1994-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Are You Agnostic About Macro Factors?
Mr. Buffett: "We don't know, and we don't think about when something will happen" He says he prefers to buy entire businesses or 80% or greater interest in businesses. The market is far more inefficient in pricing businesses than the negotiated market, Mr. Munger says.
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