Capitalism Is a Business Like Principle

A good many of the conglomerates were put together to perform financial magic of one sort or another they were based upon. The idea was that somehow you could fool people into continuously riding along on this chain letter scheme without the primary thought being given to what you were actually building in the management. I think our method of acquiring for cash and acquiring good businesses and building many many sources of of growing earning power I think is a terrific model Charlie. It makes perfectly good sense but it has to be applied with business like principles rather than stock promotion principles.