Warren Buffett Quotes | wealthymatters

The Difference Between Business And Philanthropy

March 23, 2011 Leave a comment

” If you open a restaurant , and the public does not like your food , you will know . If you do the wrong things in philathropy , you don’t get a feedback from the market system . ”

——- Warren Buffett

I was very glad to hear these words today.The Buffett-Gates fortune is huge and I worry about how it will influence Public Policy in India.We have been too uncritical of Western ideas in the past ,adopted them with over-enthusiasm and have lived to regret it.Eg.Population Control,Green Revolution etc.I am glad that Buffett is aware of the implications of bad philanthropy.

Filed under Philanthropy Tagged with business, feedback, green revolution, Philanthropy, population control, postaday2011, public policy, RandomBlog2011, Warren Buffett, Warren Buffett Quotes, Words

India Emerged

March 23, 2011 1 Comment

I found these words of Warren Buffett in today’s newspaper.I guess it’s time for us Indians to celeberate a bit.

” I don’t consider India as emerging market , I consider it as a very big market . But if you look at what many classify as emerging market , the business tends to be much smaller . We need to invest billions of dollars and that is very tough in emerging markets . ”

—— Warren Buffett