Top 10 financial tips to “poor people” from Warren Buffet . . .

Photo above - Warren Buffet says to STOP buying Powerball tickets and read a book instead. See below for more astounding advice from the sage of Omaha . . .

The link below is to MSN.com. And with a headline like that, you just KNOW it has to be BS, right?

Actually, MSN is a compensated partner of “gobankingrates.com”, which was founded in 2004, and lists 407 Uluniu Street #412, Kailua, Hawaii as its legal address. When you google this address, it’s a 3 story “medical arts pavilion” primarily operated plastic surgeons where gobankingrates.com is leasing office space. Okay, do we have enough of a level-set now?

There is no evidence that the author of this article – Josephine Nesbit – ever interviewed Warren Buffet at any time in her life. In fact, there’s no evidence that this even a real person. The only Josephine Nesbit in Wikipedia is the commanding officer of US military nurses in Bataan during World War 2, and she died of old age 30 years ago. So was this article written by Artificial Intelligence? Josephine, if you’re reading this, please reply.

In any case, Josephine’s advice to “poor people” is hilarious. It includes things like:

- buy a wonderful company at a fair price, rather than a fair company at a wonderful price (you can see why I’m suspicious about AI involvement)

- Pay off all your credit cards

- Consider side hustles to make ends meet: delivering newspapers, retrieving & selling used golf balls, buffing cars . . .

- Stop gambling and wagering (actually, this is good advice for anyone, rich or poor)

If you want to read the entire list, it's in the link below.

So why am I picking on poor “Josephine” and gobankingrates.com? Because there is tidal wave of crapola like this flooding the internet. Disjointed ramblings cobbled together from previous articles. Previous articles which may have been written by AI as well.

This is known as “recursive AI cannibalism”. Where expert systems scour the internet ten times a second looking for new text to refine its own content. And – in the case of gobankingrates.com – to shove it at us (with advertising) through its partners like MSN, CNN, and MarketWatch. And many of their "partners" are the same banks hawking credit cards which the site is urging us to pay off.

I have just one suggestion about what “poor people” should do this year. Research the election issues, and don’t get snookered into voting for a cult, or someone who promises to wave a magic wand and make your personal debts disappear by increasing the national debt. This advice applies to the middle class and rich people, too.

I’m just sayin’ . . .

~Warren Buffett: 10 Things Poor People Waste Money On (msn.com)~