John Rogers, Ariel investments chairman & co-CEO
Book: Poor Charlie's Almanac, 4th edition
Q1 2024 operating earnings = \$11,222 mln
Q1 2023 operating earnings = \$ 8,065 mln
Operating earnings history
2019 - \$23,972 mln
2020 - \$21,922 mln
2021 - \$27,597 mln
2022 - \$30,853 mln
2023 - \$37,350 mln
How do you think about the role of technological advances especially generative AI on more traditional industries?
Ajit Jain: Climate change like inflation, done right can be a friend to the risk bearer.
Healthcare is 17-18% of GDP
NFM CEO
Helzberg Diamonds CEO
Lubrizol CEO
See's candies CEO
Walton family; Walmart
absorption capacity (context: philanthropy)
appreceptive mass (context: psychology)
Moody's manual
The Moody's transportation manual
Green Bay and Western railroad company
nick names: {Northen Pacific: Nipper, Green Bay and Western: grab baggage and walk or gbnw}
the importance of picking right heroes in life, choosing friends wisely
all's well that ends well = a person can forget about how unpleasant or difficult something was because everything ended in a good way
great skill is at avoiding bad luck
19th amendment