
2019-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Short Swing Is Less of a Deterrent
If the Federal Reserve changes, it's an approach we won't have to trim down below that. The short swing thing is less honors to us than it would be to most people who buy and sell stocks because we don't really think in terms of doing much. If we didn't have all these damn rules, we would cheerfully buy more, wouldn't we? Sure. Well, anytime we buy that, we'd do it cheerfully. And we will, you'll probably see us at more than 10% in more things.
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