Snowball (book)
I read this ages ago as a teenager and I didn’t like it as much as other people seemed to. It just portrayed this ultra capitalist guy playing the game so much better than everyone else he amassed an insane amount of wealth. And all for what because I don’t know. I’m not against capitalism just I think maybe that wealth could be put to good use rather than just shares of Apple. Start companies and take some bets rather than hoarding it at the top of the market.
But anyway the part that stuck with me was when he had taken over a struggling newspaper. I don’t have a memory for these sort of details but he bought out the company and put in money so it could turn around. If you know anything about Buffett you know how much he loved newspapers as they were the original monopoly. If you had the best distribution in a city then everyone would buy that paper and advertisers would then follow. You’d end up with the entire market as who wants the second best paper. Anyway in this case the workers were not really happy at the beginning and I remember some sort of strikes but in the end the company was turned around and he made some fantastical amount of money. All great and all that. But then it came time for him to collect his chips and take his winnings. He kept the paper around but profits went to him so he could invest elsewhere. I
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