
2020-Full Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Advantages and Disadvantages of Size
The potential of our operating businesses are substantial. We're ready for $100 billion of investment opportunities there. Just because we don't have dividend requirements, we've retained 28 billion of earnings over 20 years that you can't do it if you run a normal public company. If we find some great opportunity that for a billion dollars to double our money, that's a billion pre-tax. That's 790 million after tax. On a market value of 450 billion or whatever it may be, it doesn't have much to much, unfortunately. But occasionally, it may be important.
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