Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2019-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Retail System Has Gained Some Power

Kraft Heinz is still doing very well operationally, but we paid too much. We paid $50 billion. It would have been a different business. Charlie? Well, it's not a tragedy that out of two transactions, one worked wonderfully and the other didn't work so well. That happens. But the idea about buying the cigar butts that are declining are for businesses for a bargain price is not something that we try to do anymore.

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