#169 Musings Beyond the Bunker (Thursday October 14)
musingsbeyondthebunker.substack.com
Good morning, Last month I had the pleasure to spend time with Charlie Munger. He and his partner, Warren Buffett, rightly are considered among the great investors and commentators on U.S. business of our time. Charlie and Warren are investors with principles. It seems today that we have accepted that the sole purpose of a corporation is the pursuit of profit (under the misguided premise that their singular objective is “shareholder value,” which miraculously seems to result in executive fortunes), rather than a principled justification for being in the business or other “greater” purpose.
#169 Musings Beyond the Bunker (Thursday October 14)
#169 Musings Beyond the Bunker (Thursday…
#169 Musings Beyond the Bunker (Thursday October 14)
Good morning, Last month I had the pleasure to spend time with Charlie Munger. He and his partner, Warren Buffett, rightly are considered among the great investors and commentators on U.S. business of our time. Charlie and Warren are investors with principles. It seems today that we have accepted that the sole purpose of a corporation is the pursuit of profit (under the misguided premise that their singular objective is “shareholder value,” which miraculously seems to result in executive fortunes), rather than a principled justification for being in the business or other “greater” purpose.