Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7061411715069968384
#BerkshireHathaway #WarrenBuffett-#CharlieMunger on #Engineers as #Bankers, #ArtificialIntelligence, #Banking & #Finance, #ElonMusk, #FinancialMarkets, #Stocks and #Living #Life: One May Not Agree with all the #Century-#Wise #WizardsOfOmaha Say, One Will Always be #Informed by Listening to Them: https://lnkd.in/gBuVg6Be :
Why We #Build #SmartMinds #Using #SmartTools #Smartly:
“What gives you #opportunities is other people doing dumb things… In the 58 years we’ve been running Berkshire, I would say there’s been a great increase in the number people doing dumb things, and they do big dumb things…” [More #Originals Needed, In a World Full of #Fakes: #Human & #Artificial:: https://lnkd.in/gCFn-PCS%5D
#Building #Resilient #Sustainable #Banking-#Finance Better with #Engineers:
“I don’t think having a bunch of #Bankers all of whom are trying to get #rich leads to good things. I think a #Banker should be more like an #Engineer, he’s more into avoiding trouble…[preventing a ‘#shipwreck’ as of #Titanic…] (aka #RiskManagement) than in getting #rich (aka #BettingTheBank on #Speculative #Gambling).”: https://lnkd.in/ecvGyKvB : [ #SiliconValleyBank #SVB #Failure From #RiskManagement #Malpractice #HIDING #Unrealized #Losses: https://lnkd.in/gkGA9B2j : #Swiss #Bank #Credit #Suisse Crisis Unrelated to #SiliconValleyBank Failure: https://lnkd.in/gBjbQ7Gb ].
#ArtificialIntelligence vs. #RealIntelligence Where We Lead the World:
“We are going to see a lot more #Robotics in the world. I’m personally #skeptical of some of the hype that is going on about #ArtificialIntelligence. I think #Old #Fashioned #Intelligence Works Pretty Well! #Einstein said after invention of the #AtomBomb, this will change everyting except ‘#HowMenThink’, #AI Can Change Everything Except ‘#HowMenThinkAndBehave’…” [#AI #Pioneers #Warning of #AI #Dangers Ahead: https://lnkd.in/gw_KSRfR #Controlling #AI: #Professional #Skeptics: https://lnkd.in/gKpABzfx : With #GPT-#LLM #AI is increasingly reliant upon #Human #Intelligence: https://lnkd.in/gvCJkXyU :]
And That’s WHY Why We #Build #SmartMinds #Using #SmartTools #Smartly…
#Cash Is NOT #Trash: ‘#CashIsTrash’ – #Bloomberg 2021 Frequent Quote: “Anyone who thinks cash is trash ought to look at the Federal Reserve balance sheet. It is just astounding the way $100 bills have spread. Believe me, cash is not trash.” [How #CashIsTrash perpetuated by #SuperBubble #Machines : e.g.: Is the global #Crypto #HouseOfCards Built on #FreeMoney and #CashIsTrash Coming Down: https://lnkd.in/gGy4bPTN : Calling a #SuperBubble: “Low #rates have created, I think, the biggest evil in our society, and that is inequality.”: https://lnkd.in/gXnyQvXs : ]
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