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Stripping Berkshire Hathawsy turned out great for the economy. The textile mills were closed, and turned into cheap office space that helped drive the Boston te
by valuearb 9y ago
Stripping Berkshire Hathawsy turned out great for the economy. The textile mills were closed, and turned into cheap office space that helped drive the Boston tech boom. The remaining cash flow saved from been diverted onto that gaping wound of a business and remained jg assets were invested in far better businesses.
Ever business doesn’t deserve investment, some require liquidation. The world needs Carl Icahns too, people who identify when it’s better to end the business and dismember it rather than keep burning money in it.
Someone shut down buggy whip factories so they could make car parts. Their investors and employees should have been grateful.