Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2012-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Great Barriers to Entry

There are some industries that are just never gonna have barriers and those industries you better be running very fast. The car market in China is a huge market and they happen to be located in China So that's the main focus of BYD. Charlie, we have found a long life that one competitor is frequently enough to run a business Well, I did find that I went I started with a gas station out at 30th and Renek here and Omaha but whatever he charged for gas was my price.

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