Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
12 May 2021 Acquired Berkshire Hathaway Part II
“I think the other part of it is the float. Just like Berkshire, Blue Chip is declining in its core business, but it's still got this super attractive float dynamic.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 12 May 2021
- Publisher
- Acquired
- Episode
- Berkshire Hathaway Part II
Transcript context
…Then why were they so excited about buying the stock, just because it was at historical lows and they felt like it was a low multiple of the profits it was generating? I think the other part of it is the float. Just like Berkshire, Blue Chip is declining in its core business, but it's still got this super attractive float dynamic. If they don't own it outright, why is that attractive? Because they can't use that. They can't take the cash out from the float to use it for something else, right?…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.