193
Top hedge funds make record $67bn in profits for 2023
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 22 Jan 2024
193 points (99.0% liked)
News
23301 readers
1135 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Trying to figure out if I can afford groceries this week.
Go look outside in your hedge.
Why did they do this meme with Warren? By all accounts he's one of the "better" billionaires. This should be Bezos, or one of the Devos or Koch assholes.
Hes not a better billionaire, he has better PR and he knows to shut up and disappear when hes the one being an asshole, like during the rail workers strike. Not every billionaire has the disease Trump and Elon have where they don't know how to shut up. And there are much worse people, who get away with it, because they know how to shut up. Honestly its so bad with them that I bet if Trump simply knew when to shut up he'd be aquited by now.
A better billionaire would donate the majority of their money losing billionaire status.
Buffett has already donated the majority of his wealth, otherwise he would be wealthier than Musk.
He also announced that whatever is left when he dies will be donated as well, and publicly challenges other billionaires to do the same.
The patagonia guy "donated" his wealth too -- to a nonprofit that is run by and directly benefits his family, avoiding massive amts of taxes. I'm sure Warren will be a good Billionaire, though, even though that's an oxymoron.
Donations can reduce your taxes, but you always lose more from the donation than you get back in tax breaks.
There's levels to everything. I'd say Bezos, Devos, Koch, Waltons are far far worse and have done massive damage to our country.
Every year or so I get an order at work from Koch. They suck so very hard at engineering but they have so much money. It took me a while to notice it but every "engineer" I worked with over there was super good at giving you the impression that they knew what they were doing but didn't infact know. Their paperwork looks great, they talk a great talk And that is where it ends.
Just in case this insight is useful to you since you rightfully hate Koch.
I hate them for starting the Tea Party and starting us down the path of Trump insanity.
Probably because the dead squirrel is reminiscent of Buffett's "cigar butt" investing philosophy.
But Buffett ultimately gave up that philosophy when he started working with Munger.
He certainly is!
I’m moving in with my parents to pay off debt. EDIT: Ironically, a large portion of the debt was incurred by paying for groceries with credit cards.