Capital Allocation

Berkshire Hathaway CEO Charlie Munger answers a question about capital allocation. He says the company doesn't really care too much where that 20 billion minimum is as we wouldn't count it in regulated industries like energy or railroad. Warren Buffett: "We are very disciplined in some ways and by ordinary business standards we're sloppy in other ways" A clear week point of mine would be I'm slow to make personnel changes, he adds.