The Isolated Blurt Thread

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PSA


OMAHA, NE— Berkshire Hathaway Inc.’s 2016 Annual Report to the shareholders will be posted on the Internet on Saturday, February 25, 2017, at approximately 8:00 a.m. eastern time...






ETA:




Letter To Shareholders of Berkshire Hathaway Corporation
-Warren E. Buffett




...One word sums up our country’s achievements: miraculous. From a standing start 240 years ago – a span of time less than triple my days on earth – Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers.


You need not be an economist to understand how well our system has worked. Just look around you. See the 75 million owner-occupied homes, the bountiful farmland, the 260 million vehicles, the hyper-productive factories, the great medical centers, the talent-filled universities, you name it – they all represent a net gain for Americans from the barren lands, primitive structures and meager output of 1776. Starting from scratch, America has amassed wealth totaling $90 trillion.


It’s true, of course, that American owners of homes, autos and other assets have often borrowed heavily to finance their purchases. If an owner defaults, however, his or her asset does not disappear or lose its usefulness. Rather, ownership customarily passes to an American lending institution that then disposes of it to an American buyer. Our nation’s wealth remains intact. As Gertrude Stein put it, “Money is always there, but the pockets change.”


Above all, it’s our market system – an economic traffic cop ably directing capital, brains and labor – that has created America’s abundance...



 
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:rose: sending hot e-compresses your way. Do you have borage over there? I hear its a good homeopathic for the affliction.

It's very mild. I'm just icky and uncomfortable. Thanks for being sweet. You will not be on my hit list today. You're in the clear. :D

:heart::kiss::rose:
 
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not the trace, that's Nashville to Natchez, beautiful drive

Thanks! Didn't realize it was west, at the start. I've been on Higheway 61, etc., but never the Trace. :(

That overlook at Chattanooga looks amazing, also. Was that where the Union batteries were located?
 
Thanks! Didn't realize it was west, at the start. I've been on Higheway 61, etc., but never the Trace. :(

That overlook at Chattanooga looks amazing, also. Was that where the Union batteries were located?

There were some good battles there
All the big names showed up
 
Oh, it has been a nice spring. Nice and warm and dry.


Just wait until it is 120° in August.
 
Oh, it has been a nice spring. Nice and warm and dry.


Just wait until it is 120° in August.

There was someone wanting another person for a Grand Canyon trip in August. That would be a miserable trip except when being in the water.
 
Bring on the 120 degrees! I'll take them.

Cook the shrimp cakes on the driveway!

There was someone wanting another person for a Grand Canyon trip in August. That would be a miserable trip except when being in the water.

The dry heat is much more doable for me. August? Yeah, I would have to think about signing up for that trip.

That's not the problem. It's the 120% humidity here.

Humidity is the devil. I have been on the east coast full time for a year now. The humidity is less painful with each passing day.
 
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