infrastructure damage that has to be rebuilt. We're certainly not looking at the civilians that have been killed in Iran and the hundred plus billion dollars of damage to their economy. All of that is destructive, and yet if we went back to the end of February,the beginning of March, every market participant would have expected this would have been substantially worse. And
We are undoubtedly going to be the freest country in the world. dollars , what can you do with that?
Jeremy Grantham. Your firm managed up to 165 billion dollars at its peak, what you we call AUM, assets under management. So, you know a lot about money. You know a lotabout investing. How do you sort of self-define your expertise because you traverse so many different subjects
America. And America right now, I don't see any movement through Congress. I Where Where is this hundred billion dollars going to the region to make up for their lost tourism? I I don't remember seeing that bill come through Congress last week. So, um I'm justputting a little humorously to point out, these countries are losing a fair bit right now, and that tourism may not come back for a while.
actually quite busy right now participating in the Russia-Ukraine conflict. You know, making billions of dollars and sending weapons and troops there and you know, they're being celebrated by Chinese leadership and Russian leadership. Why do they reallyneed Americans? And in that case, have Americans lowered
were having a talk with their management team. And that question I popped up, and my simplest answer was, Well, if you have a company want to spend X many amount of dollars . You learn to keep your mouth shut, and and that's the biggest thing. And so, knowing that my words carry so much more than Joe Schmoes words that arespewing hate on my comments, you know, he could say the most negative, derogatory thing. And I could say one thing back, and all of a sudden I'm the bad person.
trying toe honor native people. But most people don't know that the term Redskins actually refers to bounty hunters who would murder, right? They were paid $6.5 dollars , $3 respectively, for the bloody Redskins of native men, women and Children. And so that that that there is this history, or that when we think about old, you know,black and white Westerns and we think about scalping, that people still continue to think that's not that That, actually, was the French who were scalping came into play.
Cool. So I've got a couple questions about your book for you. dollars , in the first place.
versus nuclear weapons is that nuclear weapons are very difficult to build, whereas AI weapons, like drones, you can build one with a few hundred dollars and, you know, some spare time.How do you see small actors come into this picture?
$5 billion of premium, with the obligation that he would make good any decline in the value of that portfolio from $37 billion dollars to any number below.For $5 billion in cash, which they gave Berkshire, Berkshire pledged to make them whole, whatever the decline took.
So it's very difficult for any one person to get 51% of the power once Bitcoin gets so large. dollars or gold was fantastic.
so this is Charles LaVine who has no relatives to speak for him so um I will tell you he made his first million dollars by collecting all the metal from World War I the scrap metal and selling it back to the the government so he wasa little bit of a Shyer here he is um Landing in Germany with Chamberlain to
important is to protect especially wild lands that are still wild um and and that's I mean that dollars of educational it's a lot and so we're really excited about it and it's
implementation of that is this constant dance between um it takes millions of dollars to outfit a geological and geophysical surveying vessel and the fleet that's out there now therefore has an enormous amount invested in thecurrent technology and the aays of air guns that are being used um so figuring
world in uh value in dollar value yeah total dollars 700 billion okay 700 billion that's a big number a lot of $100 billsyeah any other estimates two trillion okay
dollars , and everybody says, "Oh, this person's so wonderful. They're so generous. They're so fantastic."
dollars or whatnot. So say a little bit about that.
dollars , for this organization to be able to basically go out on its moped, you know, two hours into the village and make a hundred dollar loan disbursement and then every week
dollars , they will then just, the only condition is they have to lend it out to someone and then over the course of the year theyíll get paid back and withdraw that cash.
dollars . That's roughly the economic cost of Hurricane Katrina every year.
dollars a year, it's a completely different issue. Also, I have to say -- and I don't say it in the book, but it's one of the things that causes a sharp discussion with my friends
dollars of loss in the housing market.
dollars an episode. And I have to say, it looks it.
dollars . If you've got counter space and the cash, it's certainly very easy and they look
dollars scanning these books, but to say that's available.
dollars of money uh it's amazing the disposable income Latinos spend more
dollars and be ok.
dollars . I've seen devices that being set, where it's like a key chain. It can be mass produced obviously for a single
dollars waste treatment plant uh out uh in east boston but they it's and a lot of it's made out of sort of it's been i
dollars a month and California is not going to be average so people spend down
dollars they cannot do what they need to do if we're going need to if we're going
dollars uh uh loans out there all the time and if you look think about lending and lending to women right now which
dollars for ten minutes and uh michael jackson in arizona or somewhere
dollars a bottle so craft beer really represents this great affordable luxury so Dogfish Head we're still growing
dollars to basically develop their ideas. Further taking them to a much much larger mainstream audience. And the reason they are able to innovate is because they are small
dollars a year to make sure that everything you do on it is legal. If you are going to make copies of movies, you need a giant film lab, no more. You and I, we make thousands
dollars over the time I was there to help the school district make the change, then now the school's districts nutrition services is totally budget neutral and financially
dollars that they would buy pages in magazines or billboards.
dollars just to go surfing so for us it's uh very very satisfying to see that
dollars on this classroom the faculty's first act was in fact to turn it off to say we don't have any idea why we wanted
dollars condemning that type of Behavior as opposed to condemning the rights of
dollars have lost valuation. Um I think they're in a tough spot. I think the side of the business that's the healthiest and that I focus
dollars the opposite happened as we now know Savings and Loans were taken over
few dollars from private companies with no court order and no probable cause.
public dollars to build private infrastructure only in the places where it is not economical to build
million dollars you can do really quickly or 10. And I know that the the the world is like I can't believe that I
million dollars are gone because they aren't good enough they have to go back to the market market and sell and get another million dollars of
of dollars and something else, and Jake knows this, most of the taxes in America
billion dollars in Russian assets. And this is a problem because the very basis for having the US
trillion dollars . The attorney generals, the states put that a much lower figure, 200 billion.