Even as an economically semi-literate person, I couldn’t have avoided the mention of the financial heavyweights – Warren Buffett and George Soros. When these two claim something, people are nowhere from speculating: Are they selling or buying?
Buffett famously proclaimed: “The good news I can tell you is that to be a great investor you don’t have to have a terrific IQ. If you’ve got 160 IQ, sell 30 points to somebody else because you won’t need it in investing. What you do need is the right temperament.”
Well, this claim is more than misleading. Talent is clearly connected to IQ: if you have an IQ of 180 (one in 20 696 863) your chance to have a super-duper talent for investing drastically increases.
What I am aiming for? The really best investors are in the shadow. I quote my old article: “… the best is hiding in their anonymity investing for the super-rich interest groups. And their IQ? 160-180 points I guess…”
They truly give good advice. It is up to people to evaluate it.
While George Soros is notable for funding a lot of foundations many of them, I must admit, go against the establishment.
Warren Buffett and George Soros are both notable for giving to good causes. But the preferences of Mr. Buffet are different from the aforementioned intentions of George Soros.
Are Warren Buffett and George Soros serving someone above them?
Well, this shouldn’t have been a question as the answer is obvious. Since the American establishment is created from the super-rich groups, they must get along with them.
The capitalization size of Buffett’s empire indicates that huge players have their stake.
This goes the same with Mr. Soros. But since Warren Buffett and George Soros must know the political inside, they know that the US politics is ridden with patron-client relationships. This is partly misleading, but it could be simplified as the more money you have, the more power you exert over politicians.
Simply, the politicians serve the super-rich – much richer than Warren Buffett and George Soros.
Mr. Soros is said to work with every convenient interest group. One former Czech president said about George Soros that he is serving the richest.
What about their biggest hypocrisy?
George Soros and Warren Buffett, however – like them or not – share one big hypocrisy. And it is about politicians destroying the US, and the Czech Republic respectively.
George Soros, when visiting Prague, had a special concern for the Romani people. He had a talk with then PM Petr Nečas. He said he had personally succeeded in integrating Romani people. Now it is time for the government. He is not so rich (even though his cronies could have made the poor Gypsies rich people).
But he added: “We would have wanted a lot from our politicians.” What? Petr Nečas, no matter what used to have a very complicated position in the big chess games. And he must have played simultaneously 50 separated games.
As a politician, you are restrained in power constellations when one move can change everything.
And give me a break? George Soros, the embodiment of clientelism, doesn’t know that? It is like being a top mathematician unable to add 2+2.
“The only thing that’s hurting the country is Congress,” Buffett proclaimed (CNBC (August 2011)). Yes, since politicians do nothing but fulfill orders of their lobbyists who are connected to the super-rich connected to Warren Buffett and George Soros. A US president is in such a situation that he can do very little, blocked by a clogged political background system.
Conclusion
While only a few people reach the mastership Warren Buffett and George Soros possess, these two should be avoided in receiving economic advice.
The final thing – if I am using dynamite to destroy a building, it is very offensive to tell the builders they should manage better next time.
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