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Buffett warns that too much 'tribalism' is dangerous

Buffett & Munger2022-05-02video4:19Open original ↗

2 chunks · 3,104 chars · 3 speaker-tagged segments

SpeakersWarren1Questioner1Charlie1
[0:00]
WarrenMy general sense, and there's no way to prove it, but I essentially believe people are now behaving somewhat more tribal than they have for a long time. And, I mean, people are always going to be partisan, and they're going to have religious beliefs. They're going to have all kinds of things, but it gets pretty tribal. And I want to tell you, I speak from experience because I've been tribal. And, you know, we're confessing today. And, you know, Nebraska football is tribal. And when I watch a television set and I see our guys step, Nebraska, step out of bounds by a foot, but somehow the ref misses it and calls it in, and then they show six replays, I'll continue to believe it was in, even though it's right in front of my eyes, and then they stepped out. that's tribal behavior and and it's fun i mean participated but it gets it can get very dangerous when people one group of people say two plus two is five and another say it's two plus two is three you know and they're going to give you those answers if you call them and the interesting thing is to me at least and partly because of my age but i actually think that just from memory uh that the last time that the country was seen as tribal was actually when i was a kid and roosevelt was in either you hated roosevelt or you loved him i mean nobody cared about the fact alflanda was running or windle woke he was running against them they just had these feelings they either had roosevelt's picture on the wall and named their kids after roosevelt or they hated him and uh and they thought he was going to going to you know no third term and you know i mean a million things and the country was very very tribal in the 30s but roosevelt's tribe was bigger and in my opinion they did some wonderful things but i happen to grow up in a household where we didn't get served dessert until we said something nasty about roosevelt i mean i'm speaking and believe me if you don't get get dessert you're going to say something to ask me about roosevelt and so you trained them young and you know all kinds of things and uh so i've been i've seen a i think i've seen a period that that it wasn't that way when you know eyes not was running against stevenson or you know or whatever it might be i mean it uh uh uh people they didn't they didn't they had a partisan behavior and they had a them out of tribal always but i i think it i don't think it's a good development for society
[3:15]
Questionergenerally when people get tribal regardless and i mean it's uh charlie what tribes are you members of
Charliewell in california we have a legislature which is completely gerrymandered so nobody can ever be thrown out by the voters and therefore the only people in the legislature are insane rightist and insane leftists together every 10 years and there's usually six moderates somewhere in the legislature and so they rejigger all the districts to throw them out because neither party can stand them now that is government in california and and you live there and you have to go back yes yes i'm sure you'll have to welcome and i prefer living there they're living in russia