
2019-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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You Shouldn't Take People That You Can't Meet
I think you ought to have your own ground rules as to what your expectations are when they should send you roses and when they should throw bricks at you. And that's one reason I never, we didn't have a single institution in the partnership because institutions meant committees and committees meant that you had some ants that trusted you. So it's very enormously important that you don't take people that have expectations of you that you can't meet. That means you turn down a lot of people. It means you'd probably start very small and you get an audited record. When you've got the confidence where if your own parents came to you and they were going to give you all their money and
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