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by MarkMc
5256 days ago
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To my mind Warren Buffett is the classic case of good-guy-finishing-first. Think of all the 'alpha' males in finance; investment bankers, traders, hedge fund managers and private equity partners. He's beaten them all, simply by doing what he loves and being a nice guy. For example, from Buffett's 1985 letter to shareholders [1]:
"I won’t close down businesses of sub-normal profitability
merely to add a fraction of a point to our corporate rate of
return." I recommend reading the complete section in that letter headed 'Shutdown of Textile Business' - it shows just how painful it was for him to liquidate that business. [1] http://www.berkshirehathaway.com/letters/1985.html |
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