Warren Buffett On ROE and Competition; Jack Welch 1998 Q19 am

Описание: Warren Buffett and Charlie Munger answer a question at the 1998 Berkshire Hathaway annual meeting about return on equity of banks. There's a number of interesting points in this video, including the sustainability of returns on equity, to capital retention in industries, to the unclear answer as to what would happen if you had all rational competitors.

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