Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2002-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Influence of Investment Banks and the Need for Corrective Measures

This chapter discusses the influence of investment banks and their perspective on the industry. It highlights the high fees charged by investment banks, scrutiny of entities' behavior after events like Enron, and criticism of certain behaviors within the American capital system. The speaker advocates for a progressive tax system and emphasizes the need for corrective measures in the spread of prosperity.

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