(Expanded from May 12, 2025)
"We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous."
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“The best business is where no one else competes, where you buy for one cent and sell for a dollar and it's habit-forming and no one e...
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At the end of the 1988 Berkshire Hathaway annual meeting Buffett said, “You shouldn’t own common stocks if a 50% decrease in their value in ...
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Asked if the markets were overvalued [in 1993], Buffett said , "I've never been a good judge of the markets. I try to evaluate spec...
Edward Quince’s Wisdom Bites: OPV Page 419
“The best business is where no one else competes, where you buy for one cent and sell for a dollar and it's habit-forming and no one e...
Riffing on "True wealth includes autonomy, meaning, and peace":
ReplyDeleteThe result of authentic humanistic capitalism is the preservation and elevation of the dignity of each human affected by the company: employee, manager, investor/shareholder, client, customer, supplier, service provider, business partner, local community, and global community.
From Dr. Andrew Abela:
ReplyDeleteResearch shows, beyond any doubt, that the kind of capitalism that doesn’t pursue profits directly is more profitable than the kind that does! But you all run companies, and you know this is true. Because people prefer to work for, and do business with, people who treat them as human beings, rather than just a source of profit.
And I think this is generally recognized. Which do you think are the most distrusted institutions in our country right now: Congress, then major TV media, then Big Business.
And which do you think is the most trusted? Small business.
Why do so many companies pursue the bad kind of capitalism - especially as they get bigger - seeking profits ahead of serving customers and employees?
https://open.substack.com/pub/superhabit/p/socialism-private-property-and-virtue?utm_campaign=post&utm_medium=email