The Banking Panic Isn't Over Yet | Weekly Round Up
Inflection Point
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The Dangers of Passive Investing
The genius of Berkshire Hathaway is tax deferred structure finance with negative cost leverage that owns these stable companies that pay them through dividends and buybacks. Why do they own Apple? Because it pays them. That's why. Has nothing to do with, oh, they think Apple's a good company. They've said we don't like tech. We don't understand tech. And that is the deal. I wish I would have thought of it. Absolutely brilliant. But I ain't buying it because it's a value stock. That's just stupid.
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