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I took away 3 things:

1. CEOs have become very greedy. (Elon's pay package) 2. America will experience a downturn and the market could go down > 50%. 3. He's not giving a penny more to The Gates' foundation.





Only a temporary fall:

> Our stock price will move capriciously, occasionally falling 50% or so as has happened three times in 60 years under present management. Don’t despair; America will come back and so will Berkshire shares.


It doesn't take the Oracle of Omaha to come up with the bet the American economy will come back out of the next downturn.

I'd skip the Gates foundation at any wealth level.

Elon's pay package is not about getting paid. he just want to retain control of Tesla, since they're going to be producing vast numbers of robots.



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