Warren Buffett's Frugality Has Hurt Berkshire Shareholders?

Geico is like Costco in that it feels the holy duty to have a wonderful product at a very low price. It's easy to talk the game, but living the game is something else. And I'm not surprised that both companies keep taking share. Berkshire Hathaway CEO Warren Buffett and Charlie Munger answer questions about their personal frugal ways.