Berkshire Hathaway Inc.

Warren Buffett on Squawk Box with Becky Quick (Epstein / Gates Foundation)

“we've got about 200 businesses within Berkshire, you know, that came about, and I can't name the manager's names”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“Coming up, for the first time in some 60 years, Bergkshire Hathaway has a new leader. CEO Greg Ael joins us”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“coming from Berkshire Hathaway. The company has just filed a form for an 8K.”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“Berkshire Hathaway CEO Greg Ael. Greg, welcome. It is great to see you this morning.”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“you are buying 21 class A shares. This is the disclosure of that $15.3 million... reinvested it or purchased Berkshire shares with the after tax dollars.”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“There's nothing better than Bergkshire. And it's what I do every day. I wake up,”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“thing we we do not do at Bergkshire across any of our businesses or with our executives we don't have equity stock programs”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“Warren very much had your reaction that uh no one else in corporate America does this and said and the other thing is that this is so Bergkshire”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“our owners use their after tax dollars to by Berkshire, I'll do the same. So, so Warren acknowledged immediately the alignment with our values”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“I took a portion of those proceeds on an after tax dollar basis and purchased Berkshire stock.”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“Warren Buffett's never been a fan of. Would you potentially give a dividend back to shareholders if you don't see other opportunities”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“Warren's been riding that lever for 60 years, and it's something that had a huge following. was a tough letter to write.”

RWH057: Celebrating Warren Buffett w/ Joel Greenblatt, Nick Sleep, Tom Russo, Christopher Bloomstran, Chris Davis

“Warren Buffett made a massive announcement at the end of his annual shareholder meeting in Omaha after six decades as CEO of Berkshire Hathaway”

RWH057: Celebrating Warren Buffett w/ Joel Greenblatt, Nick Sleep, Tom Russo, Christopher Bloomstran, Chris Davis

“passing the torch to Greg Abel is really kind of epochal...Buffett's historic decision to retire after 60 years as Berkshire Hathaway's CEO”

RWH057: Celebrating Warren Buffett w/ Joel Greenblatt, Nick Sleep, Tom Russo, Christopher Bloomstran, Chris Davis

“Buffett's historic decision to retire after 60 years as Berkshire Hathaway's CEO”

TIP717: Berkshire Hathaway 2025 w/ Chris Bloomstran

“Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show.”

TIP721: Berkshire Hathaway Annual Shareholders Meeting 2025

“Clay and Kyle reflect on their weekend at the Berkshire Hathaway annual shareholders meeting in Omaha and play a few of their favorite clips from the Q&A session with Warren Buffett”

Market moves in first months of Trump's second term are 'really nothing'

“Has the recent market volatility presented Berkshire with opportunities? What has happened in the last 30, 45 days... There's been three times since we acquired Berkshire. The Berkshire has gone down ”

'The tapeworm won'

“J.P. Morgan and Amazon and Berkshire were not going to have any effect on changing that 20%”

'Tim Cook has made Berkshire a lot more money' than I have

“Tim Cook has made the Berkshire a lot more money than I've ever made Berkshire Hathaway”

U.S. needs to reduce its budget deficits

“Big corporations, you know, overwhelmingly, most of them look like they could be run better. I'm sure Berkshire does in many respects.”

Berkshire can't compete with private equity in life insurance

“how do you view their impact on Berkshire's insurance operations and underwriting discipline”

2025 Annual Meeting Highlight Reel

“Tomorrow we're having a board meeting of Berkshire, and we have 11 directors...Greg should become the chief executive officer of the company at year end.”

Abel will be more 'active' in managing subsidiaries, but in a 'positive' way

“Warren bought the businesses, had that general knowledge. I absolutely had to engage with each of them, and they've been great in sharing their business models”

Berkshire will be patient with its big cash pile

“Today, Berkshire holds over $300 billion in cash and short-term investments representing about 27% of total assets”

Berkshire's 'great culture' will be an asset in years ahead

“we start from a great place where we've got a great culture within the business. We have values that we, as a management team, and really, as defined by Warren, and Charlie and everybody associated wi”

Afternoon Session - 2025 Meeting

“opportunities in Berkshire or things that are going on globally or in the U.S.”

Morning Session - 2025 Meeting

“they finally got through an age director thing at Berkshire...Ron has been on the board for 28 years and been associated with Charlie Munger at Munger tolls”

'The tapeworm won'

“So Berkshire, in effect, got its money's worth, but we didn't kill the tapeworm.”

2025 Annual Meeting Highlight Reel

“Out of all the companies that Berkshire Hathaway owns, there was one that you acquired, the Chicago-based company Portillo's Hot Dogs.”

2025 Annual Meeting Highlight Reel

“the model that Berkshire pioneered decades ago. And has this competition made it more challenging for Berkshire to find and price insurance opportunities”

2025 Annual Meeting Highlight Reel

“since we acquired Berkshire, that Berkshire has gone down 50% in a fairly short period of the time, three different times.”

Afternoon Session - 2025 Meeting

“My dad owned BRKA shares, and he said, I need to work hard to earn my piece of BRKB.”

Afternoon Session - 2025 Meeting

“to become part of Berkshire, to own, to own some Berkshire, to own some Berkshire. your shares, you're going to have to work hard.”

Morning Session - 2025 Meeting

“Berkshire to effectively own nearly 5% of the entire U.S. Treasury market”

Morning Session - 2025 Meeting

“today Berkshire holds over $300 billion in cash and short-term investments representing about 27% of total assets”

Morning Session - 2025 Meeting

“This is my eighth Berkshire Houseway meetings at this point. I've probably spent more time with you than most people spend on Netflix.”

Morning Session - 2025 Meeting

“somebody needs to sell 20,000 shares of Berkshire or something and they call us, and the price is right, it's done in five seconds”

Morning Session - 2025 Meeting

“Out of all the companies that Berkshire Hathaway owns, there was one that you acquired, the Chicago-based company Portillo's Hot Dogs.”

Afternoon Session - 2025 Meeting

“the insurance float that was the rocket fuel behind Berkshire's success”

Afternoon Session - 2025 Meeting

“Berkshire Hathaway has got plenty of material out there for you to read. And when you get through reading it all, you'll know way more than most”

Morning Session - 2025 Meeting

“we own a lot of companies, but I do like to think I know most of them... Through Marman. And that's been a great opportunity where we've accumulated a variety of excellent companies”

Afternoon Session - 2025 Meeting

“Berkshire acquire 100% of BHE. It was done in two steps. One, in late 2022, 1% was purchased from Greg Abel”

Afternoon Session - 2025 Meeting

“we are responsible. responsibilities with the shareholders of Berkshire Hathaway”

Afternoon Session - 2025 Meeting

“as compared to reported net income measures for Berkshire... our underlying earning power was affected negatively here a while back by what happened in the utility field.”

Afternoon Session - 2025 Meeting

“Berkshire will increase its earning power over time as we retain money... We'll build the earning power, but it won't be coming in any even stream”

Afternoon Session - 2025 Meeting

“if Berkshire went down 50 percent next week, I would regard that as a fantastic opportunity, and it wouldn't bother me in the least.”

Afternoon Session - 2025 Meeting

“if all of you were paying 1% for investment management fees at Berkshire last year you had to pay $8 billion for managing”

Morning Session - 2025 Meeting

“nobody but you could have created Berkshire. And I presume you view Greg as an outlier among outliers.”

Afternoon Session - 2025 Meeting

“I'm sure Berkshire does in many respects. government is the ultimate.”

Morning Session - 2025 Meeting

“Berkshire currently borrows in Japanese yen to offset its currency risk and its Japanese stock investments”

Morning Session - 2025 Meeting

“is Berkshire Hathaway taking steps to minimize this currency risk and its impact on quarterly and annual earnings”

Afternoon Session - 2025 Meeting

“So Berkshire, in effect, got its money's worth, but we didn't kill the tapeworm.”

Morning Session - 2025 Meeting

“The first quarter ended March 31st, and it did show that Berkshire's cash pile expanded from the end of the last year.”

Morning Session - 2025 Meeting

“Martin Devine, a shareholder from Scotland, who was attending the meeting today, wants to know, has the recent market volatility presented Berkshire with opportunities?”

Morning Session - 2025 Meeting

“you mentioned Berkshire almost invested $10 billion recently and wanting to know if you could talk more about that”

Morning Session - 2025 Meeting

“There's been three times since we acquired Berkshire, that Berkshire has gone down 50% in a very short period of time”

Afternoon Session - 2025 Meeting

“Tomorrow we're having a board meeting of Berkshire. and we have 11 directors, two of the directors, who are my children.”

Afternoon Session - 2025 Meeting

“a material change in Perkshire and operation and with a Ouija board or”

Afternoon Session - 2025 Meeting

“I have no intention zero of selling one share of Berkshire...I think the prospects are sure will be better”

Morning Session - 2025 Meeting

“The railroad is earning a little more than last year...it's still an incredible asset for Berkshire.”

Morning Session - 2025 Meeting

“if sure buys Berkshire shares and repurchases, we've now pay more than you will pay if you buy Berkshire shares”

#380 Four Hundred Pages of Warren Buffett and Charlie Munger In Their Own Words

“For over 30 years the Berkshire Hathaway Annual meetings were recorded. Munger and Buffett answered over 1700 questions from shareholders”

#380 Four Hundred Pages of Warren Buffett and Charlie Munger In Their Own Words

“Since I think 1994, all of the Berkshire meetings or Berkshire meetings have been broadcast.”

#380 Four Hundred Pages of Warren Buffett and Charlie Munger In Their Own Words

“the book that I want to talk to you about today is "Buffett and Munger Unscripted: Three Decades of Investment in Business Insights from the Berkshire Hathaway Annual Shareholder Meetings."”

#380 Four Hundred Pages of Warren Buffett and Charlie Munger In Their Own Words

“Since I think 1994, all of the Berkshire meetings or Berkshire meetings have been broadcast. They've been recorded and broadcast”

#380 Four Hundred Pages of Warren Buffett and Charlie Munger In Their Own Words

“"Buffett and Munger Unscripted: Three Decades of Investment in Business Insights from the Berkshire Hathaway Annual Shareholder Meetings."”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“million letters from people who want to go to work with Berkshire or want to come work.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“Berkshire only has 460,000 employees. Why? It's a lot of employees.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“the size of a fund like Berkshire limits you to large companies. He just doesn't think that there's the same opportunities”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“Well, Berkshire has something like $8 billion worth of solar, almost all of it in California.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“Of course I like people who do that. And Berkscher's full of that stuff.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“Do you talk to Ted and Todd, the new investment guys at Berkshire, much? Not much, but I talk to them some. And they're different. It's like they're clones, but they're both good in their own way. And”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“invested in just three stocks. Wells Fargo, Berkshire, Hathaway, and Bydo. I just thought you'd be interested.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“They have to go to the Berkshire-Hathaway meetings and coach.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“if you pick people as late in the game as Berkshire Hathaway, buying our limitations caused by size.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“Berkshire has helped you. And Berkshire has helped by its past behavior to see things that other people don't see.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“what the Berkshire stock is worth... we're the main charity in Maine, if you call us. But at the time, it was 2% of one year's performance.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“I don't think that's true at Berkshire. I think that's true at Berkshire. at Berkshire, if you asked me and Warren for our best ideas, that would have worked.”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“What endures is how Berkshire treated its shareholders as true partners for 60 years. Warren has frequently expressed his respect and appreciation for Berkshire's long-term shareholders”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“Warren Buffett is arguably the greatest investor of all time, with generations benefiting from his investment acumen. He has also been a remarkable CEO, executing his vision of building a great insura”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“To invest in Berkshire has long been a vote of trust in our founder – a trust that now rests with Berkshire. Your capital is commingled with ours”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“We are fortunate to have Warren as Berkshire's Chairman, in the office five days a week, and available to us as we underwrite insurance, operate our non-insurance businesses”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“Berkshire is shareholder-oriented to an unusual degree.”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“We seek the best managers to run our operating businesses... We operate a decentralized model with autonomy grounded in deserved trust.”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“Our cash and U.S. Treasury holdings now exceed $370 billion...our dry powder.”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“We will always aim for ownership of productive businesses over U.S. Treasuries.”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“We deploy our shareholders' capital to opportunities that generate rewards commensurate with their risk.”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“We maintain a fortress-like balance sheet, ensuring Berkshire's foundation is never compromised.”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“insurance float – the capital we hold to pay future losses and, in the meantime, invest for Berkshire's benefit – stood at $176 billion”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“BHE is proud that it continues to offer meaningful value to customers in the markets it serves”

TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024

“During this episode, we'll cover what we did in Omaha, the tribute Berkshire did for Charlie Munger”

TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024

“the future of capital allocation at Berkshire, and how Buffett would invest if he were managing a smaller pool”

TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024

“Clay and Kyle give a recap of the 2024 Berkshire Hathaway shareholder meeting and share their favorite clips from the Q&A session”

TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024

“the 2024 Berkshire Hathaway shareholders meeting and share our favorite clips from the Q&A session with Warren Buffett, Greg Abel, and Ajit Jain”

TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024

“Clay and Kyle give a recap of the 2024 Berkshire Hathaway shareholder meeting and share their favorite clips from the Q&A session with Warren Buffett.”

Morning Session - 2024 Meeting

“we set a new record for Seas Candy. I think they brought along six tons, and they will sell out.”

Afternoon Session - 2024 Meeting

“the same day we bought a billion dollars or worth of of Berkshire Class A stock from Ruth, so that, and I guess we were actually buying it from the school”

Morning Session - 2024 Meeting

“operating earnings at Berkshire, we've explained that many times, this is why we think these figures that we give you are the most descriptive”

Afternoon Session - 2024 Meeting

“Berkshire has been, for sure, her husband, Sandy, contributed substantially to Berkshire's record.”

Morning Session - 2024 Meeting

“the goal of Berkshire, economic goal, is to increase the operating earnings and decrease the shares outstanding”

Afternoon Session - 2024 Meeting

“the capital allocation principles that Berkshire lives by today will continue to survive one. And I think that's what the thing I'd want to communicate that we have our operating businesses”

Morning Session - 2024 Meeting

“the people in this room really uh they don't think about selling they probably would hold many of you don't even check the price daily uh or weekly uh you know it uh the people who check the price dai”

Morning Session - 2024 Meeting

“I hope things develop well enough with Berkshire that we say we're in the 800's club and maybe even move up a few notches.”

Morning Session - 2024 Meeting

“Warren highlighted in the letter. But if you think of Pacific Corp and the litigation there”

Afternoon Session - 2024 Meeting

“we're very happy. We did. And we still don't know what the price of oil is going to be next year... it could be a worthwhile investment for for Berkshire.”

Morning Session - 2024 Meeting

“Berkshire's hands-off management approach is a source of vulnerability. Will you please review your thinking on changes made at GEICO”

Afternoon Session - 2024 Meeting

“by Berkshire Hathaway. And if they were around now, and they still had their 1% deal, they'd be collecting $8 billion a year”

Afternoon Session - 2024 Meeting

“you have a wonderful hand at Berkshire Hathaway but you have to you have to be able to think your way”

Morning Session - 2024 Meeting

“insurance is the most important business at Berkshire. Marketable securities are important, but they're not in the class exactly as our insurance business.”

Morning Session - 2024 Meeting

“The two problems we face in Florida and all the risk barriers face in Florida”

Morning Session - 2024 Meeting

“Since the Florida market seems to be so mismanaged, is this an opportunity for Berkshire?”

Afternoon Session - 2024 Meeting

“what business in Berkshire Hathaway may be most at risk with AI... in terms of our businesses, they'll figure things out. I mean, we've got smart people.”

Morning Session - 2024 Meeting

“What has changed for Berkshire's operating CEOs since Greg Abel and Ajit Jane became vice chairman?”

Morning Session - 2024 Meeting

“that's the way we do it at Berkshire. Could she raised his hand? Yeah. If I can add a comment, from my perspective, the transition has worked out very, very well.”

Morning Session - 2024 Meeting

“Act 2 of Berkshire Hathaway. Becky. This is a question from Raphael de Pino from Spain.”

Morning Session - 2024 Meeting

“to the extent it remains, the sort of entity that it is, will not need to attract people very often. It would be absolutely crazy”

Morning Session - 2024 Meeting

“how the next management plays the game out at Berkshire. And fortunately, you don't have too long to wait”

Morning Session - 2024 Meeting

“Berkshire has grown tremendously thanks to, and among other things, it's architect Mr. Munger and you, its general contractor.”

Morning Session - 2024 Meeting

“ensure Berkshire's culture provides a solid footing on which to grow the building. You also currently have a very talented bench”

Morning Session - 2024 Meeting

“How do you envision Berkshire will overcome the loss of said advantage when the contractor bench needs to be renewed again”

Morning Session - 2024 Meeting

“we've got something to offer...in terms of Berkshire. And if we get the wrong person, then the directors have to do something about it.”

Morning Session - 2024 Meeting

“we have a very special company in Berkshire, but it's that culture that makes it special, and that's not going to change.”

Morning Session - 2024 Meeting

“The culture we have at Berkshire and that being our shareholders, being our partners...that's never going to change.”

Morning Session - 2024 Meeting

“anybody that wants to retire at 65 would be disqualified from being CEO of Berkshire that they might get, they might get retired”

Morning Session - 2024 Meeting

“I don't think anybody's got a better position to do it than Berkshire.”

Morning Session - 2024 Meeting

“they were also pursuing Berkshire and Berkshire Hathaway Energy and we said you can pursue us separately but that settlement will reside with home services”

Morning Session - 2024 Meeting

“the prototype of a good many Berkshire-Hathaway shareholders... Charlie and I have had such fun running Berkshire”

Warren Buffett's Tribute to Charlie Munger (2024)

“Charlie, in 1965, promptly advised me: "Warren, forget about ever buying another company like Berkshire. But now that you control Berkshire, add to it wonderful businesses"”

2024 Berkshire Hathaway Shareholder Letter

“To the Shareholders of Berkshire Hathaway Inc.: This letter comes to you as part of Berkshire's annual report.”

Warren Buffett's Tribute to Charlie Munger (2024)

“he told me – correctly! – that I had made a dumb decision in buying control of Berkshire. But, he assured me, since I had already made the move, he would tell me how to correct my mistake.”

Warren Buffett's Tribute to Charlie Munger (2024)

“Many years later, Charlie became my partner in running Berkshire and, repeatedly, jerked me back to sanity when my old habits surfaced.”

Warren Buffett's Tribute to Charlie Munger (2024)

“In reality, Charlie was the "architect" of the present Berkshire, and I acted as the "general contractor" to carry out the day-by-day construction of his vision.”

Warren Buffett's Tribute to Charlie Munger (2024)

“Berkshire has become a great company. Though I have long been in charge of the construction crew; Charlie should forever be credited with being the architect.”

2024 Berkshire Hathaway Shareholder Letter

“Greg shares the Berkshire creed that a "report" is what a Berkshire CEO annually owes to owners.”

2024 Berkshire Hathaway Shareholder Letter

“Every company doesn't have an easy-to-understand business and there are very few owners or managers like Pete. And, of course, I expect to make my share of mistakes about the businesses Berkshire buys”

2024 Berkshire Hathaway Shareholder Letter

“Berkshire last year made four payments to the IRS that totaled $26.8 billion. That's about 5% of what all of corporate America paid.”

2024 Berkshire Hathaway Shareholder Letter

“Berkshire shareholders during the same 1965-2024 period received only one cash dividend.”

2024 Berkshire Hathaway Shareholder Letter

“In a very minor way, Berkshire shareholders have participated in the American miracle by foregoing dividends, thereby electing to reinvest rather than consume.”

2024 Berkshire Hathaway Shareholder Letter

“Berkshire's activities now impact all corners of our country. And we are not finished. Companies die for many reasons but, unlike the fate of humans, old age itself is not lethal. Berkshire today is f”

2024 Berkshire Hathaway Shareholder Letter

“Berkshire would not have achieved its results in any locale except America whereas America would have been every bit the success it has been if Berkshire had never existed.”

2024 Berkshire Hathaway Shareholder Letter

“P/C insurance continues to be Berkshire's core business.”

2024 Berkshire Hathaway Shareholder Letter

“In recent decades, this "money-up-front, loss-payments-later" model has allowed Berkshire to invest large sums ("float") while generally delivering what we believe to be a small underwriting profit.”

2024 Berkshire Hathaway Shareholder Letter

“Under Ajit, our insurance operation has blossomed from an obscure Omaha-based company into a world leader, renowned for both its taste for risk and its Gibraltar-like financial strength.”

2024 Berkshire Hathaway Shareholder Letter

“No private insurer has the willingness to take on the amount of risk that Berkshire can provide. At times, this advantage can be important.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Charlie was one half of the greatest investment partnership in history. He and Warren Buffett built Berkshire Hathaway into an iconic company with a market value of almost 800 billion dollars”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“to the Daily Journal meeting and the Berkshire Hathaway meeting in Omaha and he ran into Charlie”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Warren Buffett said that he had the greatest 32nd mind in the world, that before you even finished a sentence, he saw the essence of everything”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Sees obviously was a really important investment for Berkshire.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Lou Simpson, who was an absolutely legendary investor who ran GEICO, the Berkshire unit.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“living in the time of Warren and Charlie. I mean it'd be kind of like living in the time of Newton, Einstein”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“at the Berkshire Meeting or the Daily Journal Meeting, there's no F word because it's so natural the way he speaks”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Charlie brought to Berkshire Hathaway, Warren famously would refer to him as the abominable no man because he could get excited about an investment”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“on the board of Berkshire and knows them both very well”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Eventually a lot of those positions got converted into Berkshire stock, and they were big home runs”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“We see that in spades in Berkshire Hathaway. You know, Berkshire Hathaway does all kinds of things where they just say something to someone and people will accept that.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Warren and Charlie have operated for all these decades at Berkshire Hathaway”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Berkshire was the first stock that Tom bought at Markel back in 1990, and he's owned it ever since”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“how do you do it? How do you do it? How do you do it? I mean, there's endless questions. of young, adult types trying to figure out Berkshire. He said, look, we were two guys talking on the phone, and”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Part of the success, actually, of Berkshire Hathaway is really that Warren kept Charlie around for all those decades to challenge him”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Buffett has Munger and I'm sure he, even though he's one of the world's great investors, he's thrilled to have a partner of that caliber.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Berkshire Hathaway's success over all these decades”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Not like Berkshire, where Warren sat at a table and knew his original investors.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“the Berkshire Hathaway Annual Meeting in Omaha”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“the Berkshire Hathaway meeting in Omaha and he ran into Charlie I think in an elevator”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Sees obviously was a really important investment for Berkshire.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“it's a small fraction of the stake that I've had for a while in in Berkshire Hathaway”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“living in the time of Warren and Charlie. I mean it'd be kind of like living in the time of Newton, Einstein”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“at the Berkshire Meeting or the Daily Journal Meeting, there's no F word because it's so natural the way he speaks”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“this ability to see weaknesses in companies Was really a critical part of what Charlie brought to Berkshire Hathaway”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Eventually a lot of those positions got converted into Berkshire stock, and they were big home runs”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“the way that Warren and Charlie have operated for all these decades at Berkshire Hathaway”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Berkshire was the first stock that Tom bought at Markel back in 1990, and he's owned it ever since. If I remember rightly, over 34 years, his stake in Berkshire has ballooned”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Charlie Munger...He said, look, we were two guys talking on the phone, and now we are bigger than General Electric.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“if Berkshire has made modest progress, a good deal of it is because Warren and I are very good at destroying our own best loved ideas”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Buffett has Munger and I'm sure he, even though he's one of the world's great investors, he's thrilled to have a partner of that caliber.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“the success, actually, of Berkshire Hathaway is really that Warren kept Charlie around for all those decades to challenge him”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“to Berkshire Hathaway's success over all these decades.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“One thing that's very distinctive, obviously, about the culture of Berkshire that I guess comes a lot from Charlie is this habit of rubbing their nose in their mistakes”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Not like Berkshire, where Warren sat at a table and knew his original investors.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“I remember once going to the Berkshire Hathaway Annual Meeting in Omaha, I think this is back in 2017”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“I went to the Daily Journal annual meeting in Los Angeles years ago, someone asked Charlie for career advice”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“he said Charlie, who had one glass eye and terrible vision, had gone to the DMV...where he said that Charlie...had gone to the DMV, the Department of Motor Vehicles...Charlie looks at him and says, no”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Sees obviously was a really important investment for Berkshire.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Lou Simpson, who was an absolutely legendary investor who ran GEICO, the Berkshire unit”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“It's a small fraction of the stake that I've had for a while in in Berkshire Hathaway, so, It didn't kill me.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“at the Berkshire Meeting or the Daily Journal Meeting, there's no F word because it's so natural the way he speaks”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“this ability to see weakness in companies Was really a critical part of what Charlie brought to Berkshire Hathaway, Warren famously would refer to him”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Eventually a lot of those positions got converted into Berkshire stock, and they were big home runs”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“at the Berkshire meeting, for example, on stage and so on. They're two very different people.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“when I went to the Daily Journal meeting, and I saw his kindness in the way that he treated people around him”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“We see that in spades in Berkshire Hathaway. You know, Berkshire Hathaway does all kinds of things where they just say something to someone and people will accept that.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“the way that Warren and Charlie have operated for all these decades at Berkshire Hathaway”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Berkshire was the first stock that Tom bought at Markel back in 1990, and he's owned it ever since...his stake in Berkshire has ballooned into an enormous position”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“we were two guys talking on the phone, and now we are bigger than General Electric. That should not have happened.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Buffett has Munger and I'm sure he, even though he's one of the world's great investors, he's thrilled to have a partner of that caliber.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“the success, actually, of Berkshire Hathaway is really that Warren kept Charlie around for all those decades to challenge him”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“if Berkshire has made modest progress, a good deal of it is because Warren and I are very good at destroying our own best loved ideas”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“the whole of Bookstore is based on this idea of destroying your best loved ideas and upgrading them”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“critical, really, to Berkshire Hathaway's success over all these decades.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“the culture of Berkshire that I guess comes a lot from Charlie is this habit of rubbing their nose in their mistakes, of admitting when they've gone wrong”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Not like Berkshire, where Warren sat at a table and knew his original investors.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“when I went to the Daily Journal annual meeting in Los Angeles years ago, someone asked Charlie for career advice”

Charlie Munger's final CNBC interview | November 14, 2023

“Charlie Munger may be best known as Berkshire Hathaway's vice chairman. Warren Buffett's best friend, confidant, and business partner for six and a half decades.”

Charlie Munger's final CNBC interview | November 14, 2023

“Berkshire's history, is what turned the first $300 million of Berkshire net worth into the first $3 billion”

Charlie Munger's final CNBC interview | November 14, 2023

“Berkshire could easily view twice what it is now. And the extra risk you would have handled were practically nothing.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway's board of directors.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Chris received the ultimate seal of approval when he was appointed to Berkshire Hathaway's board of directors”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“member of the board of directors of a small obscure company that some of you may have heard of, namely Berkshire Hathaway”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“the Berkshire annual general meeting, which I guess that's where you and I last chatted.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“I mean, I remember asking Charlie, what can we learn from you and Warren about how to have a happy life”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“I have a picture in our conference room from the depths of the financial crisis and it was with Warren.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“watching the way that operates and watching it as scale at a company like Berkshire. It's staggering the efficiency”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“I think Berkshire is an example that all of the foregone due diligence trips and investment banking and auditors”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Imagine the record that he's achieved with almost no enemies...Warren to have built this fortune and still have so much of the world viewing him”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire is a kind of iconic, emblematic teaching institution, right? It's there to show us capitalism done right in many ways.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire is incredibly important as, well, as an exemplar, but as an icon of how capitalism should work. Right? In other words, a company that hasn't taken shortcuts”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire is serving Berkshire right now is the opposite. You get your dessert first...absolutely secure in the conviction that anything that is being done...is being done in an absolutely the highest”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“there is no CEO in America that thinks about risk in a more profoundly broad way than Warren and Charlie...He is really building something that he wants to last through almost any conceivable scenario”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“they run it assuming that Berkshire is the only asset of the shareholders because in many ways it really was”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“And I think that is how I think of Berkshire, and how I think of the board's job and the management's job.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Not like Berkshire, where Warren sat at a table and knew his original investors.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire makes us go strong is it embodies not just being fair to shareholders and the like and being transparent about mistakes, but trying to be honorable and decent”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire as an example is just to think of a phrase of Charlie's that I've always liked is that investing is a subset of worldly wisdom.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“as a longtime shareholder in Berkshire, I'm happy that you'll be helping to safeguard the culture down the road”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway's board of directors”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“appointed to Berkshire Hathaway's board of directors, where he gets to hear Buffett and Munger opine”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“member of the board of directors of a small obscure company that some of you may have heard of, namely Berkshire Hathaway”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“the Berkshire annual general meeting, which I guess that's where you and I last chatted... Buffett said a couple of times”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“the influence of Warren and Charlie is so dramatic. It's not a coincidence that we have shaped decisions that we've made in our own lives”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“I think Berkshire is an example that all of the foregone due diligence trips and investment banking and auditors”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“watching the way that operates and watching it as scale at a company like Berkshire. It's staggering the efficiency”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire is a kind of iconic, emblematic teaching institution, right? It's there to show us capitalism done right in many ways.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire is incredibly important as, well, as an exemplar, but as an icon of how capitalism should work. Right? In other words, a company that hasn't taken shortcuts”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire is serving Berkshire right now is the opposite. You get your dessert first... anything that is being done that they know about is being done in an absolutely the highest ethical standards”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“We feel no pressure from Wall Street. We don't do investor calls. We're working for the people in this room, not people who care about quarterly estimates.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Everything is the same. It's just more of it. And as I say, the risk part in particular is something that I've been, was just, I've been incredibly struck by that sense of profound stewardship for thi”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“You would know from the outside that there is no CEO in America that thinks about risk in a more profoundly broad way than Warren and Charlie.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“we'll never make a decision that kills us, and he said we'll, we keep ourselves in better shape than anybody else, so I think that sense of the obsession with resilience is hugely valuable”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“they run it assuming that Berkshire is the only asset of the shareholders because in many ways it really was”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“And I think that is how I think of Berkshire, and how I think of the board's job and the management's job.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Not like Berkshire, where Warren sat at a table and knew his original investors.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“thinking about Berkshire as an example is just to think of a phrase of Charlie's that I've always liked is that investing is a subset of worldly wisdom”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway's board of directors”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“he was appointed to Berkshire Hathaway's board of directors, where he gets to hear Buffett and Munger opine”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“member of the board of directors of a small obscure company that some of you may have heard of, namely Berkshire Hathaway”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“the Berkshire annual general meeting, which I guess that's where you and I last chatted... Buffett said a couple of times”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“the influence of Warren and Charlie is so dramatic. It's not a coincidence that we have shaped decisions that we've made in our own lives”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“I think Berkshire is an example that all of the foregone due diligence trips and investment banking and auditors”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“watching the way that operates and watching it as scale at a company like Berkshire. It's staggering the efficiency”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Imagine the record that he's achieved with almost no enemies... So it's an amazing thing for Warren to have built this fortune”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire is a kind of iconic, emblematic teaching institution, right? It's there to show us capitalism done right in many ways.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire is incredibly important as, well, as an exemplar, but as an icon of how capitalism should work. Right? In other words, a company that hasn't taken shortcuts”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“we'll never make a decision that kills us, and he said we'll, we keep ourselves in better shape than anybody else”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“We feel no pressure from Wall Street. We don't do investor calls. We're working for the people in this room”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Warren thinks about the capital markets shutting down, he thinks about nuclear weapons and bioterrorism and in annual meetings, there are glimpses of that.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“He is really building something that he wants to last through almost any conceivable scenario.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“they run it assuming that Berkshire is the only asset of the shareholders because in many ways it really was”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Not like Berkshire, where Warren sat at a table and knew his original investors.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“you mentioned Munger Tolls and Ron Olson, how does Munger Tolls rank literally as, I believe in one ranking I just read recently, the best law firm in the country?”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“David Hawkins kind of terminology Berkshire makes us go strong is it embodies not just being fair to shareholders and the like and being transparent about mistakes, but trying to be honorable”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“Berkshire as an example is just to think of a phrase of Charlie's that I've always liked is that investing is a subset of worldly wisdom.”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“as a longtime shareholder in Berkshire, I'm happy that you'll be helping to safeguard the culture down the road”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“Berkshire, that's very rational about cost of capital, return on capital, how it embodies this kind of just much more logical and intelligent way”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“which looked at the last five years of capital allocation at Berkshire and it started with cash flow from operations”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“Berkshire has a lot of money being spent in the energy world where they're growing the footprint Of their energy assets”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“I own Berkshire, right. And I and I love Berkshire, I'm totally biased, but literally part of what I do. Each year I'm embarrassed to say this, but I read your report”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“I trust the values of Berkshire and Buffett and Munger. And I trust that they're not out to screw me”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“his returns were better than Warren's, your takedown that actually kind of analyzed the distortion of the returns and the, you know, it was very powerful”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“in the latest chairman's letter outta Berkshire, and even the last several, I mean, Warren has said”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“They're also invaluable if you want to understand Berkshaw Hathaway as he analyzes the company in exhaustive detail and offers an array of different ways of valuing it.”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“Warren Buffett ran Berkshire to grow its book value per share and to not Put the business in harm's way”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“how a company Berkshire, that's very rational about cost of capital, return on capital, how it embodies this kind of just much more logical and intelligent way”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“that old guy in Omaha, who's really aligned himself with the shareholders. And I think he thinks deeply about treating all constituents”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“I trust the values of Berkshire and Buffett and Munger. And I trust that they're not out to screw me”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“I mean, look, I own Berkshire, right. And I and I love Berkshire, I'm totally biased”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“you know, the light went on when I was looking at like this footnote about the tax treatment of the Burlington Northern Railroad that Berkshire owns”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“your takedown that actually kind of analyzed the distortion of the returns and the, you know, it was very powerful... not that the Berkshire record needed defending”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“There are prices at which I would sell down my Berkshire position, especially from an opportunity cost standpoint”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“Should I, over the next 10 years, still feel happy to own Berkshire? Oh, in Berkshire's stock portfolio is up 20 percent this year.”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“one of the world's leading experts on Berkshire Hathaway... Chris has an excellent long-term record... devoted 59 pages to analyzing Berkshire”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“Berkshire obviously has been an enormous part of your portfolio going back to 2000...it's run by the world's most skilled and shareholder friendly management team”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“Warren Buffett ran Berkshire to grow its book value per share and to not Put the business in harm's way”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“I had a chart in this year's letter. which looked at the last five years of capital allocation at Berkshire”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“how a company Berkshire, that's very rational about cost of capital, return on capital, how it embodies this kind of just much more logical and intelligent way”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“I own Berkshire, right. And I and I love Berkshire, I'm totally biased, but literally part of what I do. Each year I'm embarrassed to say this, but I read your report”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“I trust the values of Berkshire and Buffett and Munger. And I trust that they're not out to screw me”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“his returns were better than Warren's, your takedown that actually kind of analyzed the distortion of the returns...it was very powerful”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“in the latest chairman's letter outta Berkshire, and even the last several, I mean, Warren has said”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“your view then was that over the next 10 years, it would outperform the S& P 500”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“There are prices at which I would sell down my Berkshire position, especially from an opportunity cost standpoint”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“Should I, over the next 10 years, still feel happy to own Berkshire?”

RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

“invaluable if you want to understand Berkshaw Hathaway as he analyzes the company in exhaustive detail”

Warren Buffett I HBO Documentary

“Well, Berkshire is a holding company of sorts. It owns a large number of separate businesses that operate independent of each other and to a great extent from the parent company, Berkshire Hathaway. I”

Warren Buffett I HBO Documentary

“that was enormously important because it enabled Berkshire to scale up in a way that would have been impossible to do otherwise”

Warren Buffett I HBO Documentary

“We have 25 people in the office, and if you go back, it's the exact same 25, the exact same ones. We don't have any committees at Berkshire.”

Warren Buffett I HBO Documentary

“I took on the title of Chairman for Berkshire Hathaway. Well, I think the modern Berkshire is pretty much all a reflection over on. I have constructed a business that fits me.”

Warren Buffett I HBO Documentary

“Berkshire shares have increased more than 2,000% in value. One of the largest market capitalizations in the world”

Warren Buffett I HBO Documentary

“The purpose of Wednesday's meeting was to discuss Buffett's company. Berkshire Hathaway's plan to purchase railroad giant Burlington Northern.”

Warren Buffett I HBO Documentary

“It's been 50 years since I formally took control of Berkshire Hathaway, and step by step, we've created something that is kind of what I dreamt we might create”

Warren Buffett I HBO Documentary

“In terms of our feeling toward the people who are shareholders, we regard them as our partners. They're not some faceless group of people.”

Warren Buffett I HBO Documentary

“At Berkshire, everybody gets the same information from the comprehensive annual report. We don't meet with the analysts.”

Warren Buffett I HBO Documentary

“investors who own Berkshire Hathaway they see as a part of a community. There are more long-term holders of Berkshire than any company. People consider it a religion.”

TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023

“2023 Berkshire Hathaway annual shareholder meeting...favorite clips from the 2023 Berkshire Hathaway shareholders meeting”

TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023

“Warren and Charlie hosted the Woodstock of capitalism, attracting roughly 40,000 attendees in doing the marathon Q&A session”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“we bought the stock for the first time in February 2000 after it had been cut in half”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show.”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“only Chris Bloomstran understands Berkshire Hathaway better.”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“The company has the largest equity position for both Chris and me”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“today's episode will be all about Berkshire.”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“we buy the stock you know, I've followed the company since they issued the eShares in '96 and it finally got cheap enough to buy”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“we buy the stock you know, I've followed the company since they issued the eShares in '96 and it finally got cheap enough to buy”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“we bought the stock for the first time in February 2000 after it had been cut in half...Berkshire was out of fashion”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“The company has the largest equity position for both Chris and me and I hope you'll enjoy this masterclass in valuing Berkshire Hathaway”

TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran

“we bought the stock for the first time in February 2000 after it had been cut in half...when nobody wanted to own a real business, they were infatuated with the internet and all things tech and Berksh”

'I do not sign a will until my children have read it'

“At Berkshire, we have a simple problem of estate planning. Just hold the goddamn stock.”

2023 Annual Meeting Highlight Reel

“I can't recall any time in the history of Berkshire, we made an emotional decision.”

2023 Annual Meeting Highlight Reel

“the 58 years we've been running Berkshire, I would say there's been a great increase in the number of people doing dumb things”

Buffett: We don't own too many Apple shares

“Berkshire's portfolio includes the railroad, the energy business... They're all businesses... We can't own more than 100% of the BNSF.”

Raiders won't have enough money to target Berkshire after Buffett

“Warren stated in the 2022 annual report, Berkshire will always hold a boltlet of cash in U.S. Treasury bills...regarded as a national asset”

Never make an emotional investing decision

“in the history of Berkshire that we made an understanding that we made an emotional decision have we ever made an emotional decision”

Afternoon Session - 2023 Meeting

“Charlie and I, was me originally in 1969, we bought a bank at Berkshire, and we had $19 million invested in that bank”

Morning Session - 2023 Meeting

“produced the 500 billion plus of shareholders' equity and the 30 billion plus of operating earnings. And, and we'll continue to follow that policy because it makes a great deal of sense. And with that”

Morning Session - 2023 Meeting

“We made an emotional decision. I know the movie had Jamie Lee in there, but that was for laughs... have we ever made an emotional decision? No.”

Afternoon Session - 2023 Meeting

“this is Mr. my six annual Berkshire halfway Schian children's meeting. And I've had the privilege to ask you both questions”

Afternoon Session - 2023 Meeting

“Berkshire is better prepared than most investments for that kind of a period. I said this in the annual report”

Morning Session - 2023 Meeting

“berkshire hathaway especially and uh it's just remarkable so anyway with that let's go on give him a hand”

Afternoon Session - 2023 Meeting

“This question comes from Gary Gambino in Parma, Ohio who says he's been a Berkshire shareholder since 2004.”

Morning Session - 2023 Meeting

“i don't anticipate huge effects on berkshire but i do think that the hollowing out of the downtowns in the united states and elsewhere”

Afternoon Session - 2023 Meeting

“come to Berkshire Hathaway, so it, it's, it's, it's, I hate to say this when Charlie's around me, but it's straight out of Ben Franklin”

Afternoon Session - 2023 Meeting

“Walmart and Berkshire Rathway has very great relationship with BNSF, McLean, and consumer goods”

Morning Session - 2023 Meeting

“nobody else that was able to to write that just like when when we took on the lloyds i mean lloyds said there was no choice other than berkshire hathaway”

Morning Session - 2023 Meeting

“there's just isn't another Berkshire and and the jeet recognizes that when he's negotiating so does the other party”

Morning Session - 2023 Meeting

“has Berkshire stock. Yeah. Oh, you're solving the investment problem for them”

Morning Session - 2023 Meeting

“we bought a company called Min American, but now called Berkshire Hathaway Energy... we probably spent more money than any utility I would guess in the United States.”

Afternoon Session - 2023 Meeting

“At the 2010 Berkshire annual meeting, you said the one question that you would ask of the Berkshire CEO”

Afternoon Session - 2023 Meeting

“we're running Berkshire so that we'll do okay, and maybe we'll do do a little bit better than okay”

Afternoon Session - 2023 Meeting

“Versailles Hathaway company's lawyer, what key principles or lessons would you suggest”

Morning Session - 2023 Meeting

“Berkshire will always hold a boltload of cash in U.S. Treasury bills...Berkshire's position as a rock-solid financial fortress”

Morning Session - 2023 Meeting

“we just aren't going to have big maturities of debt that come along. We aren't going to have insurance policies that can be cashed in en masse”

Morning Session - 2023 Meeting

“I've got a model in my mind of what Berkshire has been. That model's been modified plenty of times over 58 years.”

Morning Session - 2023 Meeting

“I think we're handing it something very secure over to the future. And I think we've got the shareholder base like nobody has.”

Afternoon Session - 2023 Meeting

“working at Berkshire Hathaway, or running a company, is the closest thing you will get. You don't have to spend time courting analysts”

Morning Session - 2023 Meeting

“we don't have some formula at Berkshire people. We just, but we can also tell in 10 seconds whether it's something of interest”

Afternoon Session - 2023 Meeting

“it's a marvelous company and and adam johnson has performed uh it you just can't believe what he's done with the business”

Morning Session - 2023 Meeting

“we hope there's long-term opportunities but fundamentally as you highlighted uh they're an incredible uh they've been a very good investment”

Afternoon Session - 2023 Meeting

“originally Berkshire Hathaway's the textile manufacturing. It lost because the... South became feasible versus the North”

Morning Session - 2023 Meeting

“our vision for Berkshire is exactly what we said today. We want it to be a company that is owned by its shareholders and behaves in a way that society is happy that it exists”

Afternoon Session - 2023 Meeting

“Since the accounting rules changed requiring Berkshire to report the change in fair value of its equity investments through the income statement”

Afternoon Session - 2023 Meeting

“Mr. Buffett has repeatedly told shareholders to ignore those changes as they're not reflective of the long-term returns that those investments will produce”

Afternoon Session - 2023 Meeting

“Can Mr. Buffett elaborate on why he views mark-to-market accounting differently for banks in comparison to Berkshire?”

Morning Session - 2023 Meeting

“undervalued great company is a very good thing, as Berkshire has found out again and again and again”

Morning Session - 2023 Meeting

“probably double, leaving Berkshire out of the picture. It's probably double the next guy”

Morning Session - 2023 Meeting

“State Farm, and still has it next to Berkshire. It's the leader in having net worth.”

Morning Session - 2023 Meeting

“Half our family's wealth is in Berkshire Hathaway. Well, it doesn't make Charlie nervous.”

Morning Session - 2023 Meeting

“Since 2019, Berkshire repurchase huge amounts of stock about approximately reducing 10% of the share”

Morning Session - 2023 Meeting

“count and increasing the intrinsic value per share for the continuing shareholders. Greg is expected to be the successor of Warren as CEO...Berkshire-Hathaway Energy”

Morning Session - 2023 Meeting

“We think it's a great outcome for Berkshire shareholders to own a larger piece of each of our operating businesses and the portfolio”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“Warren Buffett and Greg Abel, both of Berkshire Hathaway, and they're in Japan. Maybe the last place you would have expected to find Warren Buffett.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“there's a lot of similarities to Berkshire. They're very much thinking long-term, and they've got their portfolios, but they're thinking about how they manage their risks”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“Berkshire will be proud of it 20, 50, 100 years from now...they've been amazing in establishing a base and then continuing to grow it.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“the beauty of it and it's being part of Berkshire allows me to just continue to do what I really enjoy. So I get the opportunity to work with Warren and Charlie”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“when Warren is no longer running things, what would that mean? Would all of this collection of managers, who you have some great managers, a lot of different companies, how do you keep them all intere”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“I think both for Berkshire, but for them, they like that type of input. Our managers like autonomy, but they also get lonesome.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“recently, you increased your stake to even above $100 million of stock that you have purchased with your own money in Berkshire”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“And yes, I always will continue to invest in Berkshire.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“Greg just, you know, says if, if there's no need for them any of our subsidiaries to keep any cash around with the best bank of the world. We got a hundred billion dollars plus and Greg's better enfor”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“our culture is one that's very aligned with our shareholders...they're going to take care of forever.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“I strongly believe in Berkshire. I believe in what's been created. And I strongly believe equally that we have a great path forward.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“that's just the way we play it at Berkshire. You don't find it any place else.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“when we bought allegheny alagany was an insurance company but had eight eight other subsidiary operations...Greg gets him uh Joe continues to run the uh insurance uh operation and the CEO of alvaney”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“They work through Berkshire with Berkshire's resources with our support”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“I feel good about berkshire when i when i when i look at the guy like adam and went to north high”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“that prevention and detection becomes so important. And I think we have a very strong culture around that in BNSF. The quarterly report I get every, ever since we bought it”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“Again, Greg Abel, who is vice chairman of Berkshire Hathaway. But Warren, in the meantime, this is the first time”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“Well, let me ask. You, again, have sold a lot of your bank shares that Berkshire has. Hathaway holds.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“Berkser cannot make the deal with our credit than you can make if you qualify for making a Freddie or Fannie Mae.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“I don't worry about them because I can't do anything about them but I actually that's what I originally thought my money could be best used for but I don't know any answers now after 40 or 50 years of”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“You have so many businesses that Berkshire owns outright. You have so many big companies that you own a major stake in.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“I said in the annual report that Berkshire can offer some protection against inflation”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“58 years I've been running Berkshire. I mean, we've run into all kinds of problems, but that's what business is about.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“berkshire had a hundred and twenty eight billion almost in cash at the end of the year equation and treasury and and and and a bit in money market”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“all the bonds and stock trades for the whole, for all of Berkshire, was there, and I knew I was leaving town on Sunday night”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“when I was buying Berkshire between 1962 and 1965 of control, didn't really have anything to do with”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“we were buying Berkshire day by day or week by week or month by month or year by year, we were buying Berkshire.”

2023 Berkshire Hathaway Shareholder Letter

“In reality, Charlie was the "architect" of the present Berkshire, and I acted as the "general contractor"”

2023 Berkshire Hathaway Shareholder Letter

“Nevertheless, Charlie, in 1965, promptly advised me: "Warren, forget about ever buying another company like Berkshire."”

2023 Berkshire Hathaway Shareholder Letter

“Three years later he told me – correctly! – that I had made a dumb decision in buying control of Berkshire.”

Why America Should Ban Crypto (2023)

“Mr. Munger is vice chairman of Berkshire Hathaway.”

2023 Berkshire Hathaway Shareholder Letter

“Berkshire has become a great company. Though I have long been in charge of the construction crew; Charlie should forever be credited”

2023 Berkshire Hathaway Shareholder Letter

“Many years later, Charlie became my partner in running Berkshire and, repeatedly, jerked me back to sanity”

2023 Berkshire Hathaway Shareholder Letter

“Over the years, Berkshire has attracted an unusual number of such "lifetime" shareholders and their heirs.”

2023 Berkshire Hathaway Shareholder Letter

“At Berkshire, we have a more limited target: investors who trust Berkshire with their savings”

2023 Berkshire Hathaway Shareholder Letter

“Charlie Munger, for decades my partner in managing Berkshire, viewed this obligation identically”

2023 Berkshire Hathaway Shareholder Letter

“To the Shareholders of Berkshire Hathaway Inc.: Berkshire has more than three million shareholder accounts.”

2023 Berkshire Hathaway Shareholder Letter

“At Berkshire, our view is that "earnings" should be a sensible concept that Bertie will find somewhat useful”

2023 Berkshire Hathaway Shareholder Letter

“Bertie, and her three daughters as well, have a large portion of their savings in Berkshire shares.”

2023 Berkshire Hathaway Shareholder Letter

“I believe Berkshire can handle financial disasters of a magnitude beyond any heretofore experienced. This ability is one we will not relinquish.”

2023 Berkshire Hathaway Shareholder Letter

“With that focus, and with our present mix of businesses, Berkshire should do a bit better than the average American corporation”

2023 Berkshire Hathaway Shareholder Letter

“Berkshire's ability to immediately respond to market seizures with both huge sums and certainty of performance may offer us an occasional large-scale opportunity.”

2023 Berkshire Hathaway Shareholder Letter

“One investment rule at Berkshire has not and will not change: Never risk permanent loss of capital.”

2023 Berkshire Hathaway Shareholder Letter

“This modest aspiration wasn't the case when Bertie went all-in on Berkshire – but it is now.”

Daily Journal Annual Meeting 2023 — Munger Q&A

“It's not a crazy evaluation considering what everything else is selling for these days. So I have no feeling that it's -- almost foolishly I have some crazy mystique, somebody, well, it's a small Berk”

Daily Journal Annual Meeting 2023 — Munger Q&A

“Berkshire has unloaded the bank stocks. If it's not good enough for Berkshire shareholders, why is it good for us?”

Daily Journal Annual Meeting 2023 — Munger Q&A

“we've been partners for years and years. And we took no fees, no directors fees, no expenses, no nothing. And so it was a very user-friendly Berkshire-type place.”

2023 Berkshire Hathaway Shareholder Letter

“huge U.S. Treasury bill position held by Berkshire had finally begun to pay us far more”

2023 Berkshire Hathaway Shareholder Letter

“Like Berkshire, the five companies are reluctant to issue shares.”

2023 Berkshire Hathaway Shareholder Letter

“An additional benefit for Berkshire is the possibility that our investment may lead to opportunities”

2023 Berkshire Hathaway Shareholder Letter

“knowing that Berkshire will always possess huge liquid resources that can be instantly available”

2023 Berkshire Hathaway Shareholder Letter

“Our Japanese purchases began on July 4, 2019. Given Berkshire's present size, building positions”

2023 Berkshire Hathaway Shareholder Letter

“That is an important disadvantage which we did not face in our early days at Berkshire.”

2023 Berkshire Hathaway Shareholder Letter

“At Berkshire's annual gathering on May 6, 2023, I presented the first quarter's results”

2023 Berkshire Hathaway Shareholder Letter

“Berkshire itself relocated in 1970 from its 81 years of residence in New England to settle in Omaha, leaving its troubles behind and blossoming in its new home.”

Daily Journal Annual Meeting 2023 — Munger Q&A

“I thoroughly approve what we're doing, and I don't consider at all fair that we're being taxed. We're doing something good for our own shareholders.”

Daily Journal Annual Meeting 2023 — Munger Q&A

“I think it's at all likely that we're broken up for a long, long time...with Berkshire buying in its own shares when they are”

Daily Journal Annual Meeting 2023 — Munger Q&A

“Berkshire share repurchases slowed considerably from $3 billion in the first quarter of 2022 to $1 billion in the second quarter and $1 billion in the third quarter.”

Daily Journal Annual Meeting 2023 — Munger Q&A

“Berkshire's a pretty damn good bet for shareholders as a whole of long term in the future... Everybody that bought Berkshire and held it for 20 years has done well.”

Daily Journal Annual Meeting 2023 — Munger Q&A

“to the extent they ask Berkshire who is that, I wish they'd stop... I'm just not interested in their view as to how Berkshire should behave.”

Daily Journal Annual Meeting 2023 — Munger Q&A

“If I recall correctly, he says, I believe you had stated that Berkshire thought it was a good alternative to cash at that time. Is the same type of thinking with Berkshire's new position in Occidental”

Daily Journal Annual Meeting 2023 — Munger Q&A

“That's a little bit of a surprising take from a guy who is a Vice Chairman at Berkshire, which has so many insurance companies.”

Daily Journal Annual Meeting 2023 — Munger Q&A

“He says he's been a shareholder of Berkshire Hathaway for 16 years, and thanks you for your stewardship”

Daily Journal Annual Meeting 2023 — Munger Q&A

“throughout your experience with Berkshire Hathaway, what are a few of the things that have surprised you most”

Daily Journal Annual Meeting 2023 — Munger Q&A

“I have never helped do anything at Berkshire that was as good as BYD, and I only did it once. Our $270,000 investment there is worth about $8 billion”

Daily Journal Annual Meeting 2023 — Munger Q&A

“That was our best investment at Berkshire [indiscernible] recruiting for him”

Afternoon Session - 2022 Meeting

“I want to take the job as CEO of Berkshire. But I've also learned that you can make a whole lot more people sustainably mad than you can make temporarily happy by speaking on any subject.”

Gambling on Wall Street helps Berkshire buy big

“people say how wonderful you've done if you bought Berkshire in, you know, in 1965 or something and held it”

Why Buffett has 'decidedly backed off' from politics

“it will say, you know, Berkshire Hathaway or Warren Buffett up, Berkshire Hathaway. I get it identified and I do not want to make the lives of you.”

Why Buffett has 'decidedly backed off' from politics

“I just want to take the job as CEO of Berkshire. But I've also learned that you can make a whole lot more people sustainably mad than you can make temporarily happy by speaking on any subject.”

Don't tell us Buffett can't be chairman and CEO

“Berkshire Hathaway's 2022 annual meeting of shareholders to discuss Berkshire Hathaway's perspective on governance and sustainability.”

Afternoon Session - 2022 Meeting

“Well, I'm not buying such and such. Berkshire Hathaway is buying it, and it may be the work of two other people that work at Berkshire”

Morning Session - 2022 Meeting

“he transformed Berkshire Hathaway, and the G. Jane is here with us”

Buffett: I wouldn't pay $25 for all the bitcoin in the world

“we can put out Berkshire coins or, you know, we can put up Berkshire money or anything like that. And anybody that thinks the United States is going to change to where they let Berkshire money replace”

Afternoon Session - 2022 Meeting

“I don't want to say anything that'll get attributed basically to Berkshire and have somebody else bear the consequences”

Afternoon Session - 2022 Meeting

“you know, Berkshire Hathaway or Warren Buffett up, Berkshire Hathaway. I get it identified.”

2022 Annual Meeting Highlight Reel

“And occasionally Berkshire gets a chance to do something and it's it's not because we're smart, it's because we're, the only thing I'd say we qualify on”

2022 Annual Meeting Highlight Reel

“We own about 9.5%. If we go past 10%, there'll be a form file with the SEC”

Afternoon Session - 2022 Meeting

“you mentioned a great satisfaction of yours is working for the individual long-term shareholders...shareholder culture like the one we have at Berkshire”

Morning Session - 2022 Meeting

“we never do anything that we don't think adds to the value of Berkshire Hathaway, though. So we only repurchase the shares when that is the most attractive thing to do.”

Morning Session - 2022 Meeting

“and that $20 bill was issued during my lifetime and it was done by a bank that Berkshire ended up owning”

Afternoon Session - 2022 Meeting

“within GAAP accounting and and I can play a lot of games with numbers we have never We've done a lot of dumb things at Berkshire. We have never told anybody that the number had to be this or that”

Afternoon Session - 2022 Meeting

“We've got one dramatic illustration of that within Berkshire...I think Berkshire's culture is going to last a long time after we're gone.”

Morning Session - 2022 Meeting

“Berkshire Hathaway will be there at that time. We run it on the basis that if things just behave slightly very, very... we want Berkshire Hathaway to be there and in a position to operate when the eco”

Morning Session - 2022 Meeting

“I wanted to sit down with them and tell them what Berkshire would do. But that explains the 11 billion.”

Morning Session - 2022 Meeting

“people say how wonderful you've done if you bought Berkshire in, you know, 1965 or something and held it.”

Morning Session - 2022 Meeting

“You wouldn't be able to do that with Berkshire. I mean, you can't literally buy it. You can say you want to buy 14% of the company.”

Afternoon Session - 2022 Meeting

“Berkshire Hathaway Energy and the unique structure that has evolved there, given that Berkshire doesn't own 100% of the company.”

Afternoon Session - 2022 Meeting

“Greg's stake in BHE is worth more than 500 million at present...compare his Berkshire Hathaway energy ownership to Berkshire stock.”

Morning Session - 2022 Meeting

“stan lipsy ran those of you follow berkshire ran the buffalo news and a partner for 40 or 50 years”

Morning Session - 2022 Meeting

“uh berkshire gets a chance to do something uh and it's it's it's not because we're smart it's because we're the only thing we're we're we qualify on”

Morning Session - 2022 Meeting

“it's not going to have an economic impact on Berkshire, but they love it, they care, you can see it, you can feel it”

Afternoon Session - 2022 Meeting

“In this year's letter, you talked about insurance float, the evolution of float, the per share float, the effect on repurchase to increase the per share float. And in regard to the repurchase, I would”

Afternoon Session - 2022 Meeting

“who knew that Geico would come along later and who knew it? There's just all kinds of things... When opportunity comes, you really do have to just, you just move.”

Afternoon Session - 2022 Meeting

“I look at Berkshire as a painting, you know, and it's, it's unlimited in size. It's kind of ever-expanding canvas and I get to paint what I want.”

Afternoon Session - 2022 Meeting

“we are extraordinarily well positioned to do exactly what we want to do with float, while at the same time, never putting ourselves in the position”

Afternoon Session - 2022 Meeting

“The relative absence of bureaucracy at Berkshire. Unbelievable. has made the company a lot of extra money for a very, very long time.”

Afternoon Session - 2022 Meeting

“inflation had noticeably impacted the prices that Berkshire's business businesses were paying and charging”

Morning Session - 2022 Meeting

“our shareholders long-term, our partners. And that's what our team is focused on building that franchise out... it will be a very big part, very important part of Berkshire.”

Afternoon Session - 2022 Meeting

“at Berkshire, we stick down something, you know, there's certain hedging that even the regulators want us to do”

Afternoon Session - 2022 Meeting

“you did it for diversified retailing in Berkshire, and why in the world should we pay you $2 million”

Morning Session - 2022 Meeting

“charlie is in charge of lost control at berkshire that's a we have no solution for it”

Morning Session - 2022 Meeting

“berkshire does not have an answer though we don't we don't know there's certain things we don't write policies on”

Morning Session - 2022 Meeting

“there's nothing berkshire can can protect you against, and we've been very lucky so far”

Morning Session - 2022 Meeting

“our exposures can be and how big our loss can be. When it comes to a nuclear thing, you know, I sort of surrender”

Morning Session - 2022 Meeting

“if you're worried about the effect of nuclear attacks, you know, you got other things to worry about than the value of your Berkshire.”

Morning Session - 2022 Meeting

“when you do think of Berkshire and they use Berkshire Hathaway Energy as a reference, but cyber risk and managing that risk, both at Berkshire really falls”

Afternoon Session - 2022 Meeting

“anybody that thinks the united states is going to change to where they let berkshire money replace theirs you know it's out of”

Afternoon Session - 2022 Meeting

“we can put up berkshire coins or you know we can put up Berkshire money or anything like that but uh we get in trouble i guess if we call it money”

Morning Session - 2022 Meeting

“the first year, let's say I die tomorrow... you've got the shares held in a place that it can't happen you've got a board of directors that understands that our culture is 99.9% of running the busines”

Morning Session - 2022 Meeting

“my family and I are long-term shareholders of Berkshire and we plan to hold it forever. We like that the current management thinks in the long term to increase shareholder intrinsic value”

Afternoon Session - 2022 Meeting

“he recently listened to the berkshire hathaway 2008 annual meeting where you talked about global oil production”

Morning Session - 2022 Meeting

“Berkshire is built forever. There is no finish point, you know. Nobody's waiting to retire or have their options vested”

Afternoon Session - 2022 Meeting

“this is my 20th berkshire annual meeting and i'm delighted that we're able to once again be here in person”

Morning Session - 2022 Meeting

“shareholders of Berkshire, but they're partners. And you'd really be hard to do that again”

Morning Session - 2022 Meeting

“we merged it into Berkshire, and we'll talk about that a little later. And, you know, I don't know whether it's $150,000 a share now or something like that”

Afternoon Session - 2022 Meeting

“Berkshire isn't going to get the chance to do that because we, if people think we're buying, we've got sensible shareholders”

Afternoon Session - 2022 Meeting

“And tomorrow, Monday, I can tell you, it's almost certain that if anybody offers us, well, there'll be shares trade of Berkshire, and we won't buy any”

Afternoon Session - 2022 Meeting

“Berkshire's got the, our shareholders are too smart. That's one of our problems. That's what we want to repurchase shares.”

Afternoon Session - 2022 Meeting

“we own 9% at Berkshire Hathaway. We obviously cared about the future of the Coca-Cola company.”

Afternoon Session - 2022 Meeting

“I'm Warren Buffett, Chairman of the Board of Directors of the Company. I welcome you to this 2022 annual meeting of shareholders.”

Afternoon Session - 2022 Meeting

“Our proposal would separate the roles of Chairman and CEO...that Berkshire remove itself from corporate America's assault on American Institute”

Afternoon Session - 2022 Meeting

“The next four items of business relate to four shareholder proposals that are each set forth through the proxy statement that can be accessed at Berkshirehathaway.com.”

Afternoon Session - 2022 Meeting

“the parent company began engaging with the co-sponsors this year, and the company recently published a supplement to the chair's letter from Vice Chair Abel”

Afternoon Session - 2022 Meeting

“two of the four giants of Berkshire Hathaway, as they are referred to in the Chair's annual letter. What about climate risk and insurance?”

Afternoon Session - 2022 Meeting

“Berkshire Hathaway is the only major public company in the U.S., the only one,”

Afternoon Session - 2022 Meeting

“On page K-26 of the 2021 annual report, the company states that climate-related risks could produce losses and significantly affect financial results.”

Afternoon Session - 2022 Meeting

“the parent company should, a, commence annual climate-related financial reporting for its subsidiaries wear material, and for the parent company as a whole following the recommendations of the task fo”

Afternoon Session - 2022 Meeting

“This stands in stark contrast to Berkshire Hathaway's track record of usually strong, long-term financial performance.”

Afternoon Session - 2022 Meeting

“one of the calculations that might go on in Berkshire's mind if we're going to build a plant someplace, it's going to sit there for 50 years”

Afternoon Session - 2022 Meeting

“If I thought Berkshire-Hathaway energy was behaving in a way that was bad for society, worse than other utility companies”

Afternoon Session - 2022 Meeting

“Berkshire is lagging both its American and its European peers, a position that increases climate risk globally and to its own portfolios.”

Afternoon Session - 2022 Meeting

“I formally move Proposal Number 5. asking for Berkshire Hathaway to report on the outcomes of their diversity, equity, and inclusion efforts”

Afternoon Session - 2022 Meeting

“The culture that exists at Berkshire Hathaway Headquarters, appears to be one that recruits, hires, promotes, and retains diverse employees.”

Afternoon Session - 2022 Meeting

“If we take a look at Berkshire's executive team, we can see that headquarters should be proud of the gender and racial diversity present”

Afternoon Session - 2022 Meeting

“It is another thing entirely to intentionally and proactively create the space, opportunity, and training needed within a company for those people”

Afternoon Session - 2022 Meeting

“The board has released insufficient information to assure investors that it is attentive to diversity, equity, and inclusion at Berkshire Hathaway companies.”

Afternoon Session - 2022 Meeting

“of the more than 60 companies Berkshire owns, only one has publicly released this form. One company. This is not the leadership that Mr. Buffett is known for.”

Warren Buffett (Charlie Rose Returns)

“I need to know that I think the Berkshire Hathaway is going to be worth more money someday down the road.”

Warren Buffett (Charlie Rose Returns)

“I wrote the report and people can go to the BerkshireHathaway.com and they can see exactly what I think.”

Warren Buffett (Charlie Rose Returns)

“Who had practically all their money in Berkshire. They trusted me 60 years ago.”

Warren Buffett (Charlie Rose Returns)

“Berkshire and Warren Buffett emerged to a point where your reputation and your credibility...Which is an essential part of who you are and Berkshire Hathaway is.”

Warren Buffett (Charlie Rose Returns)

“Berkshire is much bigger than it's ever been, and therefore that defines... The size restricts the kind of things”

Warren Buffett (Charlie Rose Returns)

“And Berkshire is the outgrowth of that. I went to the house that I was renting it for $175 a month”

Warren Buffett (Charlie Rose Returns)

“The record of Berkshire. That's what I've done. The money flows out of it... The legacy is Berkshire Hathaway?”

TIP438: Berkshire Hathaway — All You Need to Know w/ Chris Bloomstran

“Since Buffett first took control of Berkshire Hathaway in 1965, the stock is up 3,641,613%”

TIP438: Berkshire Hathaway — All You Need to Know w/ Chris Bloomstran

“Since Buffett first took control of Berkshire Hathaway in 1965, the stock is up 3,641,613% – an average annual return of 20.1%.”

#227 The Essays of Warren Buffett

“Buffet and Charlie Munger built this sprawling enterprise by investing in businesses with excellent economic characteristics and run by outstanding managers.”

#227 The Essays of Warren Buffett

“Experienced readers of Warren Buffett's letters to the shareholders of Berkshire Hathaway have gained an enormously valuable informal education.”

2022 Berkshire Hathaway Shareholder Letter

“Berkshire's Performance vs. the S&P 500 Annual Percentage Change Year in Per-Share Market Value of Berkshire”

Daily Journal Annual Meeting 2022 — Munger Q&A

“in the tradition that's come to both the Daily Journal and Berkshire Hathaway. So you're on for the first question.”

Daily Journal Annual Meeting 2022 — Munger Q&A

“The practice at Daily Journal and Berkshire is the same. We disclose what we have to under the rules”

2022 Berkshire Hathaway Shareholder Letter

“Charlie and I allocate your savings at Berkshire between two related forms of ownership.”

2022 Berkshire Hathaway Shareholder Letter

“Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt”

2022 Berkshire Hathaway Shareholder Letter

“We believe Berkshire's individual holders largely to be of the once-a-saver, always-a-saver variety.”

2022 Berkshire Hathaway Shareholder Letter

“To the Shareholders of Berkshire Hathaway Inc.: Charlie Munger, my long-time partner, and I have the job of managing the savings”

Daily Journal Annual Meeting 2022 — Munger Q&A

“The Mungers have Berkshire stock, Costco stock, Chinese stocks through Li Lu, a little bit of Daily Journal stock and a bunch of apartment houses.”

2022 Berkshire Hathaway Shareholder Letter

“They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire”

2022 Berkshire Hathaway Shareholder Letter

“Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section.”

2022 Berkshire Hathaway Shareholder Letter

“In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation.”

2022 Berkshire Hathaway Shareholder Letter

“Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses.”

Daily Journal Annual Meeting 2022 — Munger Q&A

“Berkshire's directors have done that forever. The Berkshire directors have met face to face twice a year forever and done everything else on the telephone or with consent minutes, and it's worked fine”

Daily Journal Annual Meeting 2022 — Munger Q&A

“If you look at Berkshire and the Daily Journal...the Berkshire Hathaway system of managing a subsidiary is just short of abdication. And look at how well it's worked.”

Daily Journal Annual Meeting 2022 — Munger Q&A

“And Berkshire has like 30 people in headquarters who aren't internal auditors and look at how well Berkshire has done.”

#111 Joel Greenblatt: Investing Made Simple

“lessons learned from Warren Buffett and what scares him the most in today's market. Now available on: YouTube | Apple Podcasts | Spotify | Transcript”

Munger: We don't have to agree on "every damn little thing we do"

“But I love Berkshire too. So, and luckily there's no company... And Warren and I don't have to agree”

Why Buffett doesn't recommend buying Berkshire stock

“I'm very happy having my future contributions to a group of charities that will be spread over 12 years or so after my death to stay in Berkshire. I think the odds are, Berkshire is, yeah, I like it”

Berkshire can't compete with free-spending SPACs

“what impact does the rise of so many new SPACs have on Berkshire's ability to find and close new acquisitions?”

Part 1 - 2021 Meeting

“we're going to hold our second virtual annual meeting of Berkshire Hathaway. We did an Omaha last year on short notice.”

Buffett: It would be "asinine" for Berkshire to compile a single climate change report

“Berkshire is such a force for good when it comes to financial literacy and empowerment through wealth creation.”

Part 1 - 2021 Meeting

“people who have entered the stock market in the last year and I think there have been a record number that have entered the stock market. I'll have a couple of little examples for them. And then we'll”

Part 2 - 2021 Meeting

“a majority of the Berkshire shareholders, a great majority. had a boat on dividend from them. We've got savers... We've advertised ourselves as being that sort of a vehicle.”

Part 2 - 2021 Meeting

“if you're repurchasing stock because it's a fair thing to do in the interest of your existing shareholders, it's a highly moral act... Berkshire would switch its capital return policy”

Part 1 - 2021 Meeting

“he's contributed in an incredible way to Berkshire... this improbable little company in Omaha became the largest property casualty in the world”

Buffett: It would be "asinine" for Berkshire to compile a single climate change report

“We don't do that stuff at Berkshire. I don't think we think we know the answer to all these questions about global warming”

2021 Annual Meeting Highlight Reel

“Anybody expects that of Berkshire Hathaway is out of his mind. Yeah, Charlie and I never were very good at dancing”

Part 2 - 2021 Meeting

“I'm sitting at a Berkshire-Hathaway annual meeting, presumably speaking for Berkshire”

Part 1 - 2021 Meeting

“first quarter, we actually showed a loss of almost $50 billion...that figure this year is a positive figure of $11.7 billion”

Part 1 - 2021 Meeting

“we published our 10Q, which gave the quarterly earnings that's up on our website, BerkshireHathaway.com”

2021 Annual Meeting Highlight Reel

“people that bought Berkshire with their own money voted against those properties”

Part 1 - 2021 Meeting

“if you really enjoy going into the details and you want to understand the nuts and bolts of Berkraathaway's various operations”

Part 2 - 2021 Meeting

“repurchasing shares is something that helps them and they own a larger percentage of Berkshire as they go along”

Part 1 - 2021 Meeting

“reported earnings for a company that has a lot of common stocks, marketable stocks like ours, you don't want to look at that final line.”

Part 1 - 2021 Meeting

“I don't think that's the way to look at Berkshire. We think over time that we will have investment gains”

Part 1 - 2021 Meeting

“losses of a company like Berkshire were made adjustments to the net worth of the net worth of Berkshire, but they did not run through earnings.”

Part 2 - 2021 Meeting

“how will a 25 to 28% corporate tax rate affect Berkshire's companies? Well, I don't think it would be the end of the world.”

Part 2 - 2021 Meeting

“we have a class A stock and a class B stock...when I was first starting, they used to take 52% the federal government did of corporate profits...the government's class A double A stock...the future ta”

2021 Annual Meeting Highlight Reel

“Berkshire owns a large number of subsidiary businesses, most of which are never mentioned. Is there a point at which Berkshire becomes too large to manage?”

Part 1 - 2021 Meeting

“So, Berkshire Hathaway, where was the place to be in 1903 when my dad was born”

2021 Annual Meeting Highlight Reel

“our desire, well, to figure out everything possible we can do to make sure that Berkshire is 50 or 100 years from now, you know, every bit the organization”

Part 1 - 2021 Meeting

“Well, Berkshire, let's see what we've got up there. Yeah, no, stay where you were. Go back. I don't want to change slides yet.”

Part 1 - 2021 Meeting

“I do not consider it a great moment in Berkshire's history, but I also don't know we've got more net worth than any company”

Part 2 - 2021 Meeting

“Berkshire didn't make the mistake. I made the mistake, incidentally... in terms of the earning power on average.”

Part 1 - 2021 Meeting

“imagine if Perkshire was the ten percent holder, which they had been of everyone the airlines, they said, to get a brochure”

Part 2 - 2021 Meeting

“we started with three businesses, Charlie and I, and Berkshire was textiles, diversified retailing was a department store”

Part 1 - 2021 Meeting

“we spent about 25 billion in the first quarter and more money since and we it's the best thing we can't buy companies as cheap”

Part 1 - 2021 Meeting

“I personally prefer holding Berkshire to holding the market. So I'm quite comfortable holding Berkshire. I think our businesses are better than the average”

Part 1 - 2021 Meeting

“Anybody expects that of Berkshire Hathaway is out of his mind. Yeah, Charlie and I never were very good at dancing”

Part 2 - 2021 Meeting

“We will back our problems up by $4 billion, which, you know, and we won't have any rinketing clauses in there”

Part 1 - 2021 Meeting

“I'm very happy having my future contributions to a group of charities that will be spread over 12 years or so after my death, to stay in Berkshire. I think the odds are, Berkshire is, yeah, I like, I ”

Part 1 - 2021 Meeting

“Berkshire is such a force for good when it comes to financial literacy and empowerment through wealth creation.”

Part 2 - 2021 Meeting

“that's what we try and do at Berkshire Hathaway. We do not think we can make money by making macro-economic predictions.”

Part 2 - 2021 Meeting

“The main thing about Berkshire is how they preserve the culture. How do you make sure that if you get the wrong person as the CEO”

Part 2 - 2021 Meeting

“increasing antitrust regulation could represent a material risk for Berkshire. As Berkshire's board already discussed what would happen to the company”

Part 1 - 2021 Meeting

“Berkshire Hathaway Energy and 12 other companies, including the apples of the world, Google, Walmart, committed to Paris”

Part 1 - 2021 Meeting

“of our Berkshire shareholders, I really believe this risk is being well managed and, and and we are positioning ourselves for the long term.”

Part 1 - 2021 Meeting

“But I love Berkshire too. I love Berkshire, too. So, and luckily, there's no conflict.”

Part 2 - 2021 Meeting

“When we discuss Berkshire, we often focus on the insurance operations and the largest non-insurance businesses”

Part 2 - 2021 Meeting

“I love Berkshire, he loved the business, and, and I wasn't going to add anything, but having him fill out a bunch of reports”

Part 1 - 2021 Meeting

“One of the successful features of Berkshire is the strong bond between Mr. Buffett and Mr. Munger who managed the company better”

Part 1 - 2021 Meeting

“As you two are clear leaders of the next generation at Berkshire Hathaway, can you please tell us about how you interact”

Part 2 - 2021 Meeting

“From raw material purchases by Berkshire subsidiaries, are you seeing signs of inflation beginning to increase?”

Part 1 - 2021 Meeting

“Berkshire Hathaway, which had a, has more than this, but let's say we had a hundred billion dollars in treasury bills. We have more than that.”

Part 2 - 2021 Meeting

“our desire, well, to figure out everything possible we can do to make sure that Berkshire is 50 or 100 years from now, you know, every bit of the organization”

Part 2 - 2021 Meeting

“I am Warren Buffett, not that you didn't know why this time. Chairman of the board of directors of the company, I welcome you to the 2021 annual meeting of shareholders.”

Part 2 - 2021 Meeting

“those proposals, I just go to Berkshirehathaway.com because they're interesting proposals and the proponents' views are set forth well there”

Part 2 - 2021 Meeting

“climate risk may be material to the parent company. And we have a question for the chair. Will you please change your mind and vote your personal shares in support of item two?”

Part 2 - 2021 Meeting

“I formally move proposal number three, asking for Berkshire Hathaway to report on how it assesses diversity, equity, and inclusion efforts”

Part 2 - 2021 Meeting

“What would it mean if the majority of Berkshire's operating units weren't managing their diversity programs?”

Part 2 - 2021 Meeting

“Second shareholder proposal requests the Berkshire Hathaway companies annually published reports assessing their diversity and inclusion efforts.”

Part 2 - 2021 Meeting

“Only 22% of Berkshire companies do at any level. And only four Berkshire companies speak to work waste equity with any meaningful depth. Berkshire is a serious outlier here.”

TIP346: Masterclass in Valuation w/ Chris Bloomstran

“Learn how to join us in Omaha for the Berkshire meeting”

TIP346: Masterclass in Valuation w/ Chris Bloomstran

“Learn how to join us in Omaha for the Berkshire meeting”

TIP346: Masterclass in Valuation w/ Chris Bloomstran

“Learn how to join us in Omaha for the Berkshire meeting”

TIP346: Masterclass in Valuation w/ Chris Bloomstran

“Learn how to join us in Omaha for the Berkshire meeting”

2021 Berkshire Hathaway Shareholder Letter

“Berkshire's Performance vs. the S&P 500 Annual Percentage Change Year in Per-Share Market Value of Berkshire”

Daily Journal Annual Meeting 2021 — Munger Q&A

“Everyone knows this isn't a small cap Berkshire Hathaway. I'm just trying to get a feel for what the long-term capital allocation is.”

Daily Journal Annual Meeting 2021 — Munger Q&A

“In recent years, Berkshire Hathaway has provided much greater insight into the company's succession thoughts and has made available at the annual meeting”

2021 Berkshire Hathaway Shareholder Letter

“To the Shareholders of Berkshire Hathaway Inc.: Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings.”

2021 Berkshire Hathaway Shareholder Letter

“Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based "infrastructure" assets”

2021 Berkshire Hathaway Shareholder Letter

“At yearend, those domestic infrastructure assets were carried on Berkshire's balance sheet at $158 billion.”

2021 Berkshire Hathaway Shareholder Letter

“Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid $3.3 billion”

2021 Berkshire Hathaway Shareholder Letter

“In the nine years following the merger, Berkshire's owners watched the company's net worth crater from $51.4 million to $22.1 million.”

2021 Berkshire Hathaway Shareholder Letter

“Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses”

2021 Berkshire Hathaway Shareholder Letter

“Berkshire's prosperity has been fostered mightily because the company has operated in America”

2021 Berkshire Hathaway Shareholder Letter

“Berkshire's balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE).”

2021 Berkshire Hathaway Shareholder Letter

“TTI was soon to lead Berkshire to its most important acquisition.”

2021 Berkshire Hathaway Shareholder Letter

“Deb Bosanek, my assistant, scheduled our board's opening dinner for October 22.”

2021 Berkshire Hathaway Shareholder Letter

“Despite that large stake, I had never visited the railroad's headquarters.”

2021 Berkshire Hathaway Shareholder Letter

“In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF... was the third-largest holding among our marketable equities.”

2021 Berkshire Hathaway Shareholder Letter

“I want to sell to Berkshire because you are the only guy left. So, I made an offer and Paul said "Yes."”

2021 Berkshire Hathaway Shareholder Letter

“Berkshire would offer the railroad a better long-term home than it could expect as a public company”

2021 Berkshire Hathaway Shareholder Letter

“Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st.”

2021 Berkshire Hathaway Shareholder Letter

“Berkshire would rank high among those with which they would be most comfortable... people who are comfortable with their investments will achieve better results”

2021 Berkshire Hathaway Shareholder Letter

“Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching "til death do us part."”

Daily Journal Annual Meeting 2021 — Munger Q&A

“I hope we don't have fewer truck stocks because Berkshire Hathaway is deeply involved in truck stops.”

Daily Journal Annual Meeting 2021 — Munger Q&A

“through their efforts to create business success at Berkshire that they have been involved in saving millions of lives”

Daily Journal Annual Meeting 2021 — Munger Q&A

“Rose Blumpkin had quite an effect on the Berkshire culture. She created a business with like 500 depression dollars that became a huge business.”

Daily Journal Annual Meeting 2021 — Munger Q&A

“Everyone knows this isn't a small cap Berkshire Hathaway. I'm just trying to get a feel for what the long-term capital allocation is.”

Daily Journal Annual Meeting 2021 — Munger Q&A

“These actions have given some shareholders more visibility and comfort on their investment...Can you provide similar insight...like those at Berkshire”

Daily Journal Annual Meeting 2021 — Munger Q&A

“In recent years, Berkshire Hathaway has provided much greater insight into the company's succession thoughts and has made available at the annual meeting”

Daily Journal Annual Meeting 2021 — Munger Q&A

“Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share?”

Daily Journal Annual Meeting 2021 — Munger Q&A

“One of the great advantages of the way Berkshire operates is that we associate with a lot of marvelous people.”

Daily Journal Annual Meeting 2021 — Munger Q&A

“I hope we don't have fewer truck stocks because Berkshire Hathaway is deeply involved in truck stops.”

Daily Journal Annual Meeting 2021 — Munger Q&A

“through their efforts to create business success at Berkshire that they have been involved in saving millions of lives”

Daily Journal Annual Meeting 2021 — Munger Q&A

“Rose Blumpkin had quite an effect on the Berkshire culture. She created a business with like 500 depression dollars that became a huge business.”

2020 Berkshire Hathaway Annual Meeting - Part 1

“this is the annual meeting of Berkshire Hathaway. It doesn't look like an annual meeting.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Berkshire Hathaway, it's interests in four different airlines”

2020 Berkshire Hathaway Annual Meeting - Part 1

“which was posted on the internet and Berkshire aathaway.com this morning and and there's lots and lots of detail in there”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“I pointed out that there have been three times in Berkshire's history when the price of Berkshire stock went down 50%.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“these are the figures for Berkshire Hathaway. And they include both Todd and Todd Combs and Ted Westler manage significant sums”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Berkshire actually raised some more money. We don't need it, but we'll, I think it's still a good idea over time.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“We started out with a company like that in our textile business at Berkshire Hathaway in 1965.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Berkshire is almost certain to generate cash. I mean, at nothing's 100% certain.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“at Berkshire Athaway Energy, we had some short-term financing. We don't have short-term financing at any degree.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Brookshire will never get in a position where it needs money... our position will be to be to stay of Fort Knox”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Berkshire Hathaway Energy, for example, you can see U.S. electricity consumption's down 4%. That realistically doesn't impact that business in a significant way, and longer term, we'll continue to gro”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“five years from now, I think Berkshire will be employing considerably more people. And I don't see where we'll have large depths.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“sale of Berkshire Hathaway Media. And then Charlie's comments from that interview saying that several small Berkshire subsidiary subsidiaries”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Berkshire's been pretty accurate in its reserving. And I have no reason to think that we're otherwise than that currently.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“I remain a long-term investor because of the huge war chest that can be deployed during the downturns in the market like we're seeing right now. Warren has been brilliant at negotiating mutually favor”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“like many, I'm a proud Berkshire Hathaway shareholder. However, in comparing the performance of Berkshire with the S&P 500”

2020 Berkshire Hathaway Annual Meeting - Part 1

“and I'll get to that little one I'll report on Berkshire, which I will soon, I promise. The stocks have an enormous advantage”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“when I look at the assets we have in place, and the teams that are in place, we have a great chance of sure giving a good effort”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“our book net worth at Berkshire at the quarter end, I think, was $370 some billion, which is down.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“I've got 99% of my money in Berkshire and most members of my family are not be quite that extreme, but they're close to it.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“I happen to believe that Berkshire is as about a sound as any single investment can be.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“I can't imagine ever selling my Berkshire stock. At some point, money is money.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“I've been disappointed in Berkshire's underperformance. Even year to date, Berkshire is trailing the S&P 5th by 8%.”

2020 Berkshire Hathaway Annual Meeting - Part 1

“I will bet on America the rest of my life, and I hope my successors at Berkshire do it.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Greg and Todd and Ted have been in the asset allocation business in a big way for a long time...Charlie and I are around, we kind of like capital allocation ourselves.”

2020 Berkshire Hathaway Annual Meeting - Part 1

“we keep ourselves in an extraordinarily strong position. We'll always do that. That's just, that's fundamental. We insure people”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“In my view, it also permanently hurt Berkshire's reputation in the marketplace.”

2020 Berkshire Hathaway Annual Meeting - Part 1

“We're prepared at Berkshire. We always prepare on the ad. on the basis that maybe the bed will not have a chairman that acts like that”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“you're very concerned about Berkshire's long-term health, too. This question came in from Drew Estes in Atlanta, Georgia, who says, there's already speculation of a post-Buffet breakup of Berkshire.”

2020 Berkshire Hathaway Annual Meeting - Part 1

“I'm Warren Buffett, Chairman of the Board of Directors of the Company, and I welcome you to this 2020 annual meeting of shareholders. Mark Hamburg is Secretary of Berkshire Hathaway”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“There is not a big discount to break up value embodied in Berkshire's price... it still involves a big voting percentage... you can count on Berkshire's present posture being continued for a long time”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“long-term owners see the folly in this view. A $25 billion ancillary earnings stream provides a lot of flexibility when investing insurance float. On our and your estate's behalf, could you more force”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“all of it ends up going to various philanthropies staggered over time, but it also, it will keep the walls away... the unique structure of Berkshire, and it creates immense value”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“the value of Berkshire's insurance companies derived from the fact that policyholders pay up front creating insurance float”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Berkshire's insurance companies would respond if interest rates became negative in the United States”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Berkshire is the largest holding in his partnership, which also houses most of their net worth. He says Berkshire's invested in many capital intensive businesses”

2020 Berkshire Hathaway Annual Meeting - Part 1

“advisory vote on the compensation paid to Berkshire Hathaway's executive officers”

2020 Berkshire Hathaway Annual Meeting - Part 1

“We have put up on the Berkshire Hathaway.com site, some material relating to this motion”

2020 Berkshire Hathaway Annual Meeting - Part 1

“we've been very outspoken over the years...and we've been consistent over the years...Berkshire's board in particular”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“because we own it within berkshire to redeploy it elsewhere didn't require a lot of tax expense”

2020 Berkshire Hathaway Annual Meeting - Part 1

“we would like to commend the directors for the addition of Mr. Kenneth Chenault and the fact that 21% of the board is made up of women”

2020 Berkshire Hathaway Annual Meeting - Part 1

“Our proposal requests that Berkshire Hathaway Board, adopt a diversity search policy requiring that the initial candidates”

2020 Berkshire Hathaway Annual Meeting - Part 1

“I'm Mark Hamburg from Berkshire Hathway, and I'm here to present Proposal 4 on behalf of the New York City Comptroller”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Berkshire has invested in many companies with stock buyback programs. Recently, there's been a backlash against buybacks.”

2020 Berkshire Hathaway Annual Meeting - Part 1

“reviewing Berkshire Hathaway's largest stock market holdings of businesses, all 10 of these companies have boards that meet our board diversity requirement”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“I have been following a policy of giving away stock now since 2006... Berkshire is still retaining more capital than I'm giving away.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“Berkshire is going to do what it thinks makes sense for shareholders. And we like investing in companies that think that way, too.”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“repurchasing, and that doesn't mean we're repurchasing all the time or the view doesn't change. There could be a price relative to the value at the time, not relative to what it was worth a year ago. ”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“it's more, far more compelling to buy Berkshire shares now than I would have felt three months or six months”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“can you ask Warren why he didn't purchase, repurchase Berkshire shares in March when they dropped to a price”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“I don't think Berkshire shares relative to present value are at a significantly different a discount than they were”

2020 Annual Meeting Highlight Reel

“this is the annual meeting of Berkshire Hathaway. It doesn't look like an annual meeting.”