
2017-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Is There a Moral Fault in 3G?
Charlie Munger: We don't want to go back to subsistence farming. He says there's some political reaction that doesn't do anybody any good. Berkshire is much more liquid than is ideal right now with 113 billion of consolidated cash and bonds versus policy holder float of 105 billion. But I have trouble calculating how much incremental buying power Berkshire has at any point in time.
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