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1995 Annual Meeting

Newspapers "still making exceptional money"

Despite some economic declines in the newspaper industry, Warren Buffett says he would still rather buy "a newspaper in a single newspaper town" than most other businesses. Charlie Munger, though, tempers his enthusiasm.

Mon, May 1 1995 • 1:00 PM EDT
More From 1995 Annual Meeting
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1995 Annual Meeting Highlight Reel
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Morning Session - 1995 Meeting
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Afternoon Session - 1995 Meeting
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How Buffett acquired Helzberg's Diamonds
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VIDEO03:34
Why are Buffett's family members on the board?
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“It’s not that complicated to figure out where it makes sense to put money”
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"I think Salomon's going to be around for a long time"
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Why shareholders aren't given video of Berkshire meetings
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Munger: An "idiot" could successfully run Berkshire
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Buffett prefers "obvious" business decisions
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"Most moats aren't worth a damn"
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Why Buffett and Munger don't trust financial projections
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VIDEO01:17
Buffett and Munger on "the first threshold question"
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Rich people can get "antagonistic" toward others
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VIDEO02:16
"Look twice at companies" with confusing accounting