1997-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Value of a Bond With a 22 Percent Coupon
"I've been wrong on that subject then. That's why I say these levels are not unjustified if those kinds of returns can be made," he says. "When the compound rate becomes higher than the discount rate, you get into infinite numbers which you're getting into infinity."
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