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It's a general business trope, isn't it? Ford is a pension fund that happens to make cars. Berkshire Hathaway is an insurance company that makes a lot of inve
by lordnacho 3y ago
It's a general business trope, isn't it?
Ford is a pension fund that happens to make cars.
Berkshire Hathaway is an insurance company that makes a lot of investments.
A supermarket is a bank that sells food.
GE at one point was also more or less a financial company that sold industrial goods.
I guess the thing is once you take a financial view of how a business works, a lot of things don't look like what they normally look like.
- bandrami 3y agoI know at one point GM cars were mostly used to sell GMAC financing, though I think that particular inversion has stopped now.
- sgt101 3y agoThere was this event, it happened in 2008 and it stopped the GMAC thing like the full stop stops this comment.
- pjc50 3y agoPeople complain about "ZIRP", but it did reduce the benefits of co-mingling finance with retail and decoupled consumer credit from being quite so critical to sales.
- Shawnj2 3y agoAmazon is a cloud computing company that uses its resources to host an online shopping website
- FireBeyond 3y agoHarvard is a hedge fund that occasionally educates people.