Capitalism Philosophy
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Warren Buffett Says This One Thing Is What Makes a Good Money Manager: ‘We Are Here to Make Money With You, Not Off You’
Yahoo Finance· 2026-02-18 20:07
Investing legend Warren Buffett rarely needed many words to expose what was broken in modern finance. One line, buried in his 1996 Berkshire Hathaway (BRK.B) (BRK.A) shareholder letter, does exactly that. It draws a sharp line between two very different philosophies of capitalism – one built on partnership, and one built on extraction. The line? “We are here to make money with you, not off you.” Buffett – then CEO of Berkshire, and now chairman – was speaking directly to shareholders, but the implication ...