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76 sats \ 3 replies \ @denlillaapan OP 18h \ parent \ on: Buffett and His Pile of Cash (Financial Times, Eric Platt) econ
big words, my dude
The fact he’s holding to all that cash but at the sign of economic weakness will layoff labor because of thin margins is gross.
One if my good friends almost got laid off from GEICO because of this guy. Everyone praises his balance sheet but looks how he treats his employees. Pays them crap wages and then forces them to use government services to help them pay for homes (FHA Loans) and health care.
It’s unfeathered greed at its finest. Plus look at the companies he owns
Addictive sugar water
Insurance that constantly deny claims
A credit card company
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The fact he’s holding to all that cash but at the sign of economic weakness will layoff labor because of thin margins is gross.
This is an interesting comment to discover on a bitcoin site.
What economic behavior, aside from legal profit-seeking in the public companies in his portfolio, would you advise?
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Empower your employees. Instead of laying them off use the capital and give them the option to learn another skill or trade that will add value to one of his other companies. Pay them enough to where they can have savings in the event the economy turns they don’t become a liability of the government. If he did this then this empowers the employee
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