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Berkshire Meeting Notes Part VI

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22

May 05, 2012 – Comments (5)

Tax Rates and Growth

Are taxes the problem? What is the ideal corporate tax rate? Buffett says that corporate profits are not the problem. Berkshire is spending money where they see the opportunity. Not lack of capital nor tax rates holding things back. Corporate rates used to be much higher, economy still performed. Medical costs are the tapeworm of American industry. We are at a huge cost disadvantage to the rest of the world.

Considerable talk of the successor here in the actual shareholder session, Buffett recognizing the importance of it, it’s at the top of the list, assures us it will stay there, that is about all on the issue at this point. A few more housekeeping items and at 3:42 CST the meeting has been adjourned.

5 Comments – Post Your Own

#1) On May 07, 2012 at 1:52 PM, Fool (34.39) wrote:

Jason - thanks for all of the notes!  I could almost 'hear' Buffett throwing out some of those quotes through your commentary.

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#2) On May 07, 2012 at 7:00 PM, TMFJMo (70.84) wrote:

Truly my pleasure TXinvestor82. Thanks for reading!

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#3) On May 12, 2012 at 9:06 AM, Tonyhard (< 20) wrote:

Thank you for sharing those notes with all of us 

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#4) On May 12, 2012 at 8:26 PM, TMFJMo (70.84) wrote:

Happy to serve Tony. Thanks for reading.

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#5) On May 22, 2012 at 11:57 AM, rmaslar (< 20) wrote:

Great notes, thanks for sharing.  I have a great respect for WEB's simple approach.  It was summed up well in your notes with his comment on railroads and he has done well with Burlington.

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