Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2019-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Leveraged Investments Against Unleveraged Common Stocks

A leveraged investment in the business is going to beat an unlevered investment in a good business, a good bit of the time. If you can borrow money, I think my assets that will yield 7% or 8%. But both Charlie and I probably have seen some more high IQ people, really extraordinarily IQ people destroyed by leverage. It's not something that interests us at all.

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