Saturday September 19, 2020

Buffett’s value

Vincent Browne puts the question: ‘‘But why should society award a man, even as fine as Buffett, to the tune of $62 billion? He has produced no enhancement of the lives of his fellow human beings’’.

15th March, 2008

Vincent Browne puts the question: ‘‘But why should society award a man, even as fine as Buffett, to the tune of $62 billion? He has produced no enhancement of the lives of his fellow human beings’’.

In free societies, if individuals choose to buy something from one of Buffett’s businesses, they do not act as some kind of ‘agents’ for society. Society as a whole cannot act and therefore cannot ‘‘award’’ anything....

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