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...Munger was smartly articulating a principle that is well understood in the US and which underpins its commercial strength. Capitalism is a test bed where businesses either flourish or fail....
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...At the pinnacle was the president, conceived as a widely respected, unifying figure with sufficient moral authority to arbitrate disputes and keep the country on track....
...“There is a tendency to overreport strengths and under-report weaknesses,” he says of the plans. “Nearly all of them are lacking in accountability.”...
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...“It wasn’t sufficient,” says Abbassian, of the market information unit established at that time. “And today’s needs are much, much greater....
...In each one she deposits one of her eggs, with sufficient pollen for the egg to hatch and develop into an adult....
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