Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2014-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Is There Any Secret to Berkshire?

Berkshire Hathaway's main contribution to Berkshire was ignorance removal. If it weren't for the fact we were so good at removing our ignorance step by step Berkshire would be practically nothing today. Ben Ottenhof: I've read recently that the Bank of America investment you changed it so they can now treat it as tier one capital. Can you explain a little bit why you did that?

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