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Frank Herbert
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The Dosadi Experiment
Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?
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Roger Lowenstein
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Buffett: The Making of an
Bundy sternly tool his fellow endowment fund managers to task - not for being too bold, but for being insufficiently so:We have the preliminary impression that over the long run caution has cost our colleges and universities much more than imprudence or excessive risk-taking.
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risk-taking
investing
Roger Lowenstein
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Buffett: The Making of an
Buffett's methodology was straightforward, and in that sense 'simple.' It was not simple in the sense of being easy to execute. Valuing companies such as Coca-Cola took a wisdom forged by years of experience; even then, there was a highly subjective element. A Berkshire stockholder once complained that there were no more franchises like Coca-Cola left. Munger tartly rebuked him. 'Why should it be easy to do something that, if done well two or three times, will make your family rich for life?
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investing
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