Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2016-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The CDS Is an Insurance Premium Against Our Debt That People Buy

There's not another Ajit in the house. Back in 2008 and 9, our CDS prices went up to a crazy level. I even commented here at the annual meeting that I would love to be selling on myself except I wasn't allowed to. It is too bad for the other guys. They didn't get collateral from us and we wouldn't have given it to them. So they have to buy these things that, like I say from our standpoint, they are wasting their money.

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