Read/watch the following videos/excerpts:
Buffett, W.E. and Munger, C.T. (1998). 1998 Berkshire Hathaway Annual Shareholders Meeting. Watch/read the “30. Business schools “incoherent” on cost of capital” section
Buffett, W.E. and Munger, C.T. (2001). 2001 Berkshire Hathaway Annual Shareholders Meeting. Watch/read the “22. Capital and opportunity cost” section
Buffett, W.E. and Munger, C.T. (2003). 2003 Berkshire Hathaway Annual Shareholders Meeting. Watch/read the “20. Look at opportunity cost not cost of capital” section
Question for discussion: Comment on how Warren Buffett views cost of capital at Berkshire Hathaway.
