
1996-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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How to Make Money in the Electronic or Print Encyclopedia End of the Business
It's not easy to figure out how to make money in either the electronic or print encyclopedia end of the business. It may well be that it will be a workable business for us even though it isn't for anybody else. Blue chip stamps once sold stamps at the rate of $120 million a year now it's about $200,000 a year. So we lose some. We don't have any way of avoiding declines in some of our businesses some of the time.
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