"Sometimes acting against your own self-interest is economically irrational. But being capable of finding the rationality in that is the only way to be human."
I hope that in the future of capitalism will care about long-term gains and not short-term trades. Otherwise, we are doomed to fail as society, with whatever that imposes (e.g. wars, dictatorships...). Yet I remain optimistic and I envision a world in which companies will have strong and adequate management teams, who will put emphasis on the impact they are making to the greater good.
The new breed of entrepreneurs won't care to build new stuff, but instead improve, transform and innovate within the current businesses and system. Companies won't just care about increasing their profits, but take actions to satisfy all relevant stakeholders, and not only their shareholders.
That West Wing scene, and in fact this whole column, reveals how screwed up the American political system is. The reason that Jed Bartlett is a fantasy is because he can't exist in the context of a political system where money is the greatest factor to win an election, and moneyed interests suffer almost no limit on how much they can spend.
The entire system is set up to benefit someone else's profit interest. The hungry kids never win.
I’ve read that Munger quote 100 times and it’s still so effective. And, it should be noted, much easier said than done.
I like the concept.
"Sometimes acting against your own self-interest is economically irrational. But being capable of finding the rationality in that is the only way to be human."
Memo to myself: https://glasp.co/kei/p/2b0fe2693a9d5de3dd77
I hope that in the future of capitalism will care about long-term gains and not short-term trades. Otherwise, we are doomed to fail as society, with whatever that imposes (e.g. wars, dictatorships...). Yet I remain optimistic and I envision a world in which companies will have strong and adequate management teams, who will put emphasis on the impact they are making to the greater good.
The new breed of entrepreneurs won't care to build new stuff, but instead improve, transform and innovate within the current businesses and system. Companies won't just care about increasing their profits, but take actions to satisfy all relevant stakeholders, and not only their shareholders.
I ve Read it was interesting Reality, and still i doe my best in my Life.Thank you for that Story i like it and in the Future i gave my Best.
That West Wing scene, and in fact this whole column, reveals how screwed up the American political system is. The reason that Jed Bartlett is a fantasy is because he can't exist in the context of a political system where money is the greatest factor to win an election, and moneyed interests suffer almost no limit on how much they can spend.
The entire system is set up to benefit someone else's profit interest. The hungry kids never win.