Warren Buffett Brilliantly Explains How Capitalism Works

Warren Buffett addresses rising inequality of income, Rich people's role in Capitalist world. He adds "We ought to do better by the people that get left behind by our capitalist system".

Warren Buffett is long-term investor, philanthropist, business tycoon and the chairman and largest shareholder of Berkshire Hathaway,
The conglomerate investment group that's delivered a 20% compounded annual gain in market value since 1965.
He is considered one of the most successful investors in the world and has a net worth over 100 billion dollars.

Nebraska-born Warren Buffett demonstrated an early knack for making money, delivering newspapers and selling candy and magazines door-to-door. He bought his first stock a year after visiting the New York Stock Exchange at age 11.

He began buying shares of distressed textile manufacturer Berkshire Hathaway in 1962, ultimately taking over as chairman and using it as a holding company. Since then, he's returned more than 20% compounded annually. Known as a buy-and-hold value investor, Buffett typically buys stakes in -- or purchases outright -- companies whose business operations he says are easily understandable.

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[ivanlam]

Warren Buffett really understands the pros and cons of the capitalist system not just for his own advantage but how it affects everyone in society. He sees it from the outside looking in and can therefore bend it to his will