HOW DID WARREN BUFFETT GET SO RICH?
He started with nothing, inherited nothing, made it all by his wits. How? By being uncommonly smart but also by being wise, which is different, and uncommonly thoughtful; uncommonly decent, which has attracted decency in return; by taking the long view and sorting out what’s important; and – crucially – by being a good judge of talent. Knowing which chief executives to bet on.
What does it say about Senator Obama that for the first time ever Warren Buffett has taken an active role in a modern Presidential election, hosting and headlining fundraisers to make Barack Obama our next chief executive?
What does it say about Senator McCain?
To try to see in him what Warren Buffett and lifelong Republicans Susan Eisenhower see in him, please consider spending part of your weekend listening to him.
Quote of the Day
Probably the greatest harm done by vast wealth is the harm that we of moderate means do ourselves when we let the vices of envy and hatred enter deep into our own natures.~Teddy Roosevelt, 1902
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