Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2001-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Is It a Mistake for a Company to Predict 15 Percent Growth?

I think it's a mistake for any company to predict 15 percent a year growth. Very, very few large companies can compound their earnings at 15 percent. You can look at the Fortune 500 and if you want to pick 10 names on there that will compound their growth from other than some entrepreneurs,. I mean if they had a year where they just broke even so the numbers practically zero. Charlie? Well I can't top that one. It's all an eight, please.

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