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> they are not seeing any gains from this rolling reserve Is that really true? I don't know - I'm genuinely asking. Warren Buffet made his bones by investing
by nordsieck 6y ago
> they are not seeing any gains from this rolling reserve
Is that really true? I don't know - I'm genuinely asking.
Warren Buffet made his bones by investing the float from insurance premiums. Conceptually, this isn't that much different.
- jacquesm 6y agoThose were different times. And besides that, assuming Stripe is organized properly, which given the Collison brothers' reputation I would not doubt for a second that money does not flow through their current account but through a third party account meaning they can't touch it unless they (1) disburse it to the merchant or (2) return it to the customer.