American Express
American Express is a global financial services company that offers charge and credit payment card products, travel-related services, and expense management solutions to consumers, small businesses, and large corporations worldwide. The company also provides network services, merchant acquisition and processing, fraud prevention, and customer loyalty programs.
“American Express is in the soybean oil checking business. And you'd have no idea how many strange variety businesses exist. And by the way, it was like a multi-hundred million dollar a year business to, like, be in this soybean checking oil business.”
Source→“Warren Buffett goes around and he was like, you know, American Express stock is down right now... I have a feeling that the people who are using American Express, they don't really give a shit about this. They still trust that American Express is good for, you know, credit cards.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.