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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: mungofitch 🐝🐝🐝 GOLD
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Number: of 21938 
Subject: Re: War, currencies and jurisdictions
Date: 06/12/25 3:01 PM
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In terms of revealed preferences, Trump is as American as large pickup trucks and high-fructose corn syrup.

Interesting metaphor as the popularity of both items in the US stems directly from separate quirks of US tax law, not from simple local preferences. (perhaps that's why you picked them)

HFCS because of the more or less total ban on sugar imports above a quota level causing sugar to be twice as expensive as in the rest of the world and therefore making HFCS, normally a more expensive product, cheaper by comparison,

...and pickups because of the 25% duty arising from the chicken tariff dispute ~50 years ago, making them the extra-profitable product of preference for US production.

I don't know that there is any deep lesson from all that other than that one should never underestimate the power of unforeseen consequences from government initiatives. Or as Mr Munger might have said, "Show me the incentive and I'll tell you the outcome".

Jim
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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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