
2020-Full Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Capital Intensive Businesses Are Not as Good as They Used to Be
The seized never required capital. It didn't grow, but it just doesn't take money to expand it. And because we own it within Berkshire, to redeploy it elsewhere didn't require a lot of tax expense either at the corporate level or at the personal level. But we could very easily have higher corporate income taxes and perhaps much high corporate income taxes at some point. If you can find an equally good business,. I mean, in terms of operations that doesn't require capital.
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