The Berkshire boss bemoaned that criticizing efficient market theory , or the idea that share prices reflect all available information, amounted to blasphemy in his"A finance instructor who had the nerve to question EMT had about as much chance of major promotion as Galileo had of being named Pope," he quipped.
Buffett also referenced the pontiff in a fable underlining the obsessive focus of Berkshire's managers in his"Our prototype for occupational fervor is the Catholic tailor who used his small savings of many years to finance a pilgrimage to the Vatican," he said. "When he returned, his parish held a special meeting to get his first-hand account of the Pope," Buffett continued. "'Tell us,' said the eager faithful, 'Just what sort of fellow is he?'"NewsletterLoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
DrDV4 what do you think about this? I mean know what you would think, but what is your response?
It's a direct correlation.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Inside the fight to save Rent the Runway - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Someone should report on them dropping their unlimited plan in early 2021 only to offer a limit of 16 items per month at a $30-60 increase in monthly cost at that tier vs unlimited. They say it's because customers aren't interested in unlimited and yet they limit and charge more?
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Pope Francis Laments Failures Of Market Capitalism In Blueprint For Post-COVID WorldIn his blueprint for a post-COVID-19 world, Pope Francis says free-market capitalism can't resolve every problem — and denounces 'this dogma of neo-liberal faith that resorts to the magic theories of spillover or trickle.' Subsidies for corporations are the winners. All of us in the 99% are the losers. Papa is correct. The level of cruelty in the system continues to grow. You mean socialism? This is one of the worst popes in history. So in other words the Pope is saying that we should practice Buddhism?
Källa: NPR - 🏆 96. / 63 Läs mer »
Pope says free market, 'trickle-down' policies fail societyPope Francis said on Sunday that the COVID-19 pandemic was the latest crisis to prove that market forces alone and "trickle-down" economic policies had failed to produce the social benefits their proponents claim. In an encyclical on the theme of human fraternity, Francis also said private We often undermine the consequences on failed policies till when we've got hit As Leftist Global Citizens, if you don't like America, then why are you still here? It's a big world out there.
Källa: YahooNews - 🏆 380. / 59 Läs mer »
Pope says free market, 'trickle-down' policies fail societyPope Francis said on Sunday that the COVID-19 pandemic was the latest crisis to prove that market forces alone and 'trickle-down' economic policies had failed to produce the social benefits their proponents claim. El papa francisco es un terrorista comunista Catholic Church is not giving a good example of just political order, and id never did, so... Because Catholics don't send to hell people who don't 'share' their creed? Communist working on behalf of china
Källa: Reuters - 🏆 2. / 97 Läs mer »