
2001-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Are You Getting Any More Predictions of Future Earnings Growth?
I see more predictions of future earnings growth at a high rate, not less. The implications involved in certain market valuations really belong in Gulliver's Travels or something. I mean, people were valuing businesses at 500 billion dollars a year, a year and a half ago. And there's just no mathematical calculation you can make that would justify those valuations.
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