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3min chapter
Berkshire Hathaway Part III
Acquired
The Proliferation of Innovation Does Not Mean That There Is Value to Be Captured
In 99, Warren Buffett wrote that the airline industry had gone from pure innovation to sheer commodity. He also said he'd like to think that if he could go back in time to was in 19 o three at kittyhawk when the right brothers flew, that he would do capitalists a favor and shoot them down yup. The early two thousands are, you know, more greatness for warren. But then in july two thousand four, susie passes away. Even though they haven't actually lived together for like 25 years at this point, he still loves her hugely and depends on her. For the moment though, tuck, bubble bursts.
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