• plyth@feddit.org
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    2 days ago

    Bezos and Buffett seem to be long-term strategists. Amazon will lose if China and Alibaba become the hegemon. All of Buffett’s long-term investments will fail if Chinese companies rule the world.

    Managers are judged by quarterly reports, billionaires are not.

    • Guy Ingonito@reddthat.com
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      2 days ago

      What’s effectively the difference between Bezos having 100 billion dollars versus having just 8 or 9 billion?

      To his lifestyle, what he is able to buy for himself - functionally nothing.

      But what happens when the unemployment rate is 14% and interest rates are zero? That’s the magic formula for them, that’s where they can actually do whatever they want to whomever they want.

      When Wayfair employees organized and staged a walkout to protest ICE that freaked out every CEO with lots of white collar employees. When female microsoft employees told the press that Bill Gates was a creepy sex pest to them that freaked out every CEO who saw his position as a way to leverage sex.

      • plyth@feddit.org
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        2 days ago

        what he is able to buy for himself

        To compete with Musk in building rockets.

        There are always things that more money can buy.

        walkout to protest ICE

        That’s circular. ICE exists to introduce the new direction

        freaked out every CEO

        CEOs, but not billionaires. Those with billions can be as creepy as they want as Musk and his bought mothers show.

        anyone at that level is capable of thinking about long term

        that’s where they can actually do whatever they want

        What would that be? Unless they all long for the most depraved sex and immense environmental destruction I don’t know what they couldn’t do.

        They need to keep the army intact or America’s power will quickly dissolve. They need to keep people innovative or their army becomes useless with outdated weapons.

        Owning a bunch of desperate humans is not fun.

        There must be a reason to go along, but it must be something ‘good’. People do the most vile things to do something good.

        • Guy Ingonito@reddthat.com
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          2 days ago

          You’re giving these people far too much credit. They are of average intelligence, their success hinges entirely on preexisting wealth and a mindset where they always get what they want.

          • plyth@feddit.org
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            1 day ago

            I think that’s a comforting assumption. They are not unfathomable intelligent but they are more intelligent than most people. If they were average, society could reign them in easily.

            • Guy Ingonito@reddthat.com
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              1 day ago

              I suppose it depends on how dumb you think the average person is. I’ve worked for the outragously rich and successful and it’s definitely not their intelligence that got them where they are. Bezos, Musk, Theil, Gates are all successful because they were in the Right Placetm Right Timetm and have a relentless drive to get what they want.