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1996 Berkshire Hathaway Annual Meeting

(May 6, 1996) Buffett explains how Berkshire Hathaway felt it needed to protect investors by issuing new Class B shares designed to be 1/30th the price of the existing shares, which was then around $32,000 a share. He also reveals why the prospect of change at a company "scares the hell out of us," explains insurance "float" and it's enormous importance to Berkshire, calls portfolio diversification "protection against ignorance," and succinctly lists the three major ideas all investors need to know.



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1996 Berkshire Hathaway Annual Meeting

https://buffett.cnbc.com/1996-berkshire-hathaway-annual-meeting

(May 6, 1996) Buffett explains how Berkshire Hathaway felt it needed to protect investors by issuing new Class B shares designed to be 1/30th the price of the existing shares, which was then around $32,000 a share. He also reveals why the prospect of change at a company "scares the hell out of us," explains insurance "float" and it's enormous importance to Berkshire, calls portfolio diversification "protection against ignorance," and succinctly lists the three major ideas all investors need to know.



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https://buffett.cnbc.com/1996-berkshire-hathaway-annual-meeting

1996 Berkshire Hathaway Annual Meeting

(May 6, 1996) Buffett explains how Berkshire Hathaway felt it needed to protect investors by issuing new Class B shares designed to be 1/30th the price of the existing shares, which was then around $32,000 a share. He also reveals why the prospect of change at a company "scares the hell out of us," explains insurance "float" and it's enormous importance to Berkshire, calls portfolio diversification "protection against ignorance," and succinctly lists the three major ideas all investors need to know.

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      (May 6, 1996) Buffett explains how Berkshire Hathaway felt it needed to protect investors by issuing new Class B shares designed to be 1/30th the price of the existing shares, which was then around $32,000 a share. He also reveals why the prospect of change at a company "scares the hell out of us," explains insurance "float" and it's enormous importance to Berkshire, calls portfolio diversification "protection against ignorance," and succinctly lists the three major ideas all investors need to know.
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      (May 6, 1996) Buffett explains how Berkshire Hathaway felt it needed to protect investors by issuing new Class B shares designed to be 1/30th the price of the existing shares, which was then around $32,000 a share. He also reveals why the prospect of change at a company "scares the hell out of us," explains insurance "float" and it's enormous importance to Berkshire, calls portfolio diversification "protection against ignorance," and succinctly lists the three major ideas all investors need to know.
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