In these days when capitalism seems like the cause of all our problems rather than the solution to them, it is more than educational to read the latest letter to Berkshire Hathaway shareholders from Warren Buffett, an old school capitalist who believes that money should be made by adding value – for customers, shareholders, staff and society at large.
As always, Buffett’s letter is full of quotable portions but I was particularly taken by this segment on the Berkshire Hathaway railroad BNSF: