Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2017-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

00:00

Trust in Insight: The First Five Minutes Matter

Understanding the potential success of a venture often hinges on rapid evaluation, where initial impressions formed within the first five minutes can indicate likelihood of success. The ability to make informed decisions is critical, evaluating whether sufficient information is available to proceed. Many potential opportunities are dismissed early on due to insufficient knowledge. Preference leans towards companies with strong product longevity and predictability in consumer behavior, though anticipating consumer behavior has become increasingly complex and challenging compared to previous decades. Measuring potential outcomes considers returns on present and prospective capital, emphasizing the importance of informed decision-making.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner
Get the app