Buffett and Munger on "the first threshold question"

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1995 Annual Meeting

Buffett and Munger on "the first threshold question"

Warren Buffett and Charlie Munger reveal the first test a potential Berkshire investment must pass.

Mon, May 1 1995 • 9:00 AM EDT

More From 1995 Annual Meeting

1995 Annual Meeting Highlight Reel

Morning Session - 1995 Meeting

Afternoon Session - 1995 Meeting

How Buffett acquired Helzberg's Diamonds

Why are Buffett's family members on the board?

“It’s not that complicated to figure out where it makes sense to put money”

"I think Salomon's going to be around for a long time"

Why shareholders aren't given video of Berkshire meetings

Munger: An "idiot" could successfully run Berkshire

Buffett prefers "obvious" business decisions

"Most moats aren't worth a damn"

Why Buffett and Munger don't trust financial projections

Rich people can get "antagonistic" toward others

Newspapers "still making exceptional money"

"Look twice at companies" with confusing accounting