Buffett’s $50 million credit card blunder – Peddling credit cards isn’t so easy that a caveman can do it.
That seems to be the conclusion Berkshire Hathaway (BRK.A) chief executive Warren Buffett reluctantly reached last year, when he shut down a money-losing credit card business he had dreamed up for Berkshire’s Geico car-insurance unit.
The decision was disclosed in Buffett’s annual letter to Berkshire shareholders, released Saturday. – Continue reading: CNNMoney
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply