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Posted by on Feb 14, 2013 in Business, Economy, Politics | 2 comments

The Wisdom of Warren Buffett


With the Buffett Rule back it’s worth revisiting this profile of the third richest man in the world. In it Buffett acknowledges the enormous value of things beyond our control:

WARREN BUFFET: The womb from which you emerge determines your fate to an enormous degree for most of the seven billion people in the world. Just in my own case I was born in 1930. I had two sisters that have every bit the intelligence I have, every bit the drive but they didn`t have the same opportunities.

REBECCA JARVIS: Because you were a man?

WARREN BUFFET: And– and I was white. So if I had been black, my future would have been entirely different. If I had been a female, my life would have been entirely different.

And the moral obligation to those who are not as well off:

I would say that in a country with fifty thousand dollars of GDP per person that nobody should be hungry. Nobody should lack a good education. Nobody should be worried about medical care. You know, nobody should be worried about their old age. And that doesn`t mean looking for an equality results. I mean, you want great inequality results, you don`t want the Steve Jobs to be working in those garages or the day packers or Bill Gates or you name it. But you do not want anybody going to bed hungry or– or having medical care denied to them, or just the basics of life.

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Copyright 2013 The Moderate Voice
  • slamfu

    Common sense, which is flatly denied by those in power who prefer to overlay the fantasies of Ayn Rand on the story of their lives and successes.

  • There is absolutely no doubt in my mind that I had an advantage in my career & life as a white male. Yes, I’m a good worker and paid my own way through college, but still, there was a definite, distinct advantage in interviews & networking back when I entered the workforce.

    Now I have disadvantages, largely because of age + a general disinterest in social networks, but I do not doubt I would not be where I am today — in both my career and in the income I make — if I was a woman or a minority.

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