economics

Not Just Dumb and Greedy

January 22, 2011

Warren Buffet talks about a “natural progression”: First come the innovators, who see opportunities that others don’t and champion new ideas that create genuine value. Then come the imitators, who copy what the innovators have done. Sometimes they improve on the original idea, often they tarnish it. Last come the idiots, whose avarice undermines the […]

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