Für alle Einzelgänger

Ich selbst war letztes Jahr auch das erste Mal auf der Gamescom. Auch alleine. Und dieses Jahr werde ich wieder hingehen. Wieder alleine.

Es gibt dieses Jahr aber auch wieder den Gamescom discord. Dort kann man auch spontan am Messetag reinschreiben ob man sich z.b. in halle 8 treffen will.

Just saying. So klappt es vlt noch besser Leute kennenzulernen.

Vlt sieht man sich da haha

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u/ThatWierdFinanceGuy — 2 days ago

Surprise, Surprise! An Important American Record is Smashed

Disclaimer: This is part of one of Berkshire Hathaway`s annual letter from 2024. I don´t own it, but I think it fits this sub and teaches a valuable lesson when investing.

Sixty years ago, present management took control of Berkshire. That move was a mistake – my mistake – and one that plagued us for two decades. Charlie, I should emphasize, spotted my obvious error immediately: Though the price I paid for Berkshire looked cheap, its business – a large northern textile operation – was headed for extinction.

The U.S. Treasury, of all places, had already received silent warnings of Berkshire’s destiny. In 1965, the company did not pay a dime of income tax, an embarrassment that had generally prevailed at the company for a decade. That sort of economic behavior may be understandable for glamorous startups, but it’s a blinking yellow light when it happens at a venerable pillar of American industry. Berkshire was headed for the ash can.

Fast forward 60 years and imagine the surprise at the Treasury when that same company – still operating under the name of Berkshire Hathaway – paid far more in corporate income tax than the U.S. government had ever received from any company – even the American tech titans that commanded market values in the trillions.

To be precise, Berkshire last year made four payments to the IRS that totaled $26.8 billion. That’s about 5% of what all of corporate America paid. (In addition, we paid sizable amounts for income taxes to foreign governments and to 44 states.)

Note one crucial factor allowing this record-shattering payment: Berkshire shareholders during the same 1965-2024 period received only one cash dividend. On January 3, 1967, we disbursed our sole payment – $101,755 or 10¢ per A share. (I can’t remember why I suggested this action to Berkshire’s board of directors. Now it seems like a bad dream.)

For sixty years, Berkshire shareholders endorsed continuous reinvestment and that enabled the company to build its taxable income. Cash income-tax payments to the U.S.

Treasury, miniscule in the first decade, now aggregate more than $101 billion . . . and counting.

Huge numbers can be hard to visualize. Let me recast the $26.8 billion that we paid last year.

If Berkshire had sent the Treasury a $1 million check every 20 minutes throughout all of 2024 – visualize 366 days and nights because 2024 was a leap year – we still would have owed the federal government a significant sum at yearend. Indeed, it would be well into January before the Treasury would tell us that we could take a short breather, get some sleep, and prepare for our 2025 tax payments.

tl:dr: don`t invest in something because of taxes. OC here: https://berkshirehathaway.com/letters/letters.html

reddit.com
u/ThatWierdFinanceGuy — 1 month ago
▲ 604 r/BMW2002

My dad with his 2002 tii

My dad past away four weeks ago and this pic was taken just after he finished his last ever car ride in his old bmw 2002 tii. He did all the tuning himself for more than 26 years.

u/ThatWierdFinanceGuy — 3 months ago
🔥 Hot ▲ 7.6k r/FoundPhotos+1 crossposts

The picture was taken after finishing his last car ride in his old bmw 2002 tii. He died 3 weeks later. As you can tell he was a car guy.

Edit: He was diagnosed with late stage cancer in August 24" and stopped treatment after 18 months in february this year. He turned 62 a week before he died.

u/ThatWierdFinanceGuy — 4 months ago