Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2012-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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You Don't Have to Do a Lot of Things That Work

Charlie and I have a number of filters that things have to get through very quickly before we're willing to think about them. There's industries we know They may have a wonderful future, but we don't have a faintest idea who the winners will be so we don't think about those either. We do not ever want to lose a significant percentage of Berkshires net worth and So far we haven’tI think there are a couple of little rules of thumb It's got a really large commission in it forget it don't read it Because the beauty of this business is you don't have to be able To spell 500 words or something to get to the end of the spelling V

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