Applaloosa Management is still looking good

[Tbe]

1 minute ago, 4Corners said:

If I was a billionaire, I can promise you the world would be a better place. I certainly wouldn’t spend $80 million bulldozing a house in the hamptons. Think about how much student debt he could have paid off for people. Or cancer research.
 

Think about all the people the house project employed. The buzzdozers, the equipment manufacturers, the construction workers, the suppliers, etc. That 80 mill fed a lot of people.

Reminds me of that European country (forgot which one) that emplemented a huge yacht tax and then watched as all the 100 year old boat manufacturers go out of business.

Charity is great, but economic activity is better in the long run.

[4Corners]

How hard can it be to manage a hedge fund? I know I could easily do it and provide everyone with a generous ROI. 

[mrcompletely11]

4 minutes ago, 4Corners said:

How hard can it be to manage a hedge fund? I know I could easily do it and provide everyone with a generous ROI. 

[LinvilleGorge]

Let's be honest, is it really that impressive?

It's a near perfect mirror image of the S&P 500.

 

[travisura]

2 hours ago, Ricky Spanish said:

I understand this line of thinking, but the more you look into anything you spend your money on in this world you can find 500 human rights violations on the way down.

I get there are different levels of separation to it and we should all try to be better, but there's blood on all our hands.

Which is why people say that there is no ethical consumption under capitalism.

[kungfoodude]

1 hour ago, WarHeel said:

I’m sure if corners ever received a large sum inheritance he’d share it with all of us out of the goodness of his heart. 

He'd die huffing leaded gasoline in a Western NC trailer park within a week.

[ForJimmy]

4 hours ago, LinvilleGorge said:

Oh, for sure. David Tepper is way smarter than me when it comes to financial matters and investments. 100%.

But I sleep real well at night. He probably does too but I couldn't if I was him.

It’s a slippery slope though. Where do you draw the line? Too much corruption in this world to not contribute to it in some way, shape, or form. I understand certain lines have to be drawn though. 

[WarHeel]

1 hour ago, 4Corners said:

If I was a billionaire, I can promise you the world would be a better place. I certainly wouldn’t spend $80 million bulldozing a house in the hamptons. Think about how much student debt he could have paid off for people. Or cancer research.
 

I have more student loans than most on here and don’t expect anyone to pay them off for me. 
 

Guess we will never know what you’d actually do if you had the money but my bet is not much. You live like a king compared to third world countries but I don’t see you giving away tour possessions to go live in poverty with them. 

[The NFL Shield At Midfield]

Tepper isn't going to invite you into his apocalypse bunker guys

[LinvilleGorge]

28 minutes ago, The NFL Shield At Midfield said:

Tepper isn't going to invite you into his apocalypse bunker guys

The delicious irony is he won't be invited either. These wealthy morons think they'd be fine because they build bunkers and hire a bunch of private security but if the poo hits the fan guess who's actually going to be in the bunkers? The private security guys and their families. All your millions and billions basically just became worthless and they have guns so what are you gonna do about it?

[Bear Hands]

"Billionaires shouldn't exist but if I was one, I'd be the very bestest most caring one ever!"

[4Corners]

55 minutes ago, Bear Hands said:

"Billionaires shouldn't exist but if I was one, I'd be the very bestest most caring one ever!"

[Bear Hands]

I'll be honest, if I was a billionaire I'd still be about 51% selfish, 29% wealth management, 20% spread the wealth.  Massive generalizations, but you get the drift.  I'm more around 84-15-1 at this point haha

[Johnstonny]

I did just as well as those returns on my own...and damn skippy i'd of done better on the Panther org...so fug mister brainiac ...photo memory beotch.... its a fluke in the universe dipper is a billionaire.