Buffett always talks about the absolute necessity of his investments having an “economic mote” ie) that thing which competitors couldn’t duplicate and the market would always need as there was no viable replacement.
Exactly how do dying newspapers fit that requirement???
For me, Buffett showed his “country cousin” routine to be a fraud when he “invested in” Goldman Sachs just before it was bailed out by TARP and the FED.
>> Exactly how do dying newspapers fit that requirement???
Factor in Buffett’s gray matter, which is also dying.
No one can duplicate any bailout money that Buffet gets and channels to the liberal newspapers.
“Buffett always talks about the absolute necessity of his investments having an “economic mote” ie) that thing which competitors couldn’t duplicate and the market would always need as there was no viable replacement.
Exactly how do dying newspapers fit that requirement???”
They don’t. The last thing Buffett would ever buy is this dying crap. Payoff to Obama, the evil SOB
Very well could have a 'newspaper bailout' coming up.