"You get a lot of mediocrity"

Skip Navigation

Warren Buffett Archive

cnbc

1996 Annual Meeting

"You get a lot of mediocrity"

Warren Buffett shares his views on good management and why the CEOs of the Fortune 500 aren't like an Olympic team.

Mon, May 6 1996 • 1:00 PM EDT

More From 1996 Annual Meeting

1996 Annual Meeting Highlight Reel

Morning Session - 1996 Meeting

Afternoon Session - 1996 Meeting

Why create Class B shares?

How Class B shares compare to A

How does the issuance of Class B shares affect A shareholders?

Buffett on the price of the Class B

Buffett on the future of World Book

Buffett on insurance "float"

"It's still a very fine business"

What Buffett looks for in annual reports

"Berkshire is not a one-man show"

"We really feel the fairer, the better"

Buffett and Munger's views on downsizing

When to invest in a great company