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Berkshire’s job is finding stable, undervalued companies and buying them with the funds from massive insurance company floats (ie leverage). The government’s j
by pembrook 7y ago
Berkshire’s job is finding stable, undervalued companies and buying them with the funds from massive insurance company floats (ie leverage).
The government’s job is to protect people from the negative side effects of the aforementioned activity.
Clayton homes is one party doing its job properly (Berkshire), and the other dropping the ball (the US government).
We cannot just hope and pray companies will follow our vague and differing ideas about what is right. If we want them to act a certain way, we have to write laws to make that happen.
- icebraining 7y agoThe article's point is that Berkshire should follow the ideas of its own vice chairman.