
2014-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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YMR Germany - What's Your Best Estimate of the After Tax Returns?
We had a test of hyperinflation in YMR Germany. And the people who owned stocks in places like Berkshire got through and they did prosper joyously, but they got through. I don't like this huge confidence that all you have to do is just keep printing money and spending it. We can handle a little bit of sub-part growth for some stretch or other. But it would be quite dangerous to let the whole damn thing blow up because a bunch of crazy politicians were printing money. That's the one thing that is right. He's way ahead of me folks.
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