Buffett: "We will not be spinning off companies"

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2009 Annual Meeting

"We will not be spinning off companies"

Warren Buffett explains why it's advantageous for Berkshire Hathaway to avoid creating spin-off companies.

Sat, May 2 2009 • 1:00 PM EDT

More From 2009 Annual Meeting

2009 Annual Meeting Highlight Reel

Morning Session - 2009 Meeting

Afternoon Session - 2009 Meeting

Buffett and Munger on nationalized health care

Why hasn't Buffett brought in his successor?

"I'd only have two courses"

Derivatives are "a danger to the system"

Will Berkshire be competitive in the long term?

When does Berkshire sell its stocks?

Why GEICO spends big on advertising

How Americans' stupidity benefits Berkshire

Moody's wasn't alone in making mistakes

Buffett's three choices for balancing the housing market

"The best protection against inflation is your own earning power"

Buffett and Munger commend DC's credit crisis response