Online reflection 3 - Warren Buffet

I have chosen to reflect on Warren Buffets book "The snowball".

Warren Buffet is a very well known person and one of the richest in the world. He is born in Omaha, Nebraska in U.S. He is a very talented investor and has built his main fortune by investing in shares. Warren Buffets advice to get rich on stocks is to invest in long-term businesses and businesses that you know well. He buys stocks from companies who he knows alot about and dosen't do complex products. That is why his business portfolio dosen't invest in IT-businesses. Buffet has always used his gut feeling to make his investments. Another advice is not to sell stock as soon as you see the stocks loose value. Even tho Warren Buffet is one of the wealthiest men alive he still lives a sparingly lifestyle and is known for not to waste money on luxury things.

Reflection
I like his investments philosophy very much that you should buy stocks in companies that you know well and in long-term. That will probably help you to have better chance making money on your investments since you have better insight in these line of business. What I think is weird is the fact that he lives like a "normal person" even if he is one of the richest persons on earth. My point is, what's the meaning to be so rich if you don't need the money? By that I mean not that you'll waste money but what's the point for him to have that much money? I mean from the beginning he wanted to make as much money as possible. However, he has said he will donate 85 percent of his fortune to charity after his death which will be the biggest donation ever.

I think money needs to be a motivation factor to be successful like Warren Buffett, but on the other side, I think money will come along the way if you like your job and doing it well. Many people assume Warren Buffett as the world's best investors of all time, and I basically agree. But since the stock marked has incresead dramatically since Buffet started with stocks, it is not surprising that he got the increase in value so many years ago.

The reason why I believe Buffet has succeeded so well with his investment in stocks compared to many others is because, as I said before, that he only invested in companies that the knew was smart to invest in and had knowledge of. Another reason is that he had te patience to allow the stocks to grow for several decades, rather than panic just because a stock price fell sharply in 1 or 2 years. His ”coolness” and his patience has made him one of the world’s richest.

Online reflection 2

I think the economy needs to be improved in many different ways. Firstly, I agree with the woman who says that the private sector controls and owns to much industries in many of these countries. This results in that it makes just a little percent of the population rich, who is also controlling other big parts of the economy. If we could transfer more industries and companies to the public sector, it would help the economy to grow slow in the long run, and so that the economy becomes more distributed. But I think the main problem is that it is difficult to influence and to do some big changes about the economy because as this point, there are too many problems around the world. For example the conflict in Syria and the continue reduction of all commodities etc. But I believe if we could solve all these problems first, preferably as soon as possible, we could improve the growth in economy in the future and may reach the 7% growth as the woman was talking about.

I think the second video was very interesting, and it also motivated me in many ways. Firstly I think everyone should live their lives as they want to. If more people do that, we will perform much better at work, and in general feel so much better with ourselves. This could perhaps and hopefully lead to a better chance to succeed in what we do for our living. I have talked to many people who do not like their jobs and says that they always wanted to do something else if they had the chance to start all over again. I think this is a big problem today. I think there are far too many people who are too afraid to do what they really want to do. They are simply just too afraid to fail. I think it is better to fail because then you have at least tried to do what you really wanted to do. And after all, you can always find something else you want.

I will always, as long as I live, have the courage to try to do my best in the things that I am really passionate about. If I do not, I am not being fair to myself. The reason why this is so important to me is because I really believe that it will make me more happy and more thankful as a person and start appreciate my life more. As I said before, I really believe in and recognize myself when he talked about wisdom and said: ”If you believe in what you do, you should have a wise future”.

Migrant crisis

How to manage the migrant crisis

The Economist

There are different views on how to deal with the current migrant crisis. Some people believe that we should stop all migrants from coming to countries in Europe, while others believe it is okay to let some of them in.

It is important to separate between voluntary and involuntary migration. Many people move voluntarily and this is called voluntary migration. There can be various reasons for migration, such as demographic, economic, social, environmental, religious or political reasons. In this case it is not voluntary migration. People who migrate or are forced to migrate are often refugees. Forced migration may be due to religious, political just as voluntary migration, ethnic or other forms of discrimination or persecution. People who are forced to flee because of this is called political refugees. Forced migration can also be due to economic reasons, such as if one lives under the UN poverty lines.

As the authors emphasize, refugees are sensible and normal people, but they are in a desperate situation. Most of the one million refugees have fled from their homes in Syria, Iraq, Afghanistan and other countries in war, in search to come to the peaceful and wealthy Europe. As the authors of this text said, most of the refugees do not want to leave their home or country, but they have no other choice when the alternative is to die or live in country who battles in war. Then they make the only rational choice.

From what I read in this text it seems that the authors have strong opinions on how to handle the refugees, but would not say it straight out. It seems like the Economist are on the liberal side of politics, but they want to buy themselves out of the problem. As we know, refugees seeking often to countries in Europe, but they are often not very welcome. Although the authors of this text speak nicely about these people who are forced to flee, we would rather not have them in Europe.

The authors will stop the refugees before they get to Europe, and if they manage to come in they will be interned in camps and wait until the application is processed. In addition, the authors of the article want them to be working. As said, they speak nicely about the people, but by the way they want to treat them- it shines through that they dont trust them and would rather not have them in Europe. I believe the reason why they talk nice about the refugees is because they will not appear as racists. But still they can gladly pay and then neighboring countries can accept the refugees.

The situation is out of control and it is too easy for refugees to get into Europe without being checked for asylum. In this case there are many migrants who have come into a country without being checked demands for asylum, because they have lied about where in the world they come from. So one way to try to stop migrants from coming to Europe is to get a better system where we "screen" all migrants when they try to cross the Mediterranean or when they try to come to Europe's borders. If they get disapproved of asylum they will be sent back, and those that are approved should preferably be sent to other countries that will accept them. But there's really no one who wants them in their own country.

But on the other hand, some people argue that the best way to deal with this crisis is not stopping refugees or building fences. If this is done it can lead to more dangerous forms of smuggling, but nevertheless ensure that the asylum system in every EU state operates on the same high standards.

Whether migration is based on pulse- or push-factors, legal and illegal or voluntary and involuntary factors are solicited and baked appeal a better life.