Warren Buffett promises that Berkshire Hathaway won't be "spinning off any companies" in the future.
He joked that anytime someone suggests the company could get a short-term gain from a spin-off, he throws them out of the office.
"We've listened to presentation after presentation" over the years from bankers proposing various deals, and "there's always a fee" involved.
Buffett says it's important the companies bought by Berkshire can trust they will remain with Berkshire.Current Berkshire stock prices:
Class B: [US;BRK.B 3043.95 -21.05 (-0.69%) ]
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