From CNBC, May 6:
Berkshire Hathaway’s annual shareholder meeting on Saturday included dozens of questions spanning topics such as investing strategy, artificial intelligence and politics for the legendary investors at the helm of the conglomerate: Chairman Warren Buffett and Vice Chairman Charlie Munger
But it wasn’t all strictly business. Buffett and Munger — who are 92 and 99 years old, respectively — cracked jokes and shared wisdom from decades in the investing world throughout the more than five hours spent answering questions.
Here’s some of the best moments from the “Oracle of Omaha” and Munger:
King Charles and King Charlie
Buffett referenced the coronation of King Charles III in England also scheduled for Saturday as he introduced Munger. Charles was the 40th monarch to be crowned at Westminster Abbey in a tradition that dates back to 1066, according to NBC News.
When I woke up this morning, I realized that we had a competitive broadcast going out somewhere in the U.K. ... They were celebrating a ‘King Charles,’ and we’ve got our own ‘King Charles’ here today.
More people do ‘dumb things’
Munger said value investors should be prepared to get smaller returns as competition intensifies. But Buffett said there’s still opportunities given so many people have a short-term view and often do stupid things in a panic....
....MUCH MORE
CNBC and Yahoo Finance usually do the most wide-ranging coverage of "Buffettpalooza" while the local newspaper, the Omaha World-Herald used to cover the Question & Answer part of the meeting so in-depth that we once called it "Better-than-a-transcript." but since Berkshire sold the paper the coverage seems to be a bit less resource-intense, still insightful though:
Buffett expresses confidence in bank deposits before full house of shareholders in Omaha
And back to CNBC, you'll find most of their stories in: "Here’s a full recap of everything Warren Buffett and Charlie Munger said at Berkshire’s annual meeting"
If you click through, they have almost an hour of video as well.
The placard in front of Buffet reads "Available for sale. That in front of Charlie: "Held to maturity."
Tomorrow, some of the tidbits from Yahoo Finance.
