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Berkshire's Moat Not Eroding

Management's ability to continuously reinvest earnings into Berkshire subsidiaries, which mostly have their own moats, will keep the firm's competitive advantages solid over time.

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Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm here today with Gregg Warren; he's our analyst who covers Berkshire Hathaway. Ahead of the annual meeting, we're going to look at how their competitive advantage has evolved over time.

Gregg, thanks for joining me.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.