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0 sats \ 1 reply \ @BlokchainB 3h \ parent \ on: Buffett and His Pile of Cash (Financial Times, Eric Platt) econ
The fact he’s holding to all that cash but at the sign of economic weakness will layoff labor because of thin margins is gross.
One if my good friends almost got laid off from GEICO because of this guy. Everyone praises his balance sheet but looks how he treats his employees. Pays them crap wages and then forces them to use government services to help them pay for homes (FHA Loans) and health care.
It’s unfeathered greed at its finest. Plus look at the companies he owns
Addictive sugar water
Insurance that constantly deny claims
A credit card company
The fact he’s holding to all that cash but at the sign of economic weakness will layoff labor because of thin margins is gross.
This is an interesting comment to discover on a bitcoin site.
What economic behavior, aside from legal profit-seeking in the public companies in his portfolio, would you advise?
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