
2015-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Is There a Loss in the Textile Industry?
I would never advocate running a business at a loss, and you'll see that in our economic principles. And the same goes for having excess people around. We've got very few of those, but we do have a few. The average consumer staples firm is being under managed with the potential for substantially greater levels of profitability. Given the ongoing struggles of money, many packaged fruit firms are undercut by private label or store brand offerings.
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