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#12 Bethany McLean: The Smartest Guys in the Room

Investing by the Books

CHAPTER

Buffet and Er

Andi was at vanity fair when he met Berkshire Hathway boss buffit. Buffit said that his most important thing was to make sure the company would be around in a hundred years. And i thought, if more people thought that way, we wouldn't see these huge collapses. But our capital markets have switched to enabling people to extract a lot of money regardless of the long term success of their companies. The more that's possible, the less people care about whether or not their company survives and thrives. I think that's a huge problem.

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