The 2021 Buf­fett newslet­ter; Why we sold HAW & RMS; how impor­tant is neg­a­tive EPS; the impact of unlist­ed share options; the high prices of the bank­ing sec­tor; Tony’s thoughts on Div­i­dend rein­vest­ment plans; and Tony’s thoughts on invest­ing through high infla­tion or high inter­est rate envi­ron­ments such as the 1980s.

TRANSCRIPT.

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