Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

1996-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Importance of Efficiency in the Textile Industry

Every industry at all times is interested in downsizing or becoming more efficient. Dexter's shoe has done a great job of that over time, but they've sold more shoes instead of selling the same number of people and letting people go. But sometimes industry trends, at World Book we have fewer people than we had a year or two ago,. Over time we got out of the textile business. I wish we didn't have to, but we did not know how to run a textile company in New England."

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