Jump to content
ScottO

Berkshire Hathaway Annual Meetings

Recommended Posts

2021https://youtu.be/gx-OzwHpM9k

 

2020https://youtu.be/69rm13iUUgE

 

One of the strangest ways I've calmed myself down about investing during this period of uncertainty has been watching Warren Buffet speak during the Berkshire Hathaway shareholder meetings. 2020 included a neat presentation on "the American tailwind" and I'm still working my way through the 2021 video. They are at least four hours long, so maybe it just exhausts my brain on the topic for the year... does anyone else watch these?

Share this post


Link to post
Share on other sites

Never had the time nor the interest. Bogle is plenty enough for this ordinary investor. I love and respect what he is doing with his money in the Gates foundation. 

Share this post


Link to post
Share on other sites

Buffett's annual shareholder letters are a good source of his philosophy, more concentrated than the recorded meetings. https://www.berkshirehathaway.com/letters/letters.html

Last year's was kind of a dud, as I recall, but many of the earlier ones are memorable.  He devoted a section of one (2017?) to praise of Jack Bogle.

“If a statue is ever erected to honor the person who has done the most for American investors, the hands down choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. In his crusade, he amassed only a tiny percentage of the wealth that has typically flowed to managers who have promised their investors large rewards while delivering them nothing – or, as in our bet, less than nothing – of added value. In his early years, Jack was frequently mocked by the investment-management industry. Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.”

Share this post


Link to post
Share on other sites

Finally getting around to reading (listen on audio) Roger Lowenstein's massive tome about Buffett. I am about half way through. 

Buffett has the right balance on not just money but life. He focuses on capital but also one character, never expecting more from others than he would of himself. He focuses on the company balances sheets but also has a keen sense of management and their character. He focuses on investments but has superb management skills that would put most major CEOs to shame. When he takes his work seriously, he is not serious. His homespun philosophy, small town country values and sense of humor, is why people respond to well to him because they believe him. He is genuinely authentic and organic, makes decision relying on the data directly from the companies, not statistics or math from academia or anybody else. Finally, he is transparent in everything he does, thinks long term, treats the companies that he manages or owns like a marriage, for the long term. Obviously, with all of this in mind he thoroughly rejets just about everything that happens on Wall Street--especially the trading mania and short term outlook. 

https://www.amazon.com/Buffett-American-Capitalist-Roger-Lowenstein/dp/0812979273/ref=sr_1_1?crid=2BCL1OU23LZIJ&dchild=1&keywords=roger+lowenstein+buffett&qid=1621350262&sprefix=roger+low%2Caps%2C210&sr=8-1 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...