Berkshire Hathaway to buy Lubrizol for $9 billion in cash
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#1 Mar 14, 2011
Never a bad thing per se except when he tries to extrapolate that the rest of the rubes should be feeling great because the economy is doing so well.
There will become more concentration and eventually unfair advantage from holding so many interrelated entities. They generate tons of free cash to continue on this buying spree--and of course he is a guilty minded person that pretends to want to pay more in taxes but never ends up because he has so many preference
deductions that accrue to wealthy individuals.
He is a liberal like Soros who wants everyone else to pay more except them. They get a seat at the decision making table because they have so much. Eventually, it will go through a period when it will be unwound but the timing on that is open for discussion.
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