
1995-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Is the Market Working That Way?
If you have a situation where market rates exceed the earning capacity of the business then at some point capital will flow away from the business. My guess is that there that in effect Solomon has put in a more Goldman Sachs like system because essentially it created to a degree a partnership within it. If you change from one culture to another you are not going to get a hundred percent acceptance of any new system trying.
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