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Based on the detail given, I'm not even convinced that this was a bad decision for Buffet. Somebody else has $5b, but this is not a zero-sum game. Every decis
by learnstats2 12y ago
Based on the detail given, I'm not even convinced that this was a bad decision for Buffet.
Somebody else has $5b, but this is not a zero-sum game.
Every decision, including this one, contributed towards Buffet's and Berkshire's position today.
Presumably Buffet took that decision to rather invest the cash in something else - which has apparently done just fine.