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SilverElfinyesterday at 11:50 PM2 repliesview on HN

I always see fawning comments when it comes to Warren Buffet. I think people need to examine more closely what his portfolio companies do and how they’ve been successful. Some of them are genuinely positive stories. But in other places, the truth isn’t so pretty. Look up how rail workers are treated by BNSF, for example. Like many ultra wealthy people who are caught up in evaluating companies solely on financial grounds, Buffet ignores what the impact of his choices are. And let’s be real - there isn’t any “fair competition” in many parts of the American economy to fix these problems. The railways are especially problematic because the infrastructure they own creates monopolies in regions.


Replies

Spooky23today at 12:08 AM

He’s no worse than CSX with public ownership. Rail workers are getting what they voted for - a dimishment of rights at the federal level and right to work crap that broke their union.

Don’t worship buffet, but study him. The Acquired podcast on him is a great jumping off point.

paxysyesterday at 11:56 PM

Why are you assuming that people aren't explicitly celebrating those negatives? Buffett is a capitalist, and the evils are part of the package. The majority of people here would do the same in a heartbeat to earn the same wealth and status.