
1997-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Should I Wait for the Market to Go Down or Can I Get in Now?
I was struck with what you said that it takes only three quality companies to invest in the sector lifetime. My question is this I am thinking of McDonald's. You ought to quit while you are ahead but go ahead. In the annual report we talked about Coca-Cola and Gillette in terms of their base business being what I call the inevitable. So they do not you just you never would get in the food business in my judgment quite the inevitable that you would getting in the soft drink business with a Coca-Cola. Would you like it to the eighth of a point or shall we round off?
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