Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2019-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Accounting Game Is Played I've Got to Tell You About One Business

The accounting games that are played all the adjustments are why the place should really be we'll be earning more than before. It's not an elegant business as Charlie will tell you you have any better stories I've got to tell you about one because it illustrates go on. We also had one that came in from a private equity firm and by a mistake we got the email that was sent to the manager from the email from the private equity firms owned it to the manager in terms of making projections for it. They told them to add 15% because they say buffettles discount by 15% or 20% anyway so just just add 15% offset is conservatism You know it's it's not an

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