Why Warren Buffett Is the Mahatma Gandhi of Capitalism

Janel Scott DatabaseUSA Services

Why Warren Buffett is the Mahatma Gandhi of Capitalism…


This article was originally published on Entrepreneur.com April 30th, 2015 – All rights reserved. 

On the eve of the Berkshire Hathaway Annual Meeting, I decided to write this article about my favorite capitalist and philanthropist, Warren Buffett.

When I travel overseas, I meet a lot of business people, including CEO’s, investment advisers, entrepreneurs and all sorts of people. When they ask me where I live and I mention my roots in Omaha, Nebraska, they always ask me if I know Warren Buffett. I tell them yes. Even in Vietnam, a successful entrepreneur knew more about Warren Buffett than I did. Some of them called him the “Oracle of Omaha.”. In addition, I tell them that I call him the “Mahatma Gandhi of Capitalism.” They ask me how I came up with that comparison.

I did not know Mahatma Gandhi, but I saw the movie and have done a lot of research on him and his life. He came from a business family, got a law degree in England and then practiced law in South Africa. After his failed law practice in Bombay, he went to South Africa defending Indian business people there. When he saw the discrimination against Indian and African people in South Africa, he decided to take up the cause of equality for all human beings. Then he came back to India and was the leading force of peaceful resistance behind the freedom movement of India.

When India became independent of Great Britain in 1947, Mahatma Gandhi could have had any title he wanted. He could have been the President of India, the Prime Minister of India, Emperor of India, or anything he wanted. However, he would have none of that. Once India became free, he lived a very simple life. He made his own clothes, did not live in big mansions, or live the life of luxury.

Mahatma Gandhi was anything but hypocritical. He practiced what he preached. Many world leaders who have been instrumental in the independence of their country eventually became Prime Minister, President, or held a powerful position. Later on these leaders accumulated a lot of wealth and power. However, Mahatma Gandhi made sure that…read the full article on Entrepreneur.com here

About the Author

Vin Gupta, Founder of Infofree.com® and DatabaseUSA.com

Vin Gupta is the founder of San Mateo, Calif.-based InfoFree.com®, which provides sales leads to salespeople and small businesses, and DatabaseUSA.com®, a provider of big databases and database marketing to enterprise customers. He also founded Infousa® and SalesGenie®, which he sold in 2010.

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