Not doubting you, but any specific examples of him supporting monopoly?
Or are you saying the general environment of high finance supports this?
No doubt he had more money than he needed but if this is referring to his preference for coka-cola and apple stock / any stocks with the ability to set their own prices because of market dominance, I feel like that’s not a totally fair criticism.
And this bit is tripe: “Buffett is the avatar of monopoly. This is a guy whose investments philosophy is literally that of a monopolist. I mean, he invented this sort of term, the economic ‘moat,’ that if you build a moat around your business, then it's going to be successful. I mean, this is the language of building monopoly power.”
Seeking moats isn’t monopolistic. It’s inherent to competition.
Or are you saying the general environment of high finance supports this?
No doubt he had more money than he needed but if this is referring to his preference for coka-cola and apple stock / any stocks with the ability to set their own prices because of market dominance, I feel like that’s not a totally fair criticism.