1/🧵
Berkshire Hathaway $BRK annual meeting in Omaha is just around the corner.
After having gone through 150+ hours of meeting recordings since 1994, here’s a collection of questions (+ responses) Buffett and Munger have especially applauded.
Best served with a cup of 🫖
Berkshire Hathaway $BRK annual meeting in Omaha is just around the corner.
After having gone through 150+ hours of meeting recordings since 1994, here’s a collection of questions (+ responses) Buffett and Munger have especially applauded.
Best served with a cup of 🫖
2/🧵
Over the years, @BeckyQuick, @andrewrsorkin, and Carol Loomis have done tremendous job curating the $BRK annual meeting questions.
To ask a question, email BerkshireQuestions@cnbc.com – also state wish to be named or not.
Here’s Carol Loomis in 2019 on good questions.
Over the years, @BeckyQuick, @andrewrsorkin, and Carol Loomis have done tremendous job curating the $BRK annual meeting questions.
To ask a question, email BerkshireQuestions@cnbc.com – also state wish to be named or not.
Here’s Carol Loomis in 2019 on good questions.
3/🧵
Now, to the Q&A...
Q: “Many businesses are reporting rising costs and surcharges on such inputs as fuel, metals, and wood. They are often unable to pass along these costs to their consumers.
Will corporate margins be compromised into the future?”
A:
Now, to the Q&A...
Q: “Many businesses are reporting rising costs and surcharges on such inputs as fuel, metals, and wood. They are often unable to pass along these costs to their consumers.
Will corporate margins be compromised into the future?”
A:
4/🧵
Q: “Are returns in strategies like merger arbitrage, like convertible bonds — are returns going down because of the increased competition?
And are there other factors where Berkshire can be unique versus the hedge funds?”
A:
Q: “Are returns in strategies like merger arbitrage, like convertible bonds — are returns going down because of the increased competition?
And are there other factors where Berkshire can be unique versus the hedge funds?”
A:
5/🧵
Q:
“I don’t know where to learn how to trust the right people. They don’t teach you that in business school, and the people who are supposed to teach you in the corporate world sometimes betray you.
So how can I learn who to trust and who not to trust?”
A:
Q:
“I don’t know where to learn how to trust the right people. They don’t teach you that in business school, and the people who are supposed to teach you in the corporate world sometimes betray you.
So how can I learn who to trust and who not to trust?”
A:
6/🧵
Q:
“I know you won’t invest in technology companies, but are you afraid that the internet will hurt some of the companies that you do invest in, such as The Washington Post or Wells Fargo?”
-10yo Thomas Kamay
A:
Q:
“I know you won’t invest in technology companies, but are you afraid that the internet will hurt some of the companies that you do invest in, such as The Washington Post or Wells Fargo?”
-10yo Thomas Kamay
A:
7/🧵
Q:
“I was very careful, listening to you, the reasons how you pick good people, that it’s love for the business and not so much love for the money.
How you make sure that it’s true love and how you pick people?”
A:
Q:
“I was very careful, listening to you, the reasons how you pick good people, that it’s love for the business and not so much love for the money.
How you make sure that it’s true love and how you pick people?”
A:
8/🧵
Q:
“The major pharmaceutical companies have faced a myriad of fundamental and legal challenges in recent years.
How should investors be thinking about the long-term prospects for this very important industry?”
A:
Q:
“The major pharmaceutical companies have faced a myriad of fundamental and legal challenges in recent years.
How should investors be thinking about the long-term prospects for this very important industry?”
A:
9/🧵
Q:
“How do you design a compensation package to best reward management performance?”
A:
Q:
“How do you design a compensation package to best reward management performance?”
A:
10/🧵
Q:
“How do you train your successors? What do you tell them? How do you summarize to them what is important to you?
And how, if you are able to do so, how would you measure whether or not they have lived up to your expectations?”
A:
Q:
“How do you train your successors? What do you tell them? How do you summarize to them what is important to you?
And how, if you are able to do so, how would you measure whether or not they have lived up to your expectations?”
A:
11/🧵
Q:
“Warren, you just brought up the topic of inflation, and so I wanted to ask, do you believe — or do you believe that the Consumer Price Index is a good and true and accurate measure of inflation?”
A:
Q:
“Warren, you just brought up the topic of inflation, and so I wanted to ask, do you believe — or do you believe that the Consumer Price Index is a good and true and accurate measure of inflation?”
A:
12/🧵
Q:
"What would it take you to go totally global with Berkshire by investing internationally in a big way?"
A:
Q:
"What would it take you to go totally global with Berkshire by investing internationally in a big way?"
A:
13/🧵
Q:
"I’m writing a book to help people of a more introverted nature get the recognition they deserve.
What advice would you give to the quieter half of the population to help them raise their visibility in their careers?"
A:
Q:
"I’m writing a book to help people of a more introverted nature get the recognition they deserve.
What advice would you give to the quieter half of the population to help them raise their visibility in their careers?"
A:
14/🧵
Q:
"What I’d like to ask you is that looking at the future, have the business practices of the investment banks become so complex that it is not possible for the head of the investment bank to be aware of the exposures to financial risks day-to-day or week-to-week?"
A:
Q:
"What I’d like to ask you is that looking at the future, have the business practices of the investment banks become so complex that it is not possible for the head of the investment bank to be aware of the exposures to financial risks day-to-day or week-to-week?"
A:
15/🧵
Q:
"What do you recommend for an approach to getting better and better at valuing companies?"
A:
Q:
"What do you recommend for an approach to getting better and better at valuing companies?"
A:
16/🧵
If you've enjoyed these this far, please hit a follow for @hkeskiva - thank you!
To help others find this thread too, much appreciate like/RT on the first post, found below.
If you've enjoyed these this far, please hit a follow for @hkeskiva - thank you!
To help others find this thread too, much appreciate like/RT on the first post, found below.
17/🧵
And since you’re here to learn about Berkshire Hathaway, make sure to follow these great $BRK contributors:
@ChrisBloomstran
@rationalwalk
@BRK_Student
@GSpier
@Keubiko
@TSOH_Investing
@borrowed_ideas
Also - you may find this thread interesting.
And since you’re here to learn about Berkshire Hathaway, make sure to follow these great $BRK contributors:
@ChrisBloomstran
@rationalwalk
@BRK_Student
@GSpier
@Keubiko
@TSOH_Investing
@borrowed_ideas
Also - you may find this thread interesting.
18/🧵
I keep adding Q&A that was missed earlier...
Q:
"Mr. Buffett and Mr. Munger, if you were going to live another 50 years, and we sincerely hope you do, and could add one additional sector or asset class to your circle of competence, which sector would it be and why?"
A:
I keep adding Q&A that was missed earlier...
Q:
"Mr. Buffett and Mr. Munger, if you were going to live another 50 years, and we sincerely hope you do, and could add one additional sector or asset class to your circle of competence, which sector would it be and why?"
A:
19/🧵
Q:
"How do you make lots of friends and get people to like you and work with you?"
A:
Q:
"How do you make lots of friends and get people to like you and work with you?"
A:
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