This translation has been automatically generated and has not been verified for accuracy.Josh “The Reformed Broker” Brown is the CEO of New York-based Ritholtz Wealth Management and a frequent guest on CNBC. In a recent podcast appearance, Mr. Brown speculated on the interesting possibility that Amazon.com Inc. founder Jeff Bezos has replaced Warren Buffett as the world’s greatest capitalist.
“I came away from the Berkshire Hathaway [annual meeting] very dispirited”, said Mr. Brown. “I felt like it was just the decline of Buffett and Buffett-ism."He went on to suggest that “If Berkshire is on their way out as the bastion of capitalism as a religion, maybe it’s the Bezos letter that we start to enshrine as the annual check-in with the world’s greatest capitalist.”
Both Mr. Galloway and Mr. Brown interpreted the move as indicative of a CEO who is truly and decisively running a giant company for the long term. Mr. Brown also said, “you could not dream up a better conglomerate than Amazon” to deal with the current pandemic.
globeinvestor You mean wold's worse capitalist/criminalist. You should listen what Max Keiser said about him. He is the worse even if only 5% of what Max said were true,. But it is more than that. On the other hand, name one good capitalist. That from societal point of view.
globeinvestor The globe and mail is complicit with worldwide sex trafficking wait for it. Royal family the Clintons the Catholic Church it’s massive
globeinvestor PigGateTunnels
globeinvestor $2.6 million non-disclosure agreement paid to a former student what did the father really see
globeinvestor PigGateIsReal
globeinvestor Name 5 clean energy stocks that have gained material market cap value in this downturn.
globeinvestor A lot of trading is being done by algorithms - automated trading, black-box trading, or algo-trading as it is known. It makes no sense for markets to go up. Consumer spending will be the real benchmark as the economies around the world start to open up.
globeinvestor Yes, he was replaced when: he sold walmart stake, then sold airlines and finally when he called Bitcoin a non value asset. Bitcoin is being considered finally as a way to fight the printing machine of the FED and future inflation.
globeinvestor The people who drive the bulk of the investment money are not the bulk of the people.
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