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Buffett didn't get any benefit from knowing Rothbard. But yes, his family's influence probably helped him out, as he has repeatedly acknowledged.
by byrneseyeview 17y ago
Buffett didn't get any benefit from knowing Rothbard. But yes, his family's influence probably helped him out, as he has repeatedly acknowledged.
- apsec112 17y agoHe didn't? I'm highly skeptical of that. Buffett's business strategy and general beliefs are largely based on Austrian economics.
- byrneseyeview 17y agoHe owns lots of maturity-mismatched assets. He hasn't done much with gold. He's bought into lots of highly regulated companies. And he advocates punitively high income taxes on some activities, and high income taxes on most other activities. So no, I don't think Buffett is a Rothbardian. He's similar only in the sense that he understands economics very well.