1996-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Importance of Owning Three Wonderful Businesses
"You don't really understand the businesses that you own," Warren Buffett says. "There is less risk in owning three easy to identify wonderful businesses than there is in owning 50" He adds: "A really wonderful business is very well protected against the vicissitudes of the economy over time and competition"
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