Warren Buffett’s Struggle With Class Struggle

October 13, 2020

In his recently published book, “Evil Geniuses: The Unmaking of America,” Kurt Andersen examines and deconstructs the past 50 years of economic history in the US. He tells the story of a disastrous but well-orchestrated trend toward rising and aggravated income inequality that has permitted...

Playing the Market No Longer Resembles a Game

October 08, 2020

Despite their exponentially growing fortunes, life is becoming harder for the world’s richest billionaires. The Guardian’s Warren Murray offers his top story of the day with this headline: “Billionaires ‘worried by own sheer wealth.’”  The Swiss bank UBS has been studying the...

How Billionaires Take Seriously the Proverb “Charity Begins at Home”

August 06, 2020

What is the point of having a billion dollars? Most people would say, after observing the behavior of recent billionaires, that the point is to turn the first billion into multiple billions. If you don’t spend it or bury it in the ground, money grows. That’s a law of nature. And when you have...

The Era of Centibillionaires Is Upon Us

January 30, 2020

A year ago, there was only one person in the world whose fortune clocked in at over $100 billion. At the time when Jeff Bezos reached that plateau, most people felt that because it was so exceptional, the English language didn’t need a specific word to describe that category of person. Now,...

Mark Cuban Tells Us How to Get Rich

December 14, 2018

Mark Cuban, who may run for US president in 2020, believes poverty is the first step that everyone must go through before becoming rich. The Daily Devil’s Dictionary explains.  The worldviews of billionaires are often skewed by the compulsion to appeal to romantic notions about their own...

The Daily Devil’s Dictionary: “Significance” of Billionaires

May 25, 2018

Charlie Munger, the supposed alter ego of Warren Buffett, “significantly” takes on Elon Musk, the founder of Tesla. Those who know his name know Charlie Munger as Warren Buffett’s alter ego. They attribute to him a similar level of unassailable wisdom about stocks, even though with a net...

The Daily Devil’s Dictionary: Your “Attention” Please

January 29, 2018

George Soros takes aim at digital media giants Facebook and Google. At Davos, billionaire hedge fund manager and market manipulator George Soros is emerging as the Che Guevara of the digital era, the scourge of the new tyrants at the head of the postmodern capitalist order. Soros has opened...