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Berkshire Hathaway Part II
Acquired
Is There Valuable Destruction for the American Consumer?
Is there valued destruction for the american consumer by making it so all those people who had gico in the states that they decided to pull out of lost their car insurance? That's a good question. Ye, like value capture. It's berkshire, it's buffet. They always do a damn good job of capturing the value. Interestingly, especially over this period and the life of the company, probably because of the long term focus on not selling investments. With regard to tax liabilities, no, berkshire and its shareholders pay. If you don't sell, you pay no tax, right? Massive tax to furls. Yep, ar iht, grading. Ros
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