2min chapter

Acquired cover image

Berkshire Hathaway Part II

Acquired

CHAPTER

The Seven Powers of Branding

It gets back to the fight with the efficient market hypothesis, theorist, and the nature of debt. Debt is going to increase the chance that the company goes bankrupt. And so if as a seller, if you care about the legacy of the company, your interests are alined with warrens because he wants the cas flows over the longest period - which means he's going to avoid debt.

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