2min chapter

Acquired cover image

Berkshire Hathaway Part II

Acquired

CHAPTER

Incentivize Paying With Cash

Stamp companies were running the stamp operation. The ness is the stores, they bought stamps in advance from the stamp company. So there's float. And then two, even better, there's network effects in this business,. More stores that use a given stamp system versus another one, the more consumers ar goig to be incentivized to buy at those stores. It sounds so convoluted when you sort of explain it this way totally.

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