Thread: Economics Investments & Personal Finance
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Old 01-29-2013, 06:39 PM   #83
mlyonsd mlyonsd is offline
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Join Date: Aug 2000
Location: Spink, SD
Casino cash: $7099
Quote:
Originally Posted by KC native View Post
Yes, I love reading about Warren and Munger and how they work. They are the best value investors ever.

One of the more interesting things I've learned about Buffet is that they leave the people of the businesses they acquire in charge. They figure that those people can run the business better than them. They will come in with people to help make them more efficient, but for the most part they retain management at firms they acquire.
Absolutely true.

Also true is how the bottom line is more important than his workers. The people in charge of his businesses do better when they make their companies appear to do well. And the employee at the end of the line suffers.

He's rich for a reason and is either out of touch or doesn't give a shit about who works for him.

You should feel great satisfaction for idolizing him.
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