Post #764 by BreckHutHigh on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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"Far be it from me to point something out to Charlie, but California has the 5th fastest growing GDP in the country, and the 5th highest per-capita GDP in the US, a remarkable number given the tide of low-wage/low income people arriving across their southern border."

Et tu Gavin?

While low wage and low income people are streaming in from the south, higher-wage/higher income people are streaming out to the east(sounds like a formula for long term success):

"Demand for equipment out of California, Illinois and New York remained strong in 2022, as more people opted to leave areas of the West Coast, Northeast and Midwest. California and Illinois ranked 50th and 49th, respectively, on the U-Haul Growth Index for the third consecutive year, meaning those states saw the greatest net losses of one-way U-Haul trucks.

https://www.uhaul.com/Articles/About/U-Haul-Growth...

"California has been a net exporter of businesses for at least three decades. A Rose Institute analysis of data from the National Establishment Time Series (NETS), a widely used private sector source of U.S. business data, shows that 5,581 businesses moved to California and 9,767 left from 1990 to 1999. Similarly, from 2000 to 2009, 16,672 businesses moved here and 24,016 left. From 2010 to 2019, 23,057 businesses moved to California and 31,490 left. From 1990 to 2019, 44% more businesses left California than moved here."

http://s10294.pcdn.co/wp-content/uploads/2022/12/K...

"California lost a total of 352 headquarters in the period January 1, 2018, through December 31, 2021, and the departures are accelerating as more relocation plans move to implementation. The breakdown by year and monthly averages, shown in Table 1 indicates that the 2021 total of 153 ' which average 12.8 per month ' is more than double the 2020 full-year loss and significantly above the 2018 and 2019 monthly averages. And as we describe in Section 11, our count is almost certainly biased downwards significantly, because relatively small businesses ' those that do not attract media coverage or that are small enough to avoid filing compliance reports ' are extremely difficult to detect.

https://www.hoover.org/sites/default/files/researc...

Maybe, just maybe, Charlie knows whereof he speaks....

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