Skip to main content

Why Buffett is among "Americans of the Year"

Esquire magazine's list of 2011 "Americans of the Year" include Warren Buffet. I'm summarizing for you Buffett's "performance" that got him into the list:
  • His search for value as an investor is an extension of his personal values
  • Never enriched himself by moving his money around but rather by spending on companies and industries he believes in
  • Never leveraged his company in order to leverage his lifestyle
  • Volunteered to pay a higher tax rate
  • Pledged 99% of his wealth to philanthropy
  • Stayed optimistic, calm, resolute, and cheerful.
Award-winning journalist Tom Junod summarizes: "(Buffett) continues to be the kind of rich man who cares about being the kind of rich man Americans admire."

Comments

Popular posts from this blog

Business model intimacy

Courtesy: NobelPrize.org
The Grameen Bank success story continues to be researched and written about. Other companies have tried to repeat the Bank's model. Is there a fundamental difference between the original innovation and the followers? In MIT Sloan Management Review (Summer 2009), Erik Simanis and Stuart Hart compare the original model with that of India-based Hindustan Unilever's model and point out a crucial difference.

Grameen Bank was a result of personal bond and shared vision between Nobel laureate Muhammad Yunus and Bangladeshi farmers/villagers. Yunus and the villagers spent quality time together as a community before the innovator launched the bank. While Grameen Bank became a profitable and scalable village bank, the authors say that Hindustan Unilever's project is "unlikely to grow into anything more than a new distribution channel." While Grameen Bank generated a "groundswell" of demand," Hindustan Unilver's entrepreneur turnov…

clinton/obama/media cabal to be exposed starting june14

A lot of people have surrendered themselves to be constantly duped by leftist media outlets.

The duped people now believe things that are entirely different from facts – as regards the obama/clinton/media cabal.

For the duped leftists, the coming Inspector General (IG) reports and follow-up actions (assuming they're both carried out unobstructed) will be a shock.

The shock will be so powerful, the duped leftists may react in insane and dangerous ways. (Well, they've already been behaving in such ways, but they've been doing so for a different set of reasons and largely unaware of facts.)

Broadly, the IG reports are going to be about treasonous/ unconstitutional/ illegal activities, power abuses, and obstructions for the purpose of:

1. Exonerating a criminal Hillary

2. Covering up the crimes of the Clinton folks

3. Attempts to block a presidential candidate

4. Attempts at a coup against a constitutionally elected president

5. Obstruction of presidential duties

6. Public deception…

Elon's April 1 tweets: part of an emerging leadership style?

First his tweets and then my comments ...

Tesla Goes Bankrupt
Palo Alto, California, April 1, 2018 -- Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it. — Elon Musk (@elonmusk) April 1, 2018
There are many chapters of bankruptcy and, as critics so rightly pointed out, Tesla has them *all*, including Chapter 14 and a half (the worst one). — Elon Musk (@elonmusk) April 1, 2018
Elon was found passed out against a Tesla Model 3, surrounded by "Teslaquilla" bottles, the tracks of dried tears still visible on his cheeks.

This is not a forward-looking statement, because, obviously, what's the point?

Happy New Month! pic.twitter.com/YcouvFz6Y1 — Elon Musk (@elonmusk) April 1, 2018
Almost all commenters appear to love Elon's April 1 tweets. But one person commented "CEOs of public companies shouldn't be putting out tw…