Warren Buffett

See here for Buffett’s influential NYT op-ed, “Stop Coddling the Super-Rich” Buffett’s TIME 100 2012 profile (written by Barack Obama, because why not) In the spring of 1942, an 11-year-old boy from Omaha made his first big investment, putting nearly his entire fortune — about $120 — into three shares of Cities Service Preferred. By June, the … Continue reading

Mr. Welch and Mr. Lucky

For the past twenty-four years, I have had a lucky charm — a brown leather briefcase — that has come with me everywhere. My assistant, Rosanne, has nicknamed it “Mr. Lucky.” I won the briefcase in an Atlanta golf tournament in 1977, the year I first came to Fairfield. It has seen better days. It’s … Continue reading

Herman Daly

And if economics is a religion, Herman Daly is its arch-heretic, a member of the high priesthood turned renegade. From 1988 to 1994, Daly was the World Bank’s senior environmental economist, a lonely voice of dissent in an organization that frowns on unbelievers. During his six-year tenure, Daly, the economist-turned-ecovisionary whose works established ecological economics … Continue reading

Alger, Jobs, and American Capitalism

Alger defined his mission clearly.  “A writer for boys,” he explained in 1896, “should remember his responsibility and exert a wholesome influence on his young readers.  Honesty, industry, frugality, and a worthy ambition he can preach through the medium of a story much more effectively than a lecturer or preacher.  I have tried to make … Continue reading