Japan
Today we have both a big, weekend-reading type article and a smaller one. The small one is a summary of Warren Buffett’s impressions about Japan, which he visited in another trip to an Iscar (IMC) plant abroad. The larger one is a New Yorker profile on Peter Thiel, the “dystopian utopian” VC/ hedge fund investor who founded Paypal and was the first outside investor in Facebook. No easy takeaways but he remains one of the most provocative thinkers in our realm.
How does “fixing” Toyota (whatever that means) change a country’s demographics time-bomb or its still-rattling financial system? While there are interesting food-for-thought bits in these pieces, they all seem to give way too much importance to “planning a country” in a world where central planning (again, whatever that means) for a country of this size and relatively free market is ever less effective – if it ever was.
