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tim333today at 12:58 AM1 replyview on HN

That wasn't their main thing. The main one was to buy stocks or companies for less than they were worth, either because the market mispriced them or because company owners wanted to retire and sell to Berkshire. They also were big into insurance float which is getting insurance premium money that doesn't have to be paid out for a while which provides a kind of free leverage. Buffett did a lot of other things too.


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bigthymertoday at 4:51 AM

I think over the last few decades, he could make deals just because the Buffett name held so much influence. If Buffett was investing, then others could assume that the company won't go bankrupt.

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