General Discussion
In reply to the discussion: Now Warren Buffett says the same thing as Howard Dean [View all]Erich Bloodaxe BSN
(14,733 posts)We're not there yet, though, and I hope we don't fully get there.
We've seen for years what 'willingness to compromise' has gotten - good ideas made worse, and most simply killed off entirely.
Let's face it, does Buffett look for 'compromise' on his return on investments? Or does he look for the best return he can get?
If you present him with a good idea that gives him a 20% return and a crappy one that breaks even, does he 'compromise' and choose a middle ground that gets him 10%, or does he simply go with the 20%? (And TBH, if he went for the 'compromise', I'm pretty sure his stockholders would sue him for fiduciary negligence.)
Capitalists love to talk about running the country like a business day in and day out, but then when you get to specifics, they always want to do things that would run a business right into the ground.