Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

1997-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Importance of State Farm

I said in the report that 40% of you would save money ensuring with that. I didn't say 100% or 80% or 60% because there are areas and professions where somebody else is going to have a lower price than we are. But if across the country we are going, and for all classes of citizens we aregoing to have a low price more often than anyone else. And we've got that because we've got low costs and our costs are going to get lower. So Geico will grow a lot but I, state farm is plenty tough so I'm not going to predict catching state farm. I'm not even going to predictions catching all state but we'll catch somebody

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