Warren Buffett: The Importance of Downsizing

Mr. Buffett: "We don't want to take on more people than we need in any of our businesses" If you ask me to name businesses that were half ruined or ruined by bloat, I mean, I could just rattle off name after name after name," he says. Mr. Munger: "I see no social benefit in having people sit around half employed or unemployed"