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The Iron Chancellor was an astute politician, perhaps one of the greatest statesmen of all time, and he understood how fragile the so-called Concert of Europe was in 1871. To introduce a new major power into the very heart of it was akin to placing a child with a trumpet into the midst of a world-class symphony orchestra. He knew the newcomer had t
... See moreKatja Hoyer • Blood and Iron: The Rise and Fall of the German Empire
Defending his medical and unemployment insurance schemes in 1884, Bismarck argued that “the greatest burden for the working class is the uncertainty of life. They can never be certain that they will have a job, or that they will have health and the ability to work. We cannot protect a man from all sickness and misfortune. But it is our obligation,
... See moreT. R. Reid • The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care
Once Bismarck was confident that his military buildup was complete, he did not flinch from confrontation. Far from it. He sought it out.
Howard Bloom • The Lucifer Principle: A Scientific Expedition into the Forces of History
Berkshire Hathaway: The Incomparable Compounder - [Business Breakdowns, EP. 63]
open.spotify.comMorgan Stanley • Market-Expected Return on Investment Bridging Accounting and Valuation
“What is the right amount of capital (and the right number of people) to have in this business in order to support the strategy that will create the most wealth?”182 The answer is based on the future and does not rule out reducing net investment when appropriate.
Dan Callahan • Capital Allocation
In addition, religion seemed another useful battleground. Two-thirds of the population within the German Empire were Protestant and one third Catholic. By secularising German society, Bismarck sought to replace religion with national sentiment, thereby creating new identity references and reducing differences between Germans. Lastly, the internatio
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