I re-read a bunch of Ben Franklin this past year. It’s hard to overstate just how fortunate the US was to have foundation-builders who could think so clearly. After reading the founders, watching anything on CSPAN is just depressing.
Warren Buffett famously quipped that he looks for companies with a system that could be successfully helmed by a monkey, because eventually, a monkey will be at the helm. I think the founding fathers thought the same way, and attempted to set up such a system.
We’ll see how long it can last with monkeys at the helm.
Warren Buffett famously quipped that he looks for companies with a system that could be successfully helmed by a monkey, because eventually, a monkey will be at the helm. I think the founding fathers thought the same way, and attempted to set up such a system.
We’ll see how long it can last with monkeys at the helm.