
1999-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
00:00
Transparency and Concerns in Berkshire's Annual Report
A shareholder expresses gratitude for the transparency of Berkshire's annual report but raises concerns about the derivative operations of General Re. Buffett discusses Berkshire's stance on leveraged derivatives and explains how they calculate intrinsic value. They also delve into the glitches and errors in the derivative department, emphasizing the importance of thorough evaluation and maintaining transparency in accounting and reporting.
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