Labels

Thursday, January 26, 2012

Buffett Time article :

-He believes CEOs of publicly bailed-out companies should be on the hook for everything if their companies go bust.

-He'd like to see private schools banned so that rich families would be forced to invest in public schools

-His views are the opposite of the trickle down theory, echoing those of William Jennings Bryan "if you legislate to make the masses prosperous, their prosperity will find its way up and through every class that rests upon it".

- Howard Buffett was and is a hero to his son, because he operated by his inner scorecard. He was the least back-slapping Congressman to ever represent his state. He once turned down a raise because his constituents had voted him in at a lower salary. His picture hangs on Buffett's office, along with the Dale Carnegie course certificate , a 1973 Pulitzer and the Presidential Medal of honour.

- His other hero is his first wife. I've never felt my wife was remotely done justice to, she was just an incredibly wise and good person. She didn't do things with a metric attached to them. Warren's mother Leila was a difficult woman prone to hysteria and vicious verbal attacks on her children. Susie headed her off and managed her needs so that Warren could be left to do what he was good at - making money.

-"It may be true that the law can't change the heart" said King, "but it can restrain the heartless".