Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2021-Full Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Rise of New Spacks Has an Impact on Berkshere's Ability to Find and Close New Acquisitions

Sam butler asks, what impact does the rise of so many new spacks have on berkshere's ability to find and close new acquisitions? Well, it's to kill her. These spacks generally have to spend their money in two years. If you put a gun into my head and said, you got to buy a big business in two years, you know, i'd buy one, but it wouldn't be muchof one. It's kind of akin to the saint petersburg paradox. Anda, i could tell you, but i had a very famous, i had a call from a very famous figure many years ago that was involved in reinsurance. He wanted

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