4 ms·
This is a really uncharitable take and sounds to me like basically just jealousy. What exactly is so immoral about What Charlie and Warren have done?
by DontchaKnowit 3y ago
This is a really uncharitable take and sounds to me like basically just jealousy. What exactly is so immoral about What Charlie and Warren have done?
- tsunamifury 3y agoI think the most charitable take was they rode the longest American bull market in history with dead simple buy and hold strategies. Many of which would not pay out today while holding companies that gave minority groups diabetes and tried to restrict water distribution to th me third world. I can’t believe people here think these were good smart guys. They were assholes with a folksy facade.
- deleted 3y ago[deleted]
- 4death4 3y agoThey pioneered the modern private equity playbook. Ultimately, they're largely responsible for transitioning the economy based on driving productivity through innovation, to driving "productivity" (if you can call it that) through financial engineering. Absolute evil.
- JumpCrisscross 3y ago> pioneered the modern private equity playbook No? That began with the LBO boom meeting the management consulting wave. Berkshare Hathaway are the last vestige of the conglomerate era if anything.
- tsunamifury 3y agoYes while he often called PE evil things like the disastrous Heinz merger were classic PE moves. Incredible stupid and value destroying.
- deleted 3y ago[deleted]