Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2012-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Capital Consumption Business

I don't think it's gonna be all a difficult Don't make it sound too attractive Charlie Carol You're interested in businesses that throw off lots of cash for instance East Candy as well as those where you expect significant capital reinvestment needs. How do you balance the expected need for reinvestment in a capital consuming business against the other possible uses of cash Workier may have in the future such as new investments or stock repurchases? We can expect cash retained to Perhaps earned an average of 12% or something like that which we regard as quite satisfactory.

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