Leading international businessman and philanthropist was in Israel this week to attend a major economic conference. When asked why he was bothering with the small Jewish state, Buffet explained that Israel has a surplus of human ingenuity that he just can’t ignore.
“If you’re going to the Middle East to look for oil, you can skip Israel,” Buffet told the participants in the first annual Industry, Trade and Labor Ministry socioeconomic conference.
However, he continued, “if you’re looking for brains, look no further. Israel has shown that it has a disproportionate amount of brains and energy.”
In 2006, Buffet made his largest ever purchase outside the US when he paid $4 billion for an 80 percent stake in Iscar Metalworking Co., an Israeli company specializing in metal-cutting machinery. It was the single largest investment every made in an Israeli company or industry.
A week later, Buffet paid millions for 60 percent control of Agrologic, an Israeli company that designs and manufactures agricultural systems. The legendary investor has repeatedly stated that he remains on the lookout for attractive and innovative Israeli companies to pour his money into.
Israeli brainpower, the disproportionate nature of which is clear evidence of God’s continued blessing of this nation and this people, has manifest itself outside of the business world as well.
In 2003, Baroness Susan Greenfield, a global leader in brain research, blasted British academia for trying to impose an academic boycott on Israel. She noted that considering the “mind-boggling” abilities of Israel’s researchers, such a boycott would inevitably cost the lives of patients suffering around the world.
Greenfield specifically cited groundbreaking Israeli research into the halting the degenerative effects of Alzheimer’s Disease.
In 2007, Scientific America listed three Israeli scientists among its list of the world’s top 50 leading innovators.
Just this year, the heads of scientific institutions from around the world arrived in Israel to mark the 50th anniversary of the Israel Academy of Sciences and Humanities and to honor the Jewish state for its incredible contributions in all research fields.
Israel is also leading the way in renewable energy, and has long been a global powerhouse in the field of agricultural technology.
The above are but a few out of many thousands of possible examples of Israeli innovation and technical ability. But they are adequate to show that Buffet was not merely being polite when he praised the human resources Israel possesses, nor was he exaggerating when he said the brainpower available in the Jewish state is disproportionate.