The math behind "it's better to buy a great company at a fair price, than a fair company at a great price".https://twitter.com/Molson_Hart/status/1178065121593180160 …
CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure
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Molson Hart Retweeted Molson Hart
The math behind "it's better to buy a great company at a fair price, than a fair company at a great price".https://twitter.com/Molson_Hart/status/1178065121593180160 …
Molson Hart added,
They buy/create monopolies. Control optics via media while government builds protective barriers against competition. Bankrupt innovators with litigation & an advertising arms race. Squeeze the life out of suppliers & employees. Pretend to be a wise & generous old man.
Haha, love it. >They buy/create monopolies. Agree, or at least companies with producer surplus that they do not turn into consumer surplus. >Bankrupt innovators with litigation & an advertising arms race. Where can I read more about this.
>Squeeze the life out of suppliers & employees. Where can I read more about this? I'm not sure they do this. >Pretend to be wise generous old men I think they're overrated as good people for the human race, but I have to say that Charlie Munger is my personal Jesus.
He convinced me to be a better person by telling me that high intregrity behavior is actually better for you! It changed me. I think their greatest contribution to society is not their wealth, nor their contributions to charity, but instead their explanation of what they do.
It's significantly more difficult to do what they did because they've explained it. That's probably a good thing for society. I wrote this, it's very on topic.https://medium.com/@mike_95126/an-argument-against-stock-picking-and-the-veneration-of-warren-buffett-8ee96ef0bd76 …
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