One of the better questions submitted during the annual Berkshire Hathaway meeting concerned the poor track record of most conglomerates. Few succeeded for any length of time. Warren’s response was illuminating. Many conglomerates were just tricks played with the
Read More
I attended my first shareholders’ meeting of Berkshire Hathaway in Omaha this weekend. My investment manager, Gary Watkins (Banyan Capital), has been a shareholder and regular attendee of these meetings for some time. I had heard of these meetings as
Read More
“We disagree about how to achieve the good life because we disagree about what constitutes the good life. Political crusaders are constantly telling themselves and their partisans that if only they could make their opponents hear reason, then their opponents
Read More
from Kevin Wilson in The National Review, The Mapmaker’s Dilemma Excerpt: “The economy” is an abstraction, a way of talking about billions and billions of discrete activities and transactions that are too complex and fast-moving to be aggregated into something
Read More
“But what was really striking about the bill that passed late at night in both houses of Congress was not the treatment of the Bush tax cuts. It was the inclusion, in the bill, of a whole raft of special
Read More
Recent Comments