
2014-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Netjets Is a Growth Opportunity for Berkshire
Berkshire has made its preferred non-callable for five years now in a world of five basis money by a five basis point money you know practically nothing no returns I was very willing to make that trade off it was they felt it was good for them and I felt it wasGood for Berkshire so I get five years at Berkshire of non-call of a six percent preferred which I can always use as payment for the warrants we have. The probabilities that going to non-cumulative hurts us are very very low and the probability that making it non-callability for five years is a real plus to us so it was an exchange I was happy to make I think that was
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