The Steward
Legacy, values and the long now, leadership as care and continuity.
Warren Buffett is The Steward by temperament and by record. Across decades at Berkshire Hathaway, he has practised disciplined, long-term capital stewardship rooted in patience, humility, and deeply held principles, prioritising the preservation and compounding of value across generations over trend-chasing or disruption.
“She went to the merchandise mart on a buying expedition. There she picked up a dozen each of this and that and then went home and set up operations in her basement.”
“Warren on how Bershire uses debt. We rarely use much debt, and when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over leverage our balance sheet. He doesn't want to get himself into precarious position.”
“Okay, so superb ministers are too scarce a resource to be discarded simply because the cake gets crowded with candles. Moreover, our experience with newly minted MBAs has not been that great. Their academic records always look terrific and the candidates always know just what to say.”
“About horses have blinders on. It's a quote from Jimmy Iveen. And... He's the one that found an Interscope, so old Beats by Dre for like $3 billion to. Apple. But, anyways, he's got this whole quote that comes from that documentary HBO documentary called The Defiant Ones, which I would recommend watching.”
Wikiquote: “Public record read”
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