2018-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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After Tax Corporate Profits - Are They a Permanent Shift?
Since 2008, after tax corporate profits have been 8 to 10% of GDP. American industry has gotten incredibly more profitable in aggregate in the last 20 or 30 years. The four largest companies by market value in the United States essentially don't need any net tangible assets.
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