2016 Berkshire Hathaway Meeting Highlights

2016 Berkshire Hathaway Meeting Highlights

Fast forward to 9:34 mins for AGM with Warren Buffett and Charlie Munger and the start of their Q&A.

For more, WSJ has put together a comprehensivc recap here.

Here are some of the best quotes and highlights from the day (CNBC):

Buffett on health effects of Coke:

I really wish I had a twin that had eaten broccoli his entire life. ... I know I would have been happier and I think the odds are I would have lived longer. ... I think Coca-Cola is a marvelous product."

Buffett on Amazon:

"We're not going to out-Bezos Bezos."

Buffett on Wall Street:

There is "far more money made by people in Wall Street through salesmanship abilities rather than investment talent."

Munger on Coca-Cola:

"We ought to have a law ... where these people shouldn't be allowed to cite the defects without citing the advantage. It's immature and stupid."

Buffett on Sequoia's investment in Valeant:

"[It's] a very unfortunate period where a manager got overly entranced with a business."

Munger on economics:

"Micro-economics is what we do and macro-economics is what we put up with."

Buffett on knowing one's limits:

It's important to know what you can't do. We try to take swings in our own strike zone. "It doesn't take a genius to do it, but we've generally managed to avoid self-destructive behavior."

Total
0
Shares
Previous Article

Tech Talk for Thursday May 5th 2016

Next Article

The Lost Decade for Value

Related Posts
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.