Warren Buffett has one man to thank for Berkshire Hathaway Inc.’s BRK.A $29 billion windfall in 2017: President Donald Trump. The Omaha billionaire backed Mr. Trump’s opponent Hillary Clinton during the 2016 presidential campaign. But new tax cuts the president signed into law last December provided Berkshire with the sizable one-time gain that helped inflate annual profits
When the VC firms were starting a few decades ago, the investment team comprised some of the most successful entrepreneurs who had created thousands of jobs, benefited the world with their products/services, made money for themselves, and also made money for the people who had invested in them. They knew their business and industry very well.