Warren Buffett on Saturday rejected a frequent criticism that his Berkshire Hath...
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan
Buffett defended Berkshire’s disclosures in responding to three questions at Berkshire’s annual shareholder meeting in Omaha, Nebraska. Berkshire owns or co-owns several companies, such as the BNSF railroad, large enough to be in the Fortune 500 on their own, yet which merit no more than a couple of pages in its quarterly and annual reports. Profit and revenue for many smaller units are not disclosed at all.
He insisted that overwhelming investors with technical information was the wrong idea, saying you can “lose people” in a 300-page report that says less than a 50-page report.
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