Michael Smokevitch

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Just as is now the case, there will be struggles for the increased output of goods and services between those people in their productive years and retirees, between the healthy and the infirm, between the inheritors and the Horatio Algers, between investors and workers and, in particular, between those with talents that are valued highly by the marketplace and the equally decent hard-working Americans who lack the skills the market prizes. Clashes of that sort have forever been with us — and will forever continue. Congress will be the battlefield; money and votes will be the weapons. Lobbying ...more
Berkshire Hathaway Letters to Shareholders: 1965-2024
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