Britannia Radio

Why Warren Buffet Chose Israel By David Soakell

Amid the gunfire this tiny country, the size of Wales and with a population of just under 7. 5 million, leads the world in developing and exporting green technologies that could save the planet.

Ironically it is precisely because of its precarious position that such eco-inventions have flourished. Surrounded by hostile neighbors, with few natural resources of its own and two-thirds of its area inhospitable desert, Israel has had to use its wits to survive. When Warren Buffett, the world’s wealthiest man, decided to make his first investment outside the United States , he chose Israel . “Some Americans have come to the Middle East looking for oil so they didn’t stop in Israel . We came to the Middle East looking for brains and we stopped in Israel ,” Buffett explained as he put $4 billion into Iscar, a precision tool maker.

“We found that the real trick in business is not to be a genius yourself but to go around associating with geniuses who are already doing a good job and stay out of their way.” Israeli innovations range from Intel microprocessors to messaging systems that ensure the safety of nearly all the world’s financial transactions. Micro soft Intel, IBM and NDS, a firm that designs TV set-top boxes to unscramble cable and satellite signals, all have research and development centers in Israel drawing on the brainpower of their geniuses. For the complete article – a fascinating read! – click or paste this link to my blog: http://israeldefender.com/?p=1268

 

Jock (Joshua) L. Falkson

falkson@0 1 3. net

Blog: http://israeldefender.com