Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2019-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The 3G Situation - It's a Normal Outcome of Success

The 3G situation, there's a long series of transactions that worked very well, and finally there was one transaction at the end that didn't work so well. That is a very normal outcome of success in a big place with a lot of young men who want to get rich quick. And you want to be careful. It's so much easier to take the good ideas and push them for wretched access. The old little consumer is going to force them to have our product and we will get the gross margin.

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