Famous Quotes from 1996 Annual Meeting

1. "We decided that, to reduce any feeling that you have to get in early, or only the big guy's going to get it, that we would announce loud and clearly that we would have shares available for everyone that wanted."

2. "Record earnings. The businesses are performing exceptionally."

3. "Float is growing. We're well positioned."

4. "A great many people would end up buying these unit trust holdings without any idea of what they were buying, and with unrealistic expectations as to the future."

5. "We came upon the idea of the Class B shares, which would create a supply that would match the demand for, in effect, split shares, and that would be offered in a way that did not create special inducements."

6. "We stuck a commission on it... that was about as low as any I've ever seen in many years in Wall Street, because we did not want salespeople to have a great inducement to go out and sell the shares."

7. "At present prices, Charlie and I do not think Berkshire stock is undervalued."

8. "Our hope is that the Class B shareholders that we attract are of the same quality as the people in this room, that they have an investment attitude where they feel they are buying into part of a business, that they expect to stay with it for the indefinite future, maybe the rest of their lives."

9. "We had Australia, the Channel Islands, England, Greece, Hong Kong, Israel, Portugal, Puerto Rico, Singapore, Sweden, and Switzerland."

10. "A great many people would end up buying these unit trust holdings without any idea of what they were buying."

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Source: 1996_Annual_Meeting.md