I’m beginning to believe the truth of that statement.

I absolutely believe the truth of that statement. Running a business and running a government are completely different. They have different objectives, and in a democracy, different organizational structures. A business is an authoritarian venture. Your boss tells you to do something, you do it or get fired. There is no voting, except maybe at the level of the board of directors (if there is one).

And, as you pointed out, the convict was a failure as a businessman, as well. He should have taken his inheritance, invested it in an index fund, and played golf all day. He'd have been better off financially, rather than pretending he knew anything about business (which he doesn't).

Frankly, lawyers are better at governing. They will tend to have a closer match to the skillsets required for good governance.

Berkshire Hathaway FAQ

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