1996-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Problem With Unit Trusts
"We have to authorize enough shares because we are going to allow every share of class A or present common stock with the class A to convert to B," Buffett says. "If we hadn't done this, the unit trusts would have moved forward and I think they would have cashed in on that phenomenon."
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