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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" 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: sutton ✭  😊 😞
Number: of 22354 
Subject: Re: Car Shipping Issues
Date: 06/18/23 5:07 PM
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Jimkredux:

A question I've wanted to ask for years of a person with used-car business experience.

I have *never* seen a car I used to own show up on the streets. Once I hand over the keys, they vanish. This has been true in major metro areas as well as in rural counties.

I suspect it relates to my generally hanging onto cars until their wheels are about to fall off. The most recent example was selling my 1986 Ford Ranger in 1998, so as to buy a used (1995) 4Runner (which I still have).

I'm guessing these near-death $750 cars are bundled, wholesaled off and loaded onto a freighter to a far-off destination.

What do you think?

Thx

--sutton
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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