Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

1997-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Evolution of the Low Cost Industry

I've been around a lot of people with money and talent over time. And the, I see very few of them that are turned off from using their talents by a 28% doesn't happen. The world evolves in a way in a market society so people do what they're best at. You know, you look at the countries of Europe that were supposedly going to beat us into the ground or you look at Japan. But here we are with our unemployment rate under 3%.

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