WARREN BUFFETT: 'I'm not ready for Tinder'
Rick Wilking/Reuters
In the letter, Warren Buffett touts the market system as something that is unparalleled in its ability to give the people what they want.
And what they don't even know they want.
For example, he writes, he didn't think that he'd need a personal computer back in his 50s.
Now, he can't imagine life with the "search" function or without being able to play bridge online for 10 hours a week.
But one thing Buffett's isn't sure he's ready for, however, is Tinder.
Here's Buffett:
The good news, however, is that even members of the "losing" sides will almost certainly enjoy - as they should - far more goods and services in the future than they have in the past. The quality of their increase bounty will also dramatically improve. Nothing rivals the market system in producing what people want - nor, even more so, in delivering what people don't yet know they want. My parents, when young, could not envision a television set, nor did I, in my 50s, think I needed a personal computer. Both products, once people saw what they could do, quickly revolutionized their lives. I know spend ten hours a week playing bridge online. And, as I write this letter, "search" is invaluable to me. (I'm not ready for Tinder, however)."
Neither were we, Warren.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Vodafone Idea FPO allotment – How to check allotment, GMP and more
- India leads in GenAI adoption, investment trends likely to rise in coming years: Report
- Reliance Jio emerges as World's largest mobile operator in data traffic, surpassing China mobile
- Satellite monitoring shows large expansion in 27% identified glacial lakes in Himalayas: ISRO
- Vodafone Idea shares jump nearly 8%
- Indians can now get multiple entry Schengen visa with longer validity as EU eases norms