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Just a month after the completion of the Declaration of Independence, at a time when he delegates might have been expected to occupy themselves with more pressing concerns -like how they were going to win the war and escape hanging- Congress quite extraordinarily found time to debate business for a motto for the new nation. (Their choice, E Pluribus Unum, "One from Many", was taken from, of all places, a recipe for salad in an early poem by Virgil.) ↗
Some ancient eukaryote swallowed a photosynthesizing bacteria and became a sunlight gathering alga. Millions of years later one of these algae was devoured by a second eukaryote. This new host gutted the alga, casting away its nucleus and its mitochondria, keeping only the chloroplast. That thief of a thief was the ancestor or Plasmodium and Toxoplasma. And this Russian-doll sequence of events explains why you can cure malaria with an antibiotic that kills bacteria: because Plasmodium has a former bacterium inside it doing some vital business. ↗
Buffett's uncommon urge to chronicle made him a unique character in American life, not only a great capitalist but the Great Explainer of American capitalism. He taught a generation how to think about business, and he showed that securities were not just tokens like the Monopoly flatiron, and that investing need not be a game of chance. It was also a logical, commonsensical enterprise, like the tangible businesses beneath. He stripped Wall Street of its mystery and rejoined it to Main Street -- a mythical or disappearing place, perhaps, but one that is comprehensible to the ordinary American. ↗
#business #capitalism #capitalist #character #warren-buffett
I have always looked upon a telephone as an official kind of machine which you prepared for with fasting and prayer, and only had recourse to when strictly necessary for important business. ↗
With me, it was my liver that was out of order. […] I had the symptoms, beyond all mistake, the chief among them being "a general disinclination to work of any kind." What I suffer in that way no tongue can tell. From my earliest infancy I have been a martyr to it. As a boy, the disease hardly ever left me for a day. They did not know, then, that it was my liver. Medical science was in a far less advanced state than now, and they used to put it down to laziness. ↗
Without the book business it would be difficult or impossible for true books to find their true readers and without that solitary (and potentially subversive) alone with a book the whole razzmatazz of prizes, banquets, television spectaculars, bestseller lists, even literature courses, editors and authors, are all worthless. Unless a book finds lovers among those solitary readers, it will not live . . . or live for long. ↗
The Tanakh teaches that, “The diligent will rule, while the lazy will be put to forced labor”. Most Jews work for themselves and hire employees instead of being employees. ↗
