
2018-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
00:00
401ks
Andrew Keen: I read an investigative article from ProPublica on the Washington Post that many of Berkshire's various units only offer 401k plans with high fees. They're actively managed rather than the low cost indexes you have advocated as the best path for savings for retirement. The articles author said he contacted the company and nobody would comment. Will you do something to improve our 401k offerings to match your investment philosophy? How did this happen given your strong views on the topic? You can also be multidisciplinary but generally I think people make more money if they're very narrowly specialized like the proctologist in Nebraska.
Transcript
Play full episode