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1997 Annual Meeting

"It has been a very pleasant surprise"

By 1997, Berkshire's initially shaky investment in USAir was looking even better. Buffett gave credit to Stephen Wolf, the airline's CEO, for improving its financial performance and catching up with scheduled dividend payments to Berkshire. Buffett hoped Wolf might even be able to "nullify" his mistake.

Mon, May 5 1997 • 9:00 AM EDT
More From 1997 Annual Meeting
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VIDEO03:56
1997 Annual Meeting Highlight Reel
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VIDEO02:29:30
Morning Session - 1997 Meeting
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VIDEO02:49:55
Afternoon Session - 1997 Meeting
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VIDEO01:53
Is McDonald's an "inevitable" company?
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VIDEO01:28
"There are a lot more interesting things that are going to happen"
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VIDEO02:11
"The stock market is there to serve you and not to instruct you"
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VIDEO02:06
Why Buffett doesn't invest in Intel and Microsoft
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VIDEO04:56
Buffett and Munger on the capital gains tax
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VIDEO01:51
America's economy "encourages" adaptation
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VIDEO03:56
Buffett's "five minute test"
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VIDEO01:07
Buffett's "normal day"
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VIDEO01:45
Money managers have gotten "something for nothing"
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VIDEO02:06
"Learn from the other guys' mistakes"
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VIDEO02:14
How investing is similar to choosing a spouse
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VIDEO02:44
"It's share of mind that counts"