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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: sykesix   😊 😞
Number: of 21943 
Subject: Re: War, currencies and jurisdictions
Date: 06/11/25 11:51 PM
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Canada is getting slapped right now because America thinks that they have been annoyingly taking advantage of the cross-border trade. (And it is not just Trump.)

If "America" is thinking that (and I don't think most of us are), then America is pretty damn dumb. If I need widgets for my business and you can make widgets cheaper than I can make them, then I become richer by buying every single last possible widget I can from you. That's why trade exists.

If I were dumb as dirt and thought I was being "taking advantage of" because I was making money buying cheap widgets, I would impose a tariff so the cost my widgets goes up. My profits would go down, but at least...uh, I dunno what I get out of it. The deep satisfaction of having less money?

The US economy has beat the rest of the industrialized world over the last couple decades is in large part because we buy cheap widgets, not despite of it. The parable of Killing the Golden Goose has been around for about 2,500 years now. I think the lesson is so lasting because it never takes hold. I guess we're gonna learn it again. Good and hard, this time.

Next up, the parable of the Boy Who Cried Wolf. Also directly relates to current events. I'll leave the reasoning behind this as an exercise for the reader.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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