Shane Parrish

I know.

They tell their opinions and then you lose debate and you lose and then you lose perspective because you don't hear the other side of it.

So you think there is no other side.

And anybody who believes that might be an idiot.

Because another way to look at that, and I'm not arguing for this by any stretch, is that they come here, they make a lot of money, and they send that money home to their family.

You see?

I've yet to meet somebody who totally disagrees with all immigration.

It's a matter of what reasonable immigration looks like.

Buffett and Munger had a good way to sum this up, which is never ask your barber if you need a haircut.

I want to switch gears a little bit.

My kids had a question for you.

Oh, good.

A few years ago, we're in Italy on vacation.

We walked into a Louis Vuitton store and they saw a purse.

And they were asking me what makes somebody spend, I think it was, I don't know, 20 or 30,000 euros on a purse.

And I had given them an answer, but they wanted me to ask you.

Go deeper on this truth and end line signaling to ourselves when we purchase something.

You know more of a Canadian history than I do.

That is like ultimate signal.

It's like the rappers burning money on videos or something.