Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2018-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The First Quarter of 2008 - What's Next?

The railroad was up significantly, and most of our businesses tended to be up. We were aided in that in a material way by the reduction in the federal income tax rate from very 5% to 21%. Our businesses were up significantly on a pre-tax basis, but the gain was further enhanced by the change in the income tax rate. And anything goes on the questions except we won't tell you what we're buying or selling. But it really can be a question sometimes of confusing the forest with the trees.

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