Buffett used his punch-card analogy in an investment context. It's consistent with his belief that really profitable investment decisions are few and far between. But I think the punch-card analogy applies equally well to life, and to the decisions that define and shape our lives.
Labor Day is seen as a day of rest for many hardworking Americans. But for a growing set of U.S. workers, there is no break from trying to earn enough to support their families. Despite a dip in unemployment during the past few years, low pay continues to plague many employees while their corporate bosses rake in record profits.
If the United States continues down the road toward becoming a nation in which the few rule, manipulate, and exploit the many, how many good and humane causes will do well?
Cross-Posted from DeSmogBlogBurlington Northern Santa Fe (BNSF) recently said it would proceed with plans to increase speeds for...
Warren Buffett likes to counsel individual investors to buy-and-hold (specifically, buy an equity index fund and hold it forever). This is a perfect example of "do as I say, not as I do," as Buffett has successfully timed the market for decades.
We've heard about the most spectacular falls -- such as Mike Tyson and Kareem Abdul Jabbar -- but, unfortunately, this sad outcome is far from rare.
Is it possible that even Warren Buffett has clay feet, stooping to the very actions whose cynicism and manipulative enterprise has made many so wary of a structure that rewards the few at the cost of the many?
Two of the richest men in the entire world are plotting to dominate our elections this fall, from congressional races to school board seats.
The Adelson-Buffett-Gates immigration proposal is neither an immigration policy nor an education policy. In fact it is an anti-education policy that also fails to take into account the underlying cause of the current flood of undocumented immigrants.
After intense wrangling and years of collusion with its powerful business interests, Mexico's government finally mustered the political will to take meaningful steps towards adopting modern anti-monopoly practices.
In a revealing Q&A, I learned how fatherhood changed the self-made mogul, the concerns about his kids' future, and the lessons he wants them to learn.
Athletes and other instant millionaires, who haven't adopted the strategies of the wealthy, often find themselves broke within a few years of their windfall. Meanwhile, many American aristocrats preserve their estates through the centuries. What do the wealthy know that you don't?
Warren Buffett giving his biggest ever contribution in a political race is more important news than you might think. This particular contribution just well could be symbolic of an emerging alliance between progressive populists and some segments of the business community.
Time around, due to the North Dakota Public Records Statute, Big Rail and Big Oil didn't get away with it.
In his recent address at West Point, President Obama said the U.S. must always be a leader. And yet, leaders of U.S. corporations, so far, have seemed complacent with a lagging status quo.