Imagine trying to build wealth in the United States in 1950. If you were a man, you got a job, bought a house, and went from there. This was an era where you could walk into a company's offices, ask the CEO for a position, and actually get it. This is how Warren Buffett met Lorimer Davidson, a GEICO executive (and the future CEO), who taught him about the insurance business over a few hours on a Saturday in 1951. At the time, access was easier and competition in the labor market was limited. ...
