SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (265046)10/29/2003 4:47:03 PM
From: Mark Adams  Read Replies (2) of 436258
 
recommending that we borrow Squanderville Dollars to invest in Thriftville and Squanderville land.

If we use Japan as an example of Thriftville in the late '80s, then we may ask: "How did that work out for them?"

Buffet's use of the island example is welcome story, a simplification to aid in understanding. It's not unlike one I worked up, which shows how the increase in savings by squanderville and resultant pay down in debt to thriftville reinforces the deflationary spiral some have expressed concern about.

I loath being on the opposite side of the table of the likes of him, Faber, Rogers, and Templeton, but that is where I find myself. I suppose reading all those books about how the US was going to he** in a handbasket during the '80s helped immunize me a bit to TEOTWAWKI.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News