Business Finance Homework Help

Need help with my Business question – I’m studying for my class.

Buffett, W.E. and Munger, C.T. (2004). 2004 Berkshire Hathaway Annual Shareholders Meeting. Watch/read the “21. Easier to find bargains among stocks than IPOs” section

Buffett, W.E. and Munger, C.T. (2012). 2012 Berkshire Hathaway Annual Shareholders Meeting. Watch/read the “6. Stay away from IPOs and big commissions” section

1. Question for discussion: Comment on why participating in IPOs may not be a good investment.