
1998-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Importance of Constructing Your Business
Almost every business has problems, and we just assume the manager would tell us about them. I do think if you've got a standardized bunch of popular jargon that looks like it came out of the same consulting firm, I do think it's a big turn-off. What you seldom see in an annual report is a sentence like this: This is a very serious problem, and we haven't quite figured out yet how to handle it.
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