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Re: DeepDive post# 908

Saturday, 05/12/2018 2:14:23 PM

Saturday, May 12, 2018 2:14:23 PM

Post# of 1445
DeepDive,

I don't really have any argument against you except to note past is not necessarily prologue.

The incredible example of Steve Jobs and Apple is not singular.

BTW how can one build an empire on a long string of bankruptcies and gain the presidency by default? smile

Warren Buffett is surprisingly an apostle of decreeing bum management is beside the point - surprising to me because you would think his tired cash cows would require excellent management for mere survival but I guess inertia is an overlooked vietue.

Warren Buffett, the billionaire chief executive officer of Berkshire Hathaway Inc., said he rates businesses on their ability to raise prices and sometimes doesn’t even consider the people in charge.

https://www.bloomberg.com/news/articles/2011-02-18/buffett-says-pricing-power-more-important-than-good-management

Whatever the case I like to bet on science that I think I know something about rather than people who are continually surprising me. I was only good at choosing my wife but consider the terrible choice she got stuck with. frown

Best, Terry
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