Loading ...
Sorry, an error occurred while loading the content.
 

Re: [AWES] Warren Buffett quotes

Expand Messages
  • dave santos
    If billionaires were smarter, quoting them would work better. Buffet is hardly the aviation expert to tutor us for AWE, but this misleading quote has a
    Message 1 of 8 , Dec 23, 2011
      If billionaires were smarter, quoting them would work better. Buffet is hardly the aviation expert to tutor us for AWE, but this misleading quote has a hidden truth-

      As of 1992, in fact—though the picture would have improved since then—the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.
      — Warren Buffett, billionaire investor, interview 1999

      A big reason for low US airline profitability is strong pilot unions. My dad was an airline pilot, so i was raised on the pitiful business that frustrates poor Warren Buffet so. Despite his fortune, when in the sky, Warren is just a passenger. Brian, note that the FAA is pilot-lead as well. This strange conspiracy of organized labor and government regulation puts a lid on laissez faire capitalism in the sky. Most of the world is free of the sway of this weird subculture, if that is what AWE needs. I propose we start our AWE pilot union as well.
       .
       
    • blturner3
       This strange conspiracy of organized labor and government regulation puts a lid on laissez faire capitalism in the sky. That sentence makes my point
      Message 2 of 8 , Dec 23, 2011
        " This strange conspiracy of organized labor and government regulation puts a lid on laissez faire capitalism in the sky."
        That sentence makes my point nicely. Unless one is anti-capitalism but that is a different debate.

        An AWE pilots union is an entertaining idea. Right now, both of them could go on strike and they would starve before anyone noticed.

        Brian


        --- In AirborneWindEnergy@yahoogroups.com, dave santos <santos137@...> wrote:
        >
        >
        >
        > If billionaires were smarter, quoting them would work better. Buffet is hardly the aviation expert to tutor us for AWE, but this misleading quote has a hidden truth-
        >
        > As of 1992, in factâ€"though the picture would have improved since thenâ€"the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.
        > â€" Warren Buffett, billionaire investor, interview 1999
        >
        >
        > A big reason for low US airline profitability is strong pilot unions. My dad was an airline pilot, so i was raised on the pitiful business that frustrates poor Warren Buffet so. Despite his fortune, when in the sky, Warren is just a passenger. Brian, note that the FAA is pilot-lead as well. This strange conspiracy of organized labor and government regulation puts a lid on laissez faire capitalism in the sky. Most of the world is free of the sway of this weird subculture, if that is what AWE needs. I propose we start our AWE pilot union as well.
        >  .
        >
      • dave santos
        Bob,   You make a good point about aviation parts with fake certifications. This sort of black market has less to do with respect for the FAA than just
        Message 3 of 8 , Dec 23, 2011
          Bob,
           
          You make a good point about aviation parts with fake certifications. This sort of black market has less to do with "respect" for the FAA than just simple greed by weak characters. But this not the wealthiest sector of aviation, there is far more money invested in compliance with the FAA. So Titans like Boeing or AirBus may not have the extreme profitability of a counterfeit parts mafia, but by playing the pro game with the FAA and ICAO as referees, they play in the real Big League.
           
          It will be the same in AWE, the rich big leagues will have FAA referees (who were formerly pilots themselves), and the small raggedy players will play touch-football without a helmet. They really are not in competition, and a real player does both,
           
          daveS
           
          PS To Brian- Of course pilots do not starve on strike any more than Warren Buffet shot Orville; this is just hyperbolic expression masquerading as reason. In truth organized pilots are a sky power to reckon with, as AWE will soon experience as it seeks access to airspace. My ambition is to be a gigawatt-scale kite-farm pilot, and in my mind the union is already in existence, as a natural extension of ALPA, the historic model, and yes it is a funny way of thinking to many folks.
           
          My dad reluctantly allowed me to take his extra copy of this classic union narrative on my R&D quest in the Pacific NW-

          Amazon.com: Flying the line: The first half century of the Air Line ...

          www.amazon.com/Flying-line-century-Pilots.../dp/0960970800Cached - Similar
          Amazon.com: Flying the line: The first half century of the Air Line Pilots Association (9780960970803): George E Hopkins: Books.

           
            
        • Dave Lang
          ... Maybe true....I sure don t know the fact of this statement.....BUT....I can tell you one self-evident, incontrovertible fact: Since its inception,
          Message 4 of 8 , Dec 23, 2011
            Re: [AWES] Warren Buffett quotes

            As of 1992, in fact—though the picture would have improved since then—the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.
            — Warren Buffett, billionaire investor, interview 1999

            Maybe true....I sure don't know the fact of this statement.....BUT....I can tell you one self-evident, incontrovertible fact:   Since its inception, Aviation has had a  profound impact upon mankind, and has created a huge industry and job base!

            Even if Mr Buffet is correct in his facts, remember, to him, the bottom line is PROFIT.....but, what the heck good is that "per se" except to the ones who receive same (if starving on a desert island, I'll take a piece of stale bread to a million $ check).

            As a culture we have long been erroneously fixating on profit as the defining "parameter of excellence and optimal resource allocator", while it seems that "pure profit driven decision" only rises to excellence (and optimal quality of life) when marketing conditions force it to, otherwise it is a parameter with little in the way of "heart".

            ......at least that's how I see it. Happy holidays everyone :-)

            DaveL
          • Dan Parker
            Hi Dave Lang and Group, Alas, so wisdom shines through. A merri berri Christmas to all.
            Message 5 of 8 , Dec 23, 2011
              Hi Dave Lang and Group,
               
                                      Alas, so wisdom shines through. A merri berri Christmas to all.
               
                                                                                                          Dan'l
               
              ps. right on Dave!
               

              To: AirborneWindEnergy@yahoogroups.com
              From: SeattleDL@...
              Date: Fri, 23 Dec 2011 14:21:40 -0800
              Subject: Re: [AWES] Warren Buffett quotes

               

              As of 1992, in fact—though the picture would have improved since then—the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.
              — Warren Buffett, billionaire investor, interview 1999

              Maybe true....I sure don't know the fact of this statement.....BUT....I can tell you one self-evident, incontrovertible fact:   Since its inception, Aviation has had a  profound impact upon mankind, and has created a huge industry and job base!

              Even if Mr Buffet is correct in his facts, remember, to him, the bottom line is PROFIT.....but, what the heck good is that "per se" except to the ones who receive same (if starving on a desert island, I'll take a piece of stale bread to a million $ check).

              As a culture we have long been erroneously fixating on profit as the defining "parameter of excellence and optimal resource allocator", while it seems that "pure profit driven decision" only rises to excellence (and optimal quality of life) when marketing conditions force it to, otherwise it is a parameter with little in the way of "heart".

              ......at least that's how I see it. Happy holidays everyone :-)

              DaveL


            • blturner3
              It was probably inappropriate of me to bring up capitalism in a technical forum. I was just disappointed that the FAA s totalitarian/socialist regulation
              Message 6 of 8 , Dec 27, 2011
                It was probably inappropriate of me to bring up capitalism in a technical forum. I was just disappointed that the FAA's totalitarian/socialist regulation methods have failed to bring forth the fruitful skies of my imagination. Maybe these skies are impossible and the FAA has nothing to do with it. But in my mind, as profound as aviation's impact has been, it is still far short of what it could be.

                Brian

                --- In AirborneWindEnergy@yahoogroups.com, Dave Lang <SeattleDL@...> wrote:
                >
                >
                > >As of 1992, in fact—though the picture would
                > >have improved since then—the money that had been
                > >made since the dawn of aviation by all of this
                > >country's airline companies was zero. Absolutely
                > >zero.
                > >— Warren Buffett, billionaire investor, interview 1999
                >
                > Maybe true....I sure don't know the fact of this
                > statement.....BUT....I can tell you one
                > self-evident, incontrovertible fact: Since its
                > inception, Aviation has had a profound impact
                > upon mankind, and has created a huge industry and
                > job base!
                >
                > Even if Mr Buffet is correct in his facts,
                > remember, to him, the bottom line is
                > PROFIT.....but, what the heck good is that "per
                > se" except to the ones who receive same (if
                > starving on a desert island, I'll take a piece of
                > stale bread to a million $ check).
                >
                > As a culture we have long been erroneously
                > fixating on profit as the defining "parameter of
                > excellence and optimal resource allocator", while
                > it seems that "pure profit driven decision" only
                > rises to excellence (and optimal quality of life)
                > when marketing conditions force it to, otherwise
                > it is a parameter with little in the way of
                > "heart".
                >
                > ......at least that's how I see it. Happy holidays everyone :-)
                >
                > DaveL
                >
              Your message has been successfully submitted and would be delivered to recipients shortly.