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In other words, as CEO & Chairman of the board, Buffet gets to spend more money than any normal billionaire's market cap on growing and expanding his holdings and as many know, Berkshire Hathaway pays no dividends to its shareholders, all of the dividends under the umbrella are Warren's for his business operations.
Buffet pays $10 for a haircut, and dines on burger and fries. He will have a hard time spending $100 billion.
Trust me, you can fuck, eat great foods, and grow your holdings without losing anything.
It gets so old hearing people talk economics as if it will be tomorrow,as it is today.
Well,I guess they are right. The world has never experienced any economic problems.
Excerpt: "Bezos crossed the threshold just as Amazon prepares to kick off its 36-hour summer sales event, Prime Day. The company’s share price was $1,825.73 at 11:10 a.m. in New York, extending its 2018 gain to 56 percent and giving Bezos a $150.8 billion fortune.
His net worth has soared by $52 billion this year, which is more than the entire fortune of Mukesh Ambani, the newly crowned richest person in Asia. It also puts Bezos’s personal fortune within spitting distance of the Walton family’s $151.5 billion, which is the world’s richest dynasty."
Here's the problem with news like above ... it's all about Amazon's market cap.
Sure, the lowly Warren Buffet, with a mere ~$83B cap according to the same article, doesn't mention one thing ... Berkshire Hathaway, every single year, gets nearly $100B in dividend checks for simply holding onto its multi-trillion dollar portfolio.
In other words, as CEO & Chairman of the board, Buffet gets to spend more money than any normal billionaire's market cap on growing and expanding his holdings and as many know, Berkshire Hathaway pays no dividends to its shareholders, all of the dividends under the umbrella are Warren's for his business operations.
That's real power, not some market cap, media headline nonsense!