WB buys $1/2BN of Sirius??? Are you Serious? (Patreon)
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Berkshire Hathaway is loading up on this perfect zombie company. Half a billion dollars. I really have no idea what Berkshire and Warren are thinking.... THIS IS NOT A WINNING COMPANY!
Why do I think it is NUTS when they could be buying the biggest AGI play on Earth?
Well here are my reasons
1) nobody listens to satelite radio - even more dead than cable TV
2) If people do listen to radio, they prob do it in car! Platforms like Spotify, Apple Music, and Amazon Music have overtaken radio by offering personalized playlists, vast libraries, podcasts, and ad-free listening on demand, often at competitive or lower prices.
3) Most people I know now prefer listening to youtube podcasts so they can learn..... not listen to some shock jock!
4) Stock lost 88% over the last 26 years.... 99% if you factor in debasement.
Granted, I never liked radio or TV... i have a 6.5 year model X and have never once turned the radio on - in fact I am not even sure how or if it even has radio. But it has tons of other choices
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