2002-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Development of Sustainable Competitive Advantages
Buffet and Munger discuss the development of sustainable competitive advantages in businesses, citing examples like Microsoft, See's Candy, Berkshire Hathaway, NetJets, and Coca-Cola. They emphasize the importance of refining techniques, progressing in small towns, and having a good reputation for building sustainable competitive advantages.
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