3 ms·
>I'm surprised they have a $23b bet on basically a company whose brand name is associated with unhealthy drinks >I'm surprised they have this much in 'assets'
by happytoexplain 3y ago
>I'm surprised they have a $23b bet on basically a company whose brand name is associated with unhealthy drinks
>I'm surprised they have this much in 'assets' tied to 'not sexy + boring' things like "not the best foods/drinks for you"
I can't tell if this is moral surprise or purely financial surprise. It certainly doesn't seem surprising financially, right? It seems very normal, surely. I can't speak on the nuances of how good an idea it is, but it certainly seems like a "normal" thing to bet big on. But even morally it's only even a little surprising if you have some reason to believe that Buffett is an unusually moral person (like, very very unusually).
- raincole 3y agoI believe what they're saying is there is pressure to tax unhealthy foods. a.k.a. regulatory risk.