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1997 Annual Meeting

Buffett and Munger on the capital gains tax

Warren Buffett and Charlie Munger give their views on a "fair" capital gains tax rate and the responsibility a society has to provide for its less privileged citizens.

Mon, May 5 1997 • 9:00 AM EDT
More From 1997 Annual Meeting
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1997 Annual Meeting Highlight Reel
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Morning Session - 1997 Meeting
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Afternoon Session - 1997 Meeting
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Is McDonald's an "inevitable" company?
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"There are a lot more interesting things that are going to happen"
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"The stock market is there to serve you and not to instruct you"
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Why Buffett doesn't invest in Intel and Microsoft
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America's economy "encourages" adaptation
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Buffett's "five minute test"
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Buffett's "normal day"
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Money managers have gotten "something for nothing"
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"Learn from the other guys' mistakes"
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How investing is similar to choosing a spouse
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"It's share of mind that counts"
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"Mistake" not to buy drug companies