Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2023-Part 2-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Consequences of Selling Banks

We were going to buy more banks. We were forced out of it. And if we bought more banks, we probably wouldn't have expanded the insurance business. The law changed and so we divested and we've done all kind of insurance. But banking was more attractive to us. It was bigger than there were more targets to buy. You could run a perfectly sound bank then and no negotiable,. All these things that came later and you could sell one today and you could earn a lot.You could earn good money, very good money. And we would have found more banks. But we're precluded from doing that. In terms of owning banks, events will determine their future

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