[jbob2000]

He’s responsible for the propagation of expensive insurance and sugary drinks around the world - he extracts wealth from the poor and middle class, and by never splitting his stock, makes it impossible for anyone but the elites to share in that extraction.

He is nothing like Musk. If Buffet never existed, Geico and Coca Cola would have been mismanaged into the ground and these markets would have never been sparked to become global industries.

[voisin]

He buys companies that are well managed but have hit a stumble and the market overreacts negatively. He is not a turnaround specialist.

[mrfusion]

They did make class B shares to bring the price down.

And how did he make expensive insurance?

[jbob2000]

The class B shares don’t have the same power as the A shares, it’s still classist.

The expensive insurance thing is a hard thing to prove, it’s definitely an opinion rather than a fact. What I saw was the huge success Geico had with their advertising programs, and then every other insurance company deciding to run expensive ad campaigns. The costs of that marketing is paid for directly by the consumer, we’re paying to watch all these dumb characters and cavemen try to sell us car and home insurance, when it used to be a quiet thing you did at the bank.