1997-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Introduction
Fred Cooker: Let's start with a question about intrinsic value. He asks, what do you believe to be the important tools in determining intrinsic value? Berkshire Hathaway CEO Charlie Munger says he uses "a number of filters" Fred Cooker: The only reason for putting cash into any kind of an investment now is because you expect to take cash out later.
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