Berkshire Hathaway held its annual shareholder meeting in Omaha, Nebraska, Saturday, May 5. Led by chairman and CEO Warren Buffett and vice chairman Charlie Munger, the meeting draws around 42,000 investors, both young and old, seeking wisdom from the investing legends.
Curious about what it’s like to bask in Buffett and Munger’s wisdom? Check out our Berkshire Hathaway Annual Meeting Playlist: [ Ссылка ]
0:00:00 Welcome
0:05:50 Investing philosophy
0:19:53 Q&A start. Buffett semi-retired
0:23:47 Precision Castparts is “a very good business”
0:28:20 Trade benefits both US and China
0:34:55 Making deals don't depend on Buffett.
0:41:00 Cyber risk for Insurance.
0:47:38 Capital allocation in the public sector
0:49:10 Wells Fargo will emerge stronger
0:59:32 Buffett will be missed
1:04:29 Buffett talks to Ajit Jain about insurance pricing
1:09:20 Putting business values in income account is “enormously deceptive”
1:14:50 McLane profits hurt by severe competitive pressure
1:18:40 Health care costs partnership with Amazon and JPMorgan
1:27:04 Weschler and Combs “slightly ahead” of S&P500
1:30:08 GEICO is on a good growth and profit track
1:34:24 Munger on steel tariffs
1:40:50 Buffett won’t impose his political opinions on Berkshire
1:44:50 “Very unlikely” Berkshire would pay a special dividend
1:50:10 How would Buffett invest a billion
1:54:20 Munger: Keep the faith and don’t sell your stock when we’re gone
1:56:44 Duracell should be earning more money than it is now
1:59:55 Long-term bonds are “almost ridiculous” at current rates
2:07:20 A bureaucracy is sort of like a cancer
2:12:34 We’re experimenting with lower-cost commercial insurance
2:16:18 Health care partnership is attacking a huge “industry moat”
2:18:50 Buffett vs Elon Musk on whether competitive moats are “lame”
2:22:18 Find good uses for Berkshire Hathaway Energy’s capital
2:26:30 We do expect that normalized earning power to increase over time
2:30:56 No “unusual profits involved in being a real estate agent”
2:37:50 Some Kraft Heinz products “enjoy fairly healthy” growth
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