2016-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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What's the Difference Between Zero and a Half?
Going from zero to minus a half is really no different than going from four to three and a half. The nature of it is that you'll pay more for a business when interest rates are zero. But we don't get too exact about it because it isn't that exact a science.
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