
1997-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Importance of Investments in the Insurance Business
Investments usually play second fiddle to the insurance business at most companies. Geico has entirely different characteristics than the supercat business. In economic terms and in terms of competitive strengths, they're two very different businesses. Some of those may grow reasonably well. We'll keep working on it.
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