Monday Musings

I am still suffering adverse effects from the first dose of the Shingrix vaccine. As such, I do not have the same perspective I have when I am less encumbered by physical maladies.

Becky Quick of CNBC interviewed Warren Buffett, Charlie Munger and Bill Gates this morning. First, a politically incorrect remark: Becky Quick has great legs. Why it’s not OK to express that view but is OK to praise someone for being a great singer is beyond me. Both are products of genetics.

Quick asked her guests about Bitcoin. Here are two comments:

Buffett: Bitcoin is an asset that creates nothing.

Munger: Bitcoin is worthless, artificial gold.

Millennials will dismiss those remarks as being the thoughts of old fogeys. (Buffett is 87, Munger is 93.) However, automatically assuming that anything new, anything created while a person is young and “vital” is progress is also a prejudiced viewpoint. Most of us suffer from temporal arrogance, but many young people of today push the arrogance to new heights. Neither human beings nor their institutions are perfect; therefore, no creation or development is automatically good just because it’s new.

All three men opined that the world is a much better place now than it was, say, 100 years ago. Munger mentioned that cars of today are remarkable feats of engineering in that a car purchased new today can be driven for ten years without any major problems. Buffett and Gates said that the world was less violent, healthier and wealthier than in generations past.

I would like to add that, IMO, a significant reason why people don’t see or acknowledge progress is that it is not in the interest of politicians to acknowledge progress. If the world is better, then why do we need more government programs?

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A picture of a 1964 Corvette convertible I took this weekend at a monthly gathering “sponsored” by a local Corvette club. I LOVE C2 Corvettes. This was the only C2 at the show; most of the cars were C5, C6 or C7 models like the two blue Vettes parked next to the ’64. I grow more determined by the day to acquire a restomod C2 Corvette.