Professor Elam

Weekend Jan 26 2020

DC Solar solutions attracted $340M from Berkshire Hathaway.

Decades ago Warren Buffet turned Gates down on Microsoft saying he did not understand it.  Gee Warren, MSFT was pretty straightforward they wrote sofware. 

DC Solar Solutions provided solar generators for cell towers for phones and lighting at sporting events, or so they said. And you got a 30% tax credit for investing. Warren, better run these ideas by Barack Obama who created the framework that allowed this to happen..

$140 M was siphoned off for fancy cars and such, $500 M has been recovered.

I have to wonder if a stock market top is nearing if Buffet can be persuaded into a flimsy scam like this.  Remember maximum mood occurs at the end of a stock market move.