IMO $BRK hasn't created value. It has only stolen value from weak hands. Buffett's big innovation is using your car insurance payments to be a buyer of last resort.
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Replying to @LAForeverHall
So true. But he tends to get sweet heart deals by Wall Street too. Look at the BAC conv prefs...
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Replying to @DanielGager
He is a usurer to the usurers, and basically runs an institutional pawn shop.
6:34 PM - 3 Dec 2019
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