Question: What do
Ahmadinejad declared on Monday that
By coincidence, I heard the Iranian leader's statement on Israel Radio just as I was leaving the headquarters of
Buffett paid $4 billion for 80 percent of Iscar and the deal just happened to close a few days before Hezbollah, a key part of
Buffett just brushed it off with a wave, recalled Wertheimer: "He said, 'I'm not interested in the next quarter. I'm interested in the next 20 years.' " Wertheimer repaid that confidence by telling half his employees to stay home during the war and using the other half to keep the factory from not missing a day of work and setting a production record for the month. It helps when many of your "employees" are robots that move around the buildings, beeping humans out of the way.
So who would you put your money on? Buffett or Ahmadinejad? I'd short Ahmadinejad and go long Warren Buffett.
Why? From outside,
The day I visited the Iscar campus, one of its theaters was filled with industrialists from the
That kind of hunger explains why, in the first quarter of 2008, the top four economies after America in attracting venture capital for start-ups were: Europe $1.53 billion, China $719 million, Israel $572 million and India $99 million, according to Dow Jones VentureSource.
Boaz Golany, who heads engineering at the Technion,
Ahmadinejad professes not to care about such things. He was to put it in American baseball terms born on third base and thinks he hit a triple. Because oil prices have gone up to nearly $140 a barrel, he feels relaxed predicting that Israel will disappear, while Iran maintains a welfare state with more than 10 percent unemployment.
Of course, oil wealth can buy all the software and nuclear technology you want, or can't develop yourself. This is not an argument that we shouldn't worry about
So who will be here in 20 years? I'm with Buffett: I'll bet on the people who bet on their people not the people who bet on dead dinosaurs.
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