Yeah, uh, that's not all she did. She and Buffett apparently had a long-running (and public) affair, which in part led to Susan Buffett separating from him and moving to San Francisco.
"She met Buffett herself, saw his genius, and made him her professor." would give any normal person reading this a completely false understanding of what actually happened.
but that solves it
I don’t know much about him, but I know Berkshire Hathaway. He didn’t even found it; he took it over by monetary force. He knew who worked their ass off and who just talked shit. He came across someone who wronged him in a business deal at Berkshire Hathaway before he ran it, and he literally drove the prior owners out of their own company over it. He says it was the biggest mistake he made, which leads me to believe he is generally a serious person, but he’s also principled. He’s a case study on overcoming yourself in order to make better decisions.
His business sense may not be as learnable, but I have tried to apply his lessons to my own life, and I didn’t have to pay anything for that.
Until I listened to Acquired's episodes.
https://www.acquired.fm/episodes/berkshire-hathaway-part-i
Buffet is a rentier. He does not create wealth; he merely transfers it.
His most successful strategy is to find tranches of underutilized capital, and buy a controlling interest. Which he then ladders up to buy yet more tranches. Most famously Geico.
It's fair to say that I'm far less impressed by this strategy than Acquired's hosts.
Rentier is distinct from the raider (aka private equity) play of buying controlling interest in a corporation, looting it, loading it up with debt, and then unloading the resulting dumpster fire.
So at least Buffet isn't actively destroying jobs and wealth. As far as I know.
tehjoker•6mo ago
qntmfred•6mo ago
chrisg23•6mo ago
wyldfire•6mo ago
phatskat•6mo ago
Memory is a bit hazy but I think they did disband it once before then and the ex-cops were such a nuisance that the city went back on it.
I’m doing a poor job of explaining, and the Behind the Police series does much better - the point is, this is my most notable example of a union getting too powerful but quite frankly there isn’t much we can do about it.
pavlov•6mo ago
chrisg23•6mo ago
I don't know anything so I'm just copying from wikipedia, they could have a bad analysis:
The 1975–1976 Washington Post pressmen's strike was a strike action by The Washington Post's pressmen. The strike began on October 1, 1975. The Washington Post hired replacement workers to replace the union in December 1975. The last unions supporting the pressmen's strike returned to work in February 1976.
And then from the "Aftermath and Impact" section:
The outcome of the strike was viewed as a victory for the Post and a defeat for the labor unions involved.[6][9] The Post was estimated to save $2 million in 1976 as a result of hiring non-union pressmen.[4]
On October 2, 1976, to commemorate the 1-year anniversary of the start of the strike, a crowd of over 1000 supporting the pressmen met at McPherson Square. They proceeded to the Post's headquarters, where they burned Graham in effigy.
This doesn't seem like the worker's thought it was positive for them.
BurningFrog•6mo ago
jfengel•6mo ago
BurningFrog•6mo ago
digdugdirk•6mo ago
Like I said, I hope you're trolling, but I also know there's plenty of people who have drank so deeply from the rabidly pro business kool-aid so hard they're drowning in it.
conception•6mo ago
thrance•6mo ago
thrance•6mo ago
hn_throwaway_99•6mo ago
During Trump I, WaPo was all "Democracy Dies In Darkness". Trump II is all about "Hey, we don't do presidential endorsements anymore" and "our opinion pages are only about defending personal liberties and free markets".
Unicironic•6mo ago
foxglacier•6mo ago
tjwebbnorfolk•6mo ago
thrance•6mo ago
conception•6mo ago
tangus•6mo ago
Here's an account: https://www.huffpost.com/entry/wash-post-busted-pressmens-un...
tjwebbnorfolk•6mo ago