Post #7013 by rnam on the Berkshire Hathaway board

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What struck me was the demand from millennials and GenZ. There has been a lot of loose talk about GenZ using new fangled digital payment options and moving away from credit cards. Amex suffered last year and stock price was below $150. Now it is $225.

Amex, Chase et al have enticed new customers with reward cards. Some foolishly carry balances, adding even more to the coffers of the lenders.

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