2017-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Airline Industry Is a Tougher Industry
Berkshire Hathaway has invested close to $10 billion in the four major airlines. Buffett: The industry also suffers from low switching costs and intense pricing competition. He says comparisons should not be made to Berkshire's move into railroads a decade ago. "You couldn't pick a tougher industry ever since"
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