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Give thanks to the Exxon-Mobil stockholders.
"I believe Costco does more for civilization than the Rockefeller Foundation,” Munger, 86, told students in a discussion at the University of Michigan on Sept. 14, according to a video posted on the Internet. “I think it’s a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat.”
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aOC0M7zl7HBg
“The only way to fight poverty is with employment,” Slim said at a conference in Sydney today. “Trillions of dollars have been given to charity in the last 50 years, and they don’t solve anything.”
Slim’s comments come as Bill Gates and Warren Buffett are in China to persuade fellow billionaires to give at least half their wealth to charity. Buffett, chairman of Berkshire Hathaway Inc., and Microsoft Corp. cofounder Gates have signed up more than 30 philanthropists, including Larry Ellison and Paul Allen, to their Giving Pledge initiative.
“To give 50 percent, 40 percent, that does nothing,” Slim said. “There is a saying that we should leave a better country to our children. But it’s more important to leave better children to our country.”
He’d rather spend money on projects that create jobs than give away his cash as part of a fight against poverty.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aySvYhqYXOaE
Eh ? Please to explain.
ExxonMobil has done more to eradicate poverty and alleviate human suffering than almost any human organization I can think of.
Reliable, comparatively inexpensive energy keeps all of us from freezing in dark caves.
how much for a gallon.
price check......