER: Well, it’s so simple to spend less than you earn, and invest shrewdly, and avoid toxic people and toxic activities, and try and keep learning all your life, et cetera, et cetera, and do a lot of deferred gratification because you prefer life that way.
And if you do all those things, you are almost certain to succeed. And if you don’t, you’re going to need a lot of luck. And you don’t want to need a lot of luck. You want to go into a game where you’re very likely to win without having any unusual luck.
WARREN BUFFETT: I’d add one more thought too, you need to know how people can manipulate other people, and you need to resist the temptation to do it yourself.
CHARLIE MUNGER: Oh yes, the toxic people who are trying to fool you or lie to you or aren’t reliable in meeting their commitments. A great lesson of life is get them the hell out of your life.
WARREN BUFFETT: Yeah.
CHARLIE MUNGER: And do it fast. (APPLAUSE) Do it fast.
WARREN BUFFETT: And I would add, Charlie would totally agree with me, do it tactfully, if possible, too. (LAUGH) But do get them out of your life.
CHARLIE MUNGER: Yes. Yeah, I don’t mind a little tact. (LAUGHTER) Or even a little financial cost. But the question is getting them the hell out of your life.
This last lesson is about being able to look into the future and try to shape your destiny for what you want. There will be a lot of times in your life when you can go on a trip, buy a shiny Rolex, or earn that instant gratification of something. It is important to recognize what the outcome may be of taking the gratification now. If you are taking out debt to pay for a big trip or a shiny, materialistic product should you really be overextending yourself? As Mr. Buffett mentioned, “You should write your obituary and then try and figure out how to live up to it.” This involves setting up your short-term and long-term goals in such a way that you will look back with no regret. Also, it is not that you won’t do something dumb or just stray away for a bit, but it is important that you adhere to your own long-term mission. For asset management, the long-term goal is typically to make more money next year than we did this year. That goal is not inherently bad, but there are some who are trying to make incredible returns in 5 days rather than putting in the work for the next decade. A fund manager may draw down on their credit just to play a short-term option or take a really risky bet because they will still get paid either way. We saw this with the most recent banking crisis and greed/instant gratification is something that everyone will continue to deal with. Next time you are making a decision ask yourself what the outcome may be both good and bad. What will happen to you, your reputation, or your business if it turns out bad? Value investors are in the business of surviving downturns and thriving during upticks. You may not be flying as high as the next, ARKK investment fund, but you are maintaining your values and reducing your risk.
submitted by JoshSnipes to ValueInvesting [link] [comments]
If you would to listen to me talk about this instead of reading it please see my Youtube video here.
The transcript was taken from CNBC's site.
Morning Session 43:24 - “What gives you opportunities is other people doing dumb things”
AUDIENCE MEMBER: Given the rise of disruptive technologies that can improve productivity significantly, and AI being one of them, how do you envision the future of value investing in this new era? And what adaptations or new principles do you think investors should adopt? And any recommendations for investors to remain successful in this rapid changing landscape? Thank you.CHARLIE MUNGER: Well, I’m glad to take that one. I think value investors are going to have a harder time now that there’s so many of them competing for a diminished bunch of opportunities. So, my advice to value investors is to get used to making less.
WARREN BUFFETT: And Charlie has been telling me the same thing the whole time we’ve known each other. I mean, we get along wonderfully because —
CHARLIE MUNGER: Well, we are making less.
WARREN BUFFETT: Yeah. Well, but that mostly I think is (Laughter) (UNINTEL PHRASE) —
CHARLIE MUNGER: We did that when we were younger.
WARREN BUFFETT: Yeah, we never thought we could manage $508 billion.
CHARLIE MUNGER: No, we never did.
WARREN BUFFETT: You know, but I would argue that there are going to be plenty of opportunities. And part of the reason there are going to be plenty of opportunities, the tech doesn’t make any difference for any of that. I mean, if you look at how the world’s changed in the years since 1942 when I started, you’d say, “Well, how does a kid that doesn’t know anything about airplanes, that doesn’t know anything about engines and cars, and doesn’t know anything about electricity and all that?” But new things coming along don’t take away the opportunities.
What gives you opportunities is other people doing dumb things. (Laughter) (Applause) Well, the 58 years we’ve been running Berkshire, I would say there’s been a great increase in the number of people doing dumb things. And they do big, dumb things, and the reason they do it to some extent is because they can get money from other people so much easier than when we started.
So, you could start ten or 15 dumb insurance companies in the last ten years, and you could become rich if you were adroit at it, whether the business succeeded or not, and the underwriters got paid, and the lawyers got paid. And if that’s done on a large scale — which it couldn’t be done 58 years ago.
You couldn’t get the money to do some of the dumb things that we wanted to do, (Laugh) fortunately. And so, I think that investing has disappeared so much from this huge capitalistic market that anybody can play in, but that the big money is in selling other people ideas.
It isn’t outperforming. And I think if you don’t run too much money, which we do — but if you’re running small amounts of money, I think the opportunities will be greater. But then Charlie and I always differed on this subject. He likes to tell me how gloomy the world is, and I like to tell him, “We’ll find something.” And so far, we’ve both be kind of right. (Laugh) Charlie, would you budge an inch on that, or not? (Laughter)
CHARLIE MUNGER: There is so much money now in the hands of so many smart people, all trying to outsmart one another and out-promote one another, getting more money out of other people. And it’s a radically different world from the world we started in. And I suppose it will have its opportunities, but it’s also going to have some unpleasant episodes.
WARREN BUFFETT: But they’re trying to outsmart each other in arenas that you don’t have to play. I mean, if you look at that government bond market, at the Treasury bill market, I mean, you have this one bill that’s out of line with the others, and went (UNINTEL PHRASE) $3 billion of it the other day.
But the world is overwhelmingly short-term focused. And if you go to an investor relations call, they’re all trying to figure out how to fill out a sheet to show the earnings for the year. And the management is interested in feeding them expectations, so we’ll slightly be beaten.
I mean, that is a world that’s made to order for anybody that’s trying to think about what you do that should work over five, or ten, or 20 years. And I just think that I would love to be born today, and go out with not too much money, and hopefully turn it into a lot of money. And Charlie would too, actually. (Laugh)
He would find something to do, I will just guarantee you. And it wouldn’t be exactly the same as before, but he would have a big, big, big pile.
One of the key points of the entire meeting is that many more people are fishing in the value investment pond. This overcrowding will likely lead to lower returns in the future. The key to finding great opportunities is other people doing dumb things or acting irrationally over the short term. Fund managers may be overly shorting or just selling stocks that genuinely are a good fundamental business. Over the last decade, many entrepreneurs and asset management companies have had an influx of money that they are not sure what to do with. This leads to new ideas being funded which would not have been during risk-off periods. My favorite quote from this section was “And if you go to an investor relations call, they’re all trying to figure out how to fill out a sheet to show the earnings for the year. And the management is interested in feeding them expectations, so we’ll slightly be beaten.” Many people are trying to beat their competitors every year, and as we saw in 2020 - 2022, through the use of leverage and buying overvalued companies because everyone else is. A lot of managers are not comfortable with sitting out of investing in manic periods because they do not want their cash to move to another fund. Value investors should look at the fundamentals of a company to determine a comfortable price. If the current market price is lower than your valuation it may be a sign to begin a position assuming all of your other research was correct.
Morning Session 1:50:14 - “We don’t get smarter but we get a little wiser”
AUDIENCE MEMBER: My question is for Warren and Charlie. Companies have the eternal dilemma between building products that can make profits and increase their company’s competitive position.In the best case, you can build products that have both characteristics at the same time, like Google did.
But most of the time, companies need to choose between short-term profits and long-term defensibility. For example, Amazon was focused on building their famous Amazon flywheel with limited profits initially, in order to obtain stronger network effects, with the hope of getting more defensible profits in the future.
When you invest, you constantly speak about the importance of building competitive moats. What advice would you give to CEOs about how to balance this dilemma, which is essentially short-term profits versus long-term defensibility? Thank you.
WARREN BUFFETT: Well, the answer is to control your destiny, which we’ve been able to do at Berkshire. We feel no pressure from Wall Street. You know, we don’t have investor calls. We don’t have to make promises. We get a chance to make our own mistakes, and occasionally find something that works well.
But we recognize that the people in this room and people like them are the ones that we’re working for. And we’re not working for a bunch of people that care about whether we meet the core estimate or anything. So, we have a freedom that we get to use.
And we’re interested in owning a wonderful business forever. We learned from many wonderful businesses. But we do learn a lot as we go along. Charlie and I have often mentioned how we learned so much when we bought See’s Candies, which we did.
But we learned when we bought Ben Rosner’s chain of women’s dress shops spread all over the eastern part of the country. We learned when we tried getting into the department store business back in 1966. And as the ink was drying on our purchase price, we realized we’d done something (Laugh) dumb.
I mean, we’re learning all the time how consumers behave. I’m not going to be able to learn the technical aspects of businesses. It’d be nice if I knew it, but it isn’t essential. And, you know, obviously we’ve got a business at Apple, which is larger than our energy business.
And we may only own five points, 6% or 7%. But our ownership goes up every year, and I don’t understand the phone at all. But I do understand consumer behavior. And I know how people think about whether to buy a second car. I know how they go out to different — we own auto dealerships.
We’re learning all the time from all of our businesses how people react to Garanimals versus selling them something else. And so, See’s was a sort of breakthrough. But we just keep learning as to more about how people behave and how a good business can turn into a bad business, and how some good businesses can maintain their competitive advantage over time.
And so, we don’t have some formula, Berkshire people. But we can also tell in ten seconds whether it’s something of interest. I mean, when I get these calls and we want to send decks and all that sort of thing, which is nonsense, I mean, it’s a bunch of guys (Laugh) that get paid for drawing up these projections of the future and everything like that.
If they knew the future, you know, we don’t know the future, but we do know certain kinds of businesses. We know what the right price is, and we know what we think we can project out in terms of consumer behavior and threats to a business. And that’s what we’ve been about and that’s what we’ll continue to be about.
We don’t get smarter over time, we get a little wiser, though, following it over time. And you can do it while sitting in the office with a telephone, too, which we like.
Compounding not only works in investment returns, but it also works with knowledge and wisdom. Much of the experiences they had with buying businesses through the decade led to Charlie Munger and Warren Buffett’s understanding of branding. Throughout this meeting and past meetings, they have talked about how Apple’s MOAT runs so deep that many people would give up a lot before giving up their iPhones. Many may forecast that this sparkly, new brand is going to do fantastically, but it takes something truly special to grow into what Apple has today. Part of buying a business is the actual valuation alongside the business. If the branding and MOATs are there, but you are overpaying, it may be a great business with low or negative valuation returns. This is why they look for a defensible MOAT at a fair value rather than buying into the hot new craze each year.
Afternoon Session 38:42 - “You should write your obituary and then try and figure out how to live up to it.”
AUDIENCE MEMBER: Mr. Buffett, in your annual shareholder letter this year, you said that Berkshire’s journey consisted of “continuous savings, the power of commanding, the American tailwind, and avoidance of major mistakes”. You have humbly admitted in the past that you have made many mistakes.But this is the first time that major mistakes stood out to me. Could you please advise us on what major mistakes we should avoid in both investing and in life? I would also like to have Mr. Munger’s thoughts too, please. Thank you very much.
WARREN BUFFETT: Well, the main, (APPLAUSE) Charlie said the major mistake you could make, you know, you’re lucky if you’re in the United States. If you go around the world you don’t have a lot of choices in some places.
But you should write your obituary and then try and figure out how to live up to it.
And, you know, that’s something you get wiser on as you go along. The business mistakes, you just want to make sure you don’t make any mistakes that take you out of the game or come close to taking you out of your game. You should never have a night when you’re worried about investing, I mean, assuming you have any money to invest at all.
And you should just spend a little bit less than you earn. And you can spend a little bit more than you earn, and then you’ve got debt, and the chances are you’ll never get out of debt. I’ll make an exception in terms of a mortgage on your house.
But credit card debt, and we’re in the credit card business big time, and we’ll stay in the credit card business, but why get behind the game? And if you’re effectively paying 12% or 14% or whatever percent you’re paying on a credit card, you know, you’re saying, “I’m going to earn more than 12% or 14% of my money.”
And if you can do that, come to Berkshire Hathaway. So, it’s, I hate to say this when Charlie’s around me, but it’s straight out of Ben Franklin. I mean, (LAUGH) and it’s not that complicated. But you, well, I’ll give you a couple lessons.
You know, Tom Murphy, the first time I met him, said two things to me. He said, “You can always tell someone to go to hell tomorrow.” Well, that was great advice then. And think of what great advice it is when you can sit down at a computer and screw your life up forever by telling somebody to go to hell, or something else, in 30 seconds. And you can’t erase it.
And, you know, haven’t lost the option. And he said, you know, “Praise my name, criticize my category.” Well, what makes more sense than that? I mean, who do you like that criticizes you all the time? And you don’t need to vilify anybody to make your point on subjects of discussion.
And then the other general piece of advice, I’ve never known anybody that was basically kind that died without friends. And I’ve known plenty of people with money that have died without friends, including their family. But I’ve never known anybody, and you know, I’ve seen a few people, including Tom Murphy Sr. and maybe Jr., who’s here, (LAUGH) but certainly his dad, I never saw him, I watched him for 50 years, I never saw him do an unkind act.
I didn’t see him do very many stupid acts either. I mean, it wasn’t that he was non-discriminating, he just decided that there was no reason to do it. And wow, what a difference that makes in life. Charlie?
CHARLIE MUNGER: Well, it’s so simple to spend less than you earn, and invest shrewdly, and avoid toxic people and toxic activities, and try and keep learning all your life, et cetera, et cetera, and do a lot of deferred gratification because you prefer life that way.
And if you do all those things, you are almost certain to succeed. And if you don’t, you’re going to need a lot of luck. And you don’t want to need a lot of luck. You want to go into a game where you’re very likely to win without having any unusual luck.
WARREN BUFFETT: I’d add one more thought too, you need to know how people can manipulate other people, and you need to resist the temptation to do it yourself.
CHARLIE MUNGER: Oh yes, the toxic people who are trying to fool you or lie to you or aren’t reliable in meeting their commitments. A great lesson of life is get them the hell out of your life.
WARREN BUFFETT: Yeah.
CHARLIE MUNGER: And do it fast. (APPLAUSE) Do it fast.
WARREN BUFFETT: And I would add, Charlie would totally agree with me, do it tactfully, if possible, too. (LAUGH) But do get them out of your life.
CHARLIE MUNGER: Yes. Yeah, I don’t mind a little tact. (LAUGHTER) Or even a little financial cost. But the question is getting them the hell out of your life.
This last lesson is about being able to look into the future and try to shape your destiny for what you want. There will be a lot of times in your life when you can go on a trip, buy a shiny Rolex, or earn that instant gratification of something. It is important to recognize what the outcome may be of taking the gratification now. If you are taking out debt to pay for a big trip or a shiny, materialistic product should you really be overextending yourself? As Mr. Buffett mentioned, “You should write your obituary and then try and figure out how to live up to it.” This involves setting up your short-term and long-term goals in such a way that you will look back with no regret. Also, it is not that you won’t do something dumb or just stray away for a bit, but it is important that you adhere to your own long-term mission. For asset management, the long-term goal is typically to make more money next year than we did this year. That goal is not inherently bad, but there are some who are trying to make incredible returns in 5 days rather than putting in the work for the next decade. A fund manager may draw down on their credit just to play a short-term option or take a really risky bet because they will still get paid either way. We saw this with the most recent banking crisis and greed/instant gratification is something that everyone will continue to deal with. Next time you are making a decision ask yourself what the outcome may be both good and bad. What will happen to you, your reputation, or your business if it turns out bad? Value investors are in the business of surviving downturns and thriving during upticks. You may not be flying as high as the next, ARKK investment fund, but you are maintaining your values and reducing your risk.
2023.05.16 18:38 tw_bot Berkshire Innovation Center will host a panel discussion on ... - Berkshire Eagle
 | submitted by tw_bot to tomorrowsworld [link] [comments] |
2023.05.15 15:45 SnooDogs9048 VEQT TOP HOLDING (STOCK & WEIGHT %)
Hello, I like stats, and was curious about the top holding of VEQT (individual stocks not ETF) so i did a table with it and wanted to share with you. This is only for fun and thought it was intersting, this is not to start a debate on VEQT. *Disclaimer i hold VEQT.
## Process
Looked at the underlying ETF Weight
Then looked at their holding (all of them). Then looked calculated their weight of all stock of those ETF compare to VEQT. Example: APPL is 6.09% of VUN, VUN is 42.90% of VEQT. SO APPL is 2.61% of VEQT, etc.
TOP 100 individual stock of VEQT by weight
submitted by SnooDogs9048 to CanadianInvestor [link] [comments]
## Process
Looked at the underlying ETF Weight
| VEQT ETF | WEIGHT % |
|---|---|
| VUN | 42.90% |
| VCN | 29.60% |
| VIU | 20.20% |
| VEE | 7.30% |
TOP 100 individual stock of VEQT by weight
| Stock | Weight in individual ETF | Weight in VEQT | VEQT - TICKER |
|---|---|---|---|
| Apple Inc. | 6.09000% | 2.61% | VUN |
| Microsoft Corp. | 5.27000% | 2.26% | VUN |
| Royal Bank of Canada | 6.53000% | 1.93% | VCN |
| Toronto-Dominion Bank | 5.30000% | 1.57% | VCN |
| Enbridge Inc. | 3.76000% | 1.11% | VCN |
| Canadian Pacific Railway Ltd. | 3.48000% | 1.03% | VCN |
| Canadian National Railway Co. | 3.41000% | 1.01% | VCN |
| Amazon.com Inc. | 2.21000% | 0.95% | VUN |
| Canadian Natural Resources Ltd. | 2.93000% | 0.87% | VCN |
| Bank of Nova Scotia | 2.92000% | 0.86% | VCN |
| Bank of Montreal | 2.87000% | 0.85% | VCN |
| Shopify Inc. | 2.65000% | 0.78% | VCN |
| NVIDIA Corp. | 1.60000% | 0.69% | VUN |
| Alphabet Inc. | 1.52000% | 0.65% | VUN |
| Brookfield Corp. | 2.12000% | 0.63% | VCN |
| Suncor Energy Inc. | 2.04081% | 0.60% | VCN |
| Tesla Inc. | 1.37000% | 0.59% | VUN |
| BCE Inc. | 1.98525% | 0.59% | VCN |
| Berkshire Hathaway Inc. | 1.32000% | 0.57% | VUN |
| TC Energy Corp. | 1.91191% | 0.57% | VCN |
| Nutrien Ltd. | 1.87033% | 0.55% | VCN |
| Alphabet Inc. | 1.29000% | 0.55% | VUN |
| Alimentation Couche-Tard Inc. | 1.86689% | 0.55% | VCN |
| Canadian Imperial Bank of Commerce | 1.82181% | 0.54% | VCN |
| Constellation Software Inc./Canada | 1.74649% | 0.52% | VCN |
| Waste Connections Inc. | 1.73768% | 0.51% | VCN |
| Meta Platforms Inc. | 1.16000% | 0.50% | VUN |
| Manulife Financial Corp. | 1.66743% | 0.49% | VCN |
| Exxon Mobil Corp. | 1.10000% | 0.47% | VUN |
| Barrick Gold Corp. | 1.58554% | 0.47% | VCN |
| UnitedHealth Group Inc. | 1.08515% | 0.47% | VUN |
| Johnson & Johnson | 0.99194% | 0.43% | VUN |
| TELUS Corp. | 1.37872% | 0.41% | VCN |
| JPMorgan Chase & Co. | 0.94249% | 0.40% | VUN |
| Franco-Nevada Corp. | 1.35162% | 0.40% | VCN |
| Sun Life Financial Inc. | 1.33326% | 0.39% | VCN |
| Visa Inc. | 0.89629% | 0.38% | VUN |
| Procter & Gamble Co. | 0.86195% | 0.37% | VUN |
| Intact Financial Corp. | 1.22577% | 0.36% | VCN |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 4.89000% | 0.36% | VEE |
| Nestle SA | 1.75000% | 0.35% | VIU |
| Cenovus Energy Inc. | 1.17859% | 0.35% | VCN |
| National Bank of Canada | 1.16867% | 0.35% | VCN |
| Agnico Eagle Mines Ltd. | 1.12981% | 0.33% | VCN |
| Mastercard Inc. | 0.76015% | 0.33% | VUN |
| Home Depot Inc. | 0.73914% | 0.32% | VUN |
| Wheaton Precious Metals Corp. | 1.05833% | 0.31% | VCN |
| Eli Lilly & Co. | 0.72183% | 0.31% | VUN |
| Thomson Reuters Corp. | 1.03033% | 0.30% | VCN |
| AbbVie Inc. | 0.69303% | 0.30% | VUN |
| Chevron Corp. | 0.68800% | 0.30% | VUN |
| CGI Inc. | 0.98963% | 0.29% | VCN |
| ASML Holding NV | 1.45000% | 0.29% | VIU |
| Restaurant Brands International Inc. | 0.98728% | 0.29% | VCN |
| Fortis Inc./Canada | 0.98719% | 0.29% | VCN |
| Tencent Holdings Ltd. | 4.00000% | 0.29% | VEE |
| Merck & Co. Inc. | 0.66290% | 0.28% | VUN |
| Broadcom Inc. | 0.65718% | 0.28% | VUN |
| Novo Nordisk A/S | 1.32000% | 0.27% | VIU |
| PepsiCo Inc. | 0.61690% | 0.26% | VUN |
| S&P500 EMINI FUT Jun23 | 0.60268% | 0.26% | VUN |
| MKTLIQ | 0.60077% | 0.26% | VUN |
| Pembina Pipeline Corp. | 0.86670% | 0.26% | VCN |
| Coca-Cola Co. | 0.59351% | 0.25% | VUN |
| Samsung Electronics Co. Ltd. | 1.24000% | 0.25% | VIU |
| LVMH Moet Hennessy Louis Vuitton SE | 1.20000% | 0.24% | VIU |
| Pfizer Inc. | 0.56346% | 0.24% | VUN |
| Teck Resources Ltd. | 0.79264% | 0.23% | VCN |
| Thermo Fisher Scientific Inc. | 0.54593% | 0.23% | VUN |
| Dollarama Inc. | 0.79093% | 0.23% | VCN |
| Costco Wholesale Corp. | 0.54178% | 0.23% | VUN |
| WSP Global Inc. | 0.74715% | 0.22% | VCN |
| AstraZeneca plc | 1.09000% | 0.22% | VIU |
| McDonald's Corp. | 0.50323% | 0.22% | VUN |
| Shell plc | 1.06000% | 0.21% | VIU |
| Roche Holding AG | 1.04000% | 0.21% | VIU |
| Walmart Inc. | 0.48853% | 0.21% | VUN |
| S+P/TSX 60 IX FUT JUN23 XMOD 20230615 | 0.69960% | 0.21% | VCN |
| Magna International Inc. | 0.69379% | 0.21% | VCN |
| Bank of America Corp. | 0.47819% | 0.21% | VUN |
| Cisco Systems Inc./Delaware | 0.47352% | 0.20% | VUN |
| Fairfax Financial Holdings Ltd. | 0.68411% | 0.20% | VCN |
| Loblaw Cos. Ltd. | 0.68050% | 0.20% | VCN |
| Salesforce Inc. | 0.46642% | 0.20% | VUN |
| Power Corp. of Canada | 0.66859% | 0.20% | VCN |
| Novartis AG | 0.97000% | 0.20% | VIU |
| Walt Disney Co. | 0.44970% | 0.19% | VUN |
| MSCI EAFE JUN23 IFUS 20230616 | 0.94000% | 0.19% | VIU |
| Accenture plc | 0.44237% | 0.19% | VUN |
| Metro Inc./CN | 0.63293% | 0.19% | VCN |
| Adobe Inc. | 0.43260% | 0.19% | VUN |
| Abbott Laboratories | 0.43250% | 0.19% | VUN |
| Alibaba Group Holding Ltd. | 2.54000% | 0.19% | VEE |
| Shaw Communications Inc. | 0.62356% | 0.18% | VCN |
| Linde plc | 0.42998% | 0.18% | VUN |
| First Quantum Minerals Ltd. | 0.62183% | 0.18% | VCN |
| Toyota Motor Corp. | 0.89808% | 0.18% | VIU |
| Texas Instruments Inc. | 0.41408% | 0.18% | VUN |
| Danaher Corp. | 0.40618% | 0.17% | VUN |
| Tourmaline Oil Corp. | 0.58044% | 0.17% | VCN |
Summary of Top Holding in Weight
| Top 10 | 14.21% |
|---|---|
| Top 25 | 23.43% |
| Top 50 | 33.10% |
| Top 100 | 44.34% |
| Top 200 | 56.30% |
| Top 500 | 71.86% |
| Top 1000 | 82.83% |
2023.05.15 13:05 ViralGeo PJ McDonald Obituary, PJ McDonald Eagle Hill School administration membe...
 | submitted by ViralGeo to u/ViralGeo [link] [comments] |
2023.05.04 22:04 Kix2Sophus Called support about empty forecast for the whole city and got these. 4hrs to go
 | submitted by Kix2Sophus to UberEatsDrivers [link] [comments] |
2023.05.04 01:32 Delicious-Sea4952 Do Mormons have no consideration for others?
I’m so angry— a local Utah man, who was convicted of a brutal rape of a disabled woman, committed suicide and his obituary makes him look like he was the best person ever—Eagle Scout, LDS mission, blah, blah. Does his family have no consideration for his multiple victims? His mother’s social media is filled with glowing praise from ward members. The right/classy thing would to be to have a private funeral and just a death notice in the paper. It’s like they’re all going to pretend that he didn’t use an LDS dating app to find victims.
submitted by Delicious-Sea4952 to exmormon [link] [comments]