Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2001-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Accounting Profession Has Failed the Wider Civilization

The accounting profession has failed the wider so that failed the wider civilization. improper it front ends way too much income it's irrationally optimistic because that's the way the denizens of the field wanted to create bigger compensation this is intrinsically an irresponsible system. The whole system of counting is wrong the whole system of accounting is too optimistic you'll be like going into the taxi cab business with a thirty-year depreciation rate or something, he says.

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