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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: abromber   😊 😞
Number: of 15058 
Subject: Re: What he said
Date: 03/28/2023 1:40 AM
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"The idea that skin color, national origin, religion, lack of wealth, political party, or family name are more important or even equally important or even comparably important as actual competence is the memetic equivalent of a virus infecting western civilization at the moment."

At the risk of getting flamed, I should point out that this is a false distinction: in fact it is possible to have competence and diversity at the same time, and companies that manage to do so tend to perform better than those that don't (BRK obviously a high performing exception.) It's a generalization, sure, but so is the counter-generalization that people of diverse backgrounds are not likely to be competent. What you call a virus is in fact just the repudiation of an old way of thinking and a recognition of reality. BRK may not need a shakeup, but a lot of boards do.

abromber
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