Warren Buffet’s annual letter to shareholders
…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…
…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…
…certain necessary services. They provide a depository on the one side for savings, on the one side, of course, they provide stability for your funds, and they provide credit on…
…between the empirical world of markets and the putative substrate of “utility”. In the end, the reason for attaching a label like economics to some portion of human activity is…
…favors experiments that could improve the quality of medical care and hold down costs. AB: Kip Sullivan; “’value-based payment‘ emerged in the 2000s as the label for all methods of…
…as with stock measures, e.g. wealth.) There is no national-accounts stock measure of “savings,” by the way, even though you hear that usage all the time — including, constantly, from people who should…
…that what Musk and others label “waste” is usually unavoidable because of the way politicians have drafted our laws. For example, Social Security benefits are paid in the month following…