Warren Buffett is bullish...on women

[OneGrassRoot]

In an exclusive essay the Berkshire Hathaway chairman and CEO explains why women are key to America's prosperity.


In the flood of words written recently about women and work, one related and hugely significant point seems to me to have been neglected. It has to do with America's future, about which -- here's a familiar opinion from me -- I'm an unqualified optimist. Now entertain another opinion of mine: Women are a major reason we will do so well.

Start with the fact that our country's progress since 1776 has been mind-blowing, like nothing the world has ever seen. Our secret sauce has been a political and economic system that unleashes human potential to an extraordinary degree. As a result Americans today enjoy an abundance of goods and services that no one could have dreamed of just a few centuries ago.

But that's not the half of it -- or, rather, it's just about the half of it. America has forged this success while utilizing, in large part, only half of the country's talent. For most of our history, women -- whatever their abilities -- have been relegated to the sidelines. Only in recent years have we begun to correct that problem.

Despite the inspiring "all men are created equal" assertion in the Declaration of Independence, male supremacy quickly became enshrined in the Constitution. In Article II, dealing with the presidency, the 39 delegates who signed the document -- all men, naturally -- repeatedly used male pronouns. In poker, they call that a "tell."


FULL ARTICLE: http://money.cnn.com/2013/05/02/leadership/warren-buffett-women.pr.fortune/index.html

[longship]

1. I kinda like Warren Buffet. This is an good example of why.

No wonder Ed Asner played Buffet in HBO's film Too Big to Fail. It's not too bad of a film -- definitely for an economic policy geek. The cast is fairly stellar: John Hurt as Hank Paulson, Paul Giomatti as Ben Bernanke, Tony Schalhoub as John Mack, James Woods as Dick Fuld, and a great supporting cast. Cynthia Nixon is a stand-out as Paulson's PR assistant secretary.

It's a fairly realistic look into the 2008 collapse and bail-out from the inside. All the events portrayed were from the point of view of Bush as President. It's a fast moving look at how close we came to a global economic collapse and very well done.

Highly recommended.

[OneGrassRoot]

2. Thank you. I haven't seen that yet.

I'll try to correct that soon.

[longship]

3. Well, everybody plays Bush Republicans.

Except for maybe Asner.

Regardless, understand that HBO does a phenomenal job of telling the story that Secy of Treasury Paulson was not on top of things and was blindsided by the fast moving events. Maybe one could argue that the speed of unfolding events made that impossible, but political ideology certainly steered Treasury away from a wider look at solutions.

Giomatti is great as Bernanke.

[niyad]

4. k and r