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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What's the Difference Between Working Capital and Stocks?

There's another change in the old days if the business stop working you can take the working capital and stick at this year older's pockets. The whole culture has changed on that one not completely but a lot from ben grants day there are a lot of reasons why the investment idiosyncrasies of one era don't translate that perfectly into another. I've seen a few lists of tech companies selling below cash, but they're determined to use that cash. And it may not be there in a year or two. It was a different breed of animals, to some extent, in Ben's list at that time.

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