Evidence receipt / evaluation
Published · transcript-backedDavid Rosenthal: evaluation
12 May 2021 Acquired Berkshire Hathaway Part II
“During the decade of the 1970s, Blue Chip’s core business—even though they settled the DOJ suit—declined 90% over the decade because consumers are just not that interested in stamps anymore.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 12 May 2021
- Publisher
- Acquired
- Episode
- Berkshire Hathaway Part II
Transcript context
…Listeners, if you're feeling like this is convoluted and a little bit messy, maybe even they might be hiding something with the lack of simplicity here, so does the SEC. Which we will get to you in one sec. Ironically, while they're doing all of this buying, they're just so thrilled at the prospects of what they're doing. The actual business of Blue Chip enters a major secular decline. During the decade of the 1970s, Blue Chip’s core business—even though they settled the DOJ suit—declined 90% over the decade because consumers are just not that interested in stamps anymore. Credit cards are becoming a thing, it seems like an outdated kind of thing so the business is declining. 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?…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.