abstract engineer blogspot

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Tuesday, 1 March 2011

The Oracle of Omaha is a fitting name.

Posted on 08:50 by hony
Here's the letter Warren Buffett sent to his shareholders this weekend. I particularly enjoyed this sensibility:
Money will always flow toward opportunity, and there is an abundance of that in America.
Commentators today often talk of “great uncertainty.” But think back, for example, to December 6,
1941, October 18, 1987 and September 10, 2001. No matter how serene today may be, tomorrow is always uncertain.
Don’t let that reality spook you. Throughout my lifetime, politicians and pundits have constantly moaned about terrifying problems facing America. Yet our citizens now live an astonishing six times better than when I was born. The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for unleashing that potential – a system that has worked wonders for over two centuries despite frequent interruptions for recessions and even a Civil War – remains alive and effective.
We are not natively smarter than we were when our country was founded nor do we work harder. But look around you and see a world beyond the dreams of any colonial citizen. Now, as in 1776, 1861, 1932 and 1941, America’s best days lie ahead.
Sensibility like this is anathema to the financial sector.

The problem with B-H stock is that you can't buy it for 66 bucks a share anymore.


_

Email ThisBlogThis!Share to XShare to Facebook
Posted in | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • 5 Years
    Five years ago tomorrow I started this blog. I was working at a job I didn't particularly like nor found mentally fulfilling, and the bl...
  • This Tesla Love-Fest Has Got To End
    Over at The Oatmeal, a popular online comic, there's a sprawling, gushing graphic about Nikola Tesla. Inside it, Edison is referred to ...
  • I promise to stop writing about STEM soon. Just not yet.
    Imagine you are a tech company that makes widgets. You've gotten a factory in China to make the parts for the widgets for a tiny amount....
  • The Worst Science Idea of 2010 - Genspace Now Open For Disaster
    Here's the idea : Let's build a lab where anyone, literally anyone, can come and tinker with microorganisms. Better yet, let's m...
  • A Single Button
    When your grandchildren see F-35 fighter jets streaking through the skies above our fair country, probably at air shows and hopefully not ...
  • Hack The Body
    I have a short lunch today so I must be brief, but I wanted to point to these two articles, both published today: Monkey controls robot hand...
  • Engineering: A Bubble?
    One of the things about engineers that people forget (or don't) is that we have a really high employment rate, an average salary that ea...
  • Vaporware In It's Purest Form
    So a "small British company" claims to have built a jet engine that is going to make jet engines look like propellor engines [ re...
  • The Hero Project
    Jonah Lehrer reports on Phil Zimbardo's latest project (remember the Stanford Prison Experiment?) in San Fransisco: a school for heroes...
  • Competing Interests in Environmental Friendliness
    Bike lanes encourage cities to be more environmentally friendly. So do driverless cars. But to me they seem competing in interest. A city wi...

Blog Archive

  • ►  2013 (41)
    • ►  July (4)
    • ►  June (7)
    • ►  May (4)
    • ►  April (6)
    • ►  March (8)
    • ►  February (8)
    • ►  January (4)
  • ►  2012 (91)
    • ►  December (8)
    • ►  November (5)
    • ►  October (11)
    • ►  September (8)
    • ►  August (8)
    • ►  July (3)
    • ►  June (10)
    • ►  May (12)
    • ►  April (3)
    • ►  March (9)
    • ►  February (10)
    • ►  January (4)
  • ▼  2011 (205)
    • ►  December (11)
    • ►  November (14)
    • ►  October (10)
    • ►  September (18)
    • ►  August (18)
    • ►  July (10)
    • ►  June (15)
    • ►  May (11)
    • ►  April (32)
    • ▼  March (24)
      • More on Obama's Energy Speech
      • Quote for the Day - Revisionist History Edition
      • List of Bad Ideas, Day 2,158
      • Infinite Free Energy Reported...But Not Found
      • Greed and Growth at War With Each Other, Ctd
      • Greed and Growth at War With Each Other
      • The Abstracted Gymnast
      • An Ingenius, Flawed Plan
      • Kindle and the end of the "book era"
      • What We Can Do
      • Successful Drones vs. Failed Savants
      • Military Bashing
      • The Problem With Using "Decile" Divisions
      • Live Like Me Syndrome
      • From the Annals of Hypocrisy
      • How You Are Helping the Terrorists With Each and E...
      • Hey Jonah, Why the Apparent Contradiction?
      • Nuclear Fission Fusion
      • Battle: Los Angeles is a Battle to believe in
      • Kindle 3G
      • In which I argue by analogy that we MUST raise taxes
      • NASA evisceration of the day
      • Bleeding Heart Libertarians
      • The Oracle of Omaha is a fitting name.
    • ►  February (16)
    • ►  January (26)
  • ►  2010 (163)
    • ►  December (20)
    • ►  November (20)
    • ►  October (23)
    • ►  September (28)
    • ►  August (28)
    • ►  July (29)
    • ►  June (15)
Powered by Blogger.

About Me

hony
View my complete profile