General Motors Company

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“General Motors was the strongest corporation in the world. Kodak was one of the”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“General Motors. General Electric was famous for always negotiating out of the wire.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“General Motors is a letter they file out when they take something over a letter says dear Joe Schmo major supplier to this business they've just bought”

Morning Session - 2024 Meeting

“General Motors used to be very big in the insurance business. And when Uber first started, they used some firm”

Afternoon Session - 2023 Meeting

“i was reading the other day actually the 1932 annual report of general motors and uh it's one of the best annual reports i've read”

Afternoon Session - 2023 Meeting

“Charlie's firm was the specialist in General Motors on the Pacific Coast Stock Exchange, and that was a franchise, wasn't it, Charlie?”

Morning Session - 2023 Meeting

“Tesla and GM are offering their own electric vehicle insurance”

Morning Session - 2023 Meeting

“GM, I think, has projected. They'll write $3 billion of premium, which, you know, it's hard to imagine where it'll come from.”

Daily Journal Annual Meeting 2022 — Munger Q&A

“they wiped out the shareholders of General Motors, they wiped out the shareholders of Kodak”

Afternoon Session - 2022 Meeting

“he had the specialist position in general motors and a few things and some employee stole”

2021 Berkshire Hathaway Shareholder Letter

“52,975,000 General Motors Company ...................... 3 . 6 1,616 3,106”

Daily Journal Annual Meeting 2021 — Munger Q&A

“Whoever dreamed when I was young that Kodak and General Motors would go bankrupt.”

Part 1 - 2021 Meeting

“General Motors became the dominant company. Finally went Henry Ford really make the shift from the Model T to the Model A.”

Part 2 - 2021 Meeting

“if you're buying steel at General Motors or someplace, you're paying more every day”

2020 Berkshire Hathaway Shareholder Letter

“General Motors Company .................... 3 . 7 1,616 2,206”

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

“say, General Motors had a strike, which they did, and that they have business interruption”

2020 Berkshire Hathaway Annual Meeting - Part 1

“You want a hundred chairs of General Motors. On Monday morning, somebody will buy your 100 chairs or sell you another 100 chairs at exactly the same price.”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“I am buying the general Motors company for $42 billion because, and you should get it on a piece of paper”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“In 1932, General Motor Motors had 19,000 dealers. That's more than all the auto dealers in the United States today.”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“how many cars I think they might be able to sell or even produce. I'll guarantee them cars are going to slow down”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“if you're going to buy, say, General Motors, that has a billion, 400 million shares out, you should be able to take a yellow pad”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“That was a terrific time to buy General Motors. And forget about the market.”

Buffett: Stocks are 'ridiculously cheap' if rates don't move | May 6, 2019

“you're buying General Motors, 1.4 billion stairs out, we'll say the stock's four years a little below that, you should be able to take out a one-page sheet of paper and say, I am buying the General Mo”

Buffett: We need to help free trade's "roadkill" | March 28, 2019

“you also own a stake in GM one of the fellows in the office says there's two fellows that each manager works your Hathaway does yeah exactly it's a stake in GM I think it's 2.6 billion”

Buffett: We need to help free trade's "roadkill" | March 28, 2019

“I think Mary Barra has done a sensational job at General Motors. That is not an easy job... I am a huge admirer of Mary Barra on the job she has done in General Motors.”

Buffett: We need to help free trade's "roadkill" | March 28, 2019

“We buy 100 shares of General Motors. We think we're buying the whole business and we multiply if they've got the billion”

Buffett: We need to help free trade's "roadkill" | March 28, 2019

“G.M. has been looking to the future, trying to find what the future of its interests. industry is going to mean.”

Buffett: We need to help free trade's "roadkill" | March 28, 2019

“in the case of GM. So I look at what I'm getting as a part owner of a business. And I don't know why, with all the things you can buy for $25 billion”

Daily Journal Annual Meeting 2018 — Munger Q&A

“I mean you can talk about the culture of General Motors or the culture of AT&T, it's a very difficult subject.”

Criticizing the cryptocurrency craze | May 7, 2018

“for the new Cadillac that has some kind of semi-autonomous driving, some of these new features that allow the computer to drive a little bit more”

Afternoon Session - 2018 Meeting

“Fortune 500 list and, you know, it would be AT&T or General Motors and it was companies that ExxonMobil”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“you are buying when you buy an interest in General Motors or Berkshire Athamway or anything, you are buying something”

2017 Berkshire Hathaway Shareholder Letter

“44,527,147 General Motors Company .................... 3 . 2 1,343 1,825”

Morning Session - 2017 Meeting

“whether it was Exxon or General Motors or you name it. So we would love, I mean, there's no question that a business”

Daily Journal Annual Meeting 2016 — Munger Q&A

“General Motors is in our Berkshire portfolio because one of our young men likes it... I haven't got the faintest idea of why that young man likes GM.”

Afternoon Session - 2016 Meeting

“When I think of the power of General Motors when I was young and what happened, they wiped out all the shareholders”

Daily Journal Annual Meeting 2015 — Munger Q&A

“General Motors [GM] was the most important automobile company in the world when I was young. It wiped out its shareholders.”

Fifty years of Buffett's Berkshire | March 2, 2015

“Mary Barra, that you bought a new Cadillac. She was instrumental, I think, in convincing you to buy that Cadillac... Mary's the right one to do it.”

Fifty years of Buffett's Berkshire | March 2, 2015

“We were talking about GM earlier. Harry Wilson has been proposed by a group of activist investors as a potential addition to the board of General Motors.”

Fifty years of Buffett's Berkshire | March 2, 2015

“to do exactly what you said to help General Motors build for the long-term strengths that needs to become a world-class company”

Daily Journal Annual Meeting 2014 — Munger Q&A

“Imagine General Motors [ticker: GM] who went bankrupt. Can you imagine how they towered over the economy when I was young?”

Daily Journal Annual Meeting 2014 — Munger Q&A

“If worse comes to worse, the shareholders are not going to go to zero like the shareholders of General Motors did.”

2014 Berkshire Hathaway Shareholder Letter

“In their glory days, General Motors, IBM, Sears Roebuck and U.S. Steel sat atop huge industries.”

We'll never want to "go to war" with Coca-Cola | May 5, 2014

“Have you had any concerns about the GM recall news? Obviously, that happened before her time.”

We'll never want to "go to war" with Coca-Cola | May 5, 2014

“you mentioned over the weekend that you met recently with Mary Barra, of GM for lunch. What did you think about that?”

We'll never want to "go to war" with Coca-Cola | May 5, 2014

“Mary was here and I think she's terrific. She can run any company at Berkshire, that's for sure. She loves cars.”

Buffett jokes about Munger's hearing

“I think we ought to buy General Motors at 35, do you agree? Not a flicker.”

Afternoon Session - 2014 Meeting

“if you buy a McDonald's franchise, if you buy General Motors, whatever it may be, the real question is”

Afternoon Session - 2014 Meeting

“Charlie, I think we ought to buy General Motors at 35. Do you agree?”

Daily Journal Annual Meeting 2013 — Munger Q&A

“I don't think many people who work in the executive ranks of General Motors or have served on its board of directors have any feeling of guilt that they destroyed 100 percent of the common equity”

Daily Journal Annual Meeting 2013 — Munger Q&A

“General Motors, out of the profits of their good years, they could have bought, every year, for many years, a big company... Instead, what they declared to their shareholders was a goose egg. They too”

Buffett sees "gradual improvement" in economy | May 6, 2013

“Berkshire Hathaway, General Motors, IBM does not make more money because somebody is front running by a nanosecond”

Morning Session - 2013 Meeting

“selling to people like Boeing or General Motors or big industrial companies in Germany”

Morning Session - 2013 Meeting

“People used to talk about how General Motors had $1,500 a car and health care costs that Toyota didn't have.”

Afternoon Session - 2012 Meeting

“AIG and General Motors have emerged. These two have not.”

Afternoon Session - 2011 Meeting

“General Motors, which became the most successful business of its kind in the world and wiped out its common shareholders, what, last year?”

Afternoon Session - 2011 Meeting

“Of course, a lot of that happened in General Motors.”

Afternoon Session - 2010 Meeting

“they'd, in effect, gone into General Motors”

Class B stock split was "easy decision" | January 20, 2010

“where it's possible they'll lose money is in the auto company. So if you're going after the people you've saved, well, at least where it's possible they'll lose money is in the auto company. So if you”

Morning Session - 2007 Meeting

“I said, Charlie, I think we ought to buy General Motors at 30. Do you agree?”

Morning Session - 2007 Meeting

“If I buy a thousand shares of General Motors and my broker doesn't deliver it to me, and I ask him to deliver it”

Morning Session - 2007 Meeting

“if they're buying 100 shares of General Motors at 30, and General Motors has whatever it has out, 600 million shares or a little less, that they say, I'm going to buy the General Motors company for $1”

2006 Berkshire Hathaway Shareholder Letter

“Of the ten non-oil companies having the largest market capitalization in 1965 – titans such as General Motors, Sears, DuPont and Eastman Kodak”

Afternoon Session - 2006 Meeting

“for the P&Gs or the Gillettes or whomever it might be, or Ford Motor or General Motors, to get to those eyeballs”

Afternoon Session - 2006 Meeting

“I once thought General Motors was a bulletproof franchise. And – but we have a wonderful way of course.”

Morning Session - 2006 Meeting

“If you own 100 shares of General Motors, it's going to trade on Monday, and that's what it's worth”

Wesco 2005 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“I would never short a company that was doing $180 billion [in sales] per year with a market cap of $15 billion that was such an iconic part of America.”

Wesco 2005 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“I regard GM as such a marvel of human achievement, but also an example of massive management failure.”

Wesco 2005 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“I would never short a company that was doing $180 billion [in sales] per year with a market cap of $15 billion that was such an iconic part of America... a lot of very decent people running GM basical”

Poor Charlie's Almanack

“Is GM valued properly vis-a-vis Ford? We don't know.”

Poor Charlie's Almanack

“General Motors recently made just such a mistake, and it was a lollapalooza... which has blown many hundreds of millions of dollars.”

Poor Charlie's Almanack

“trades in his very old Chevrolet and leases a new Cadillac at the giveaway rate now common”

Afternoon Session - 2005 Meeting

“the competitive disadvantage of General Motors and Ford, with their huge health care liability costs for their employees and retirees”

Afternoon Session - 2005 Meeting

“General Motors and Ford are in the position of having commitment to...pay sums for retired...that are staggeringly high compared to some of their competitors”

Afternoon Session - 2005 Meeting

“If I were the governor of Michigan or the President of the United States or a director of General Motors or Ford or a family member of Ford, I would want to address the problem right now.”

Afternoon Session - 2005 Meeting

“IBM or General Motors or General Electric will not earn more money because their stock turns over more frequently”

Morning Session - 2004 Meeting

“How long were you, you and Jack, the specialists in General Motors on the Pacific Coast Exchange?”

Wesco 2003 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“Kodak, Sears and General Motors. Sure, vicissitudes come to all places, but I think Berkshire is structured so that it's unlikely to fall back the way GM has.”

How to know when you're in your "circle of competence"

“you can understand in a general way, General Motors, you may not be able to value it”

Afternoon Session - 2002 Meeting

“he would look at General Motors and Chrysler and the side which he thought was undervalued relative to the other and go long, one and short”

Afternoon Session - 2002 Meeting

“you can understand in a general way, General Motors. You may not be able to value it.”

Afternoon Session - 2001 Meeting

“Sears and General Motors and people like that thought there were some very wide moats around their businesses, and it turned out otherwise.”

A Perverse Use of Antitrust Law (2000)

“a small firm-a predecessor of General Motors-invented a self-starter that the driver could use from inside the car”

Warren Buffett | Nightline Interview | 1999

“if I'm going to buy 100 shares of General Motors or General Electric or whatever it may be, I try and look at what the whole business is selling for”

Investment Practices of Leading Charitable Foundations (1998)

“General Motors recently made just such a mistake, and it was a lollapalooza... General Motors horrible decision, which has blown many hundreds of millions of dollars.”

Investment Practices of Leading Charitable Foundations (1998)

“Not long ago, General Motors made just such a mistake, and it was a lollapalooza... General Motors horrible decision, which has blown many hundreds of millions of dollars.”

Afternoon Session - 1998 Meeting

“Charlie was big in General Motors in the mid-60s, right, Charlie? And was your biggest commitment?”

Morning Session - 1997 Meeting

“There's no way that you can own General Motors and transfer it into General Electric stock without a tax”

Morning Session - 1997 Meeting

“if you own General Electric and I own General Motors and we each feel too concentrated”

1996 Berkshire Hathaway Shareholder Letter

“Witness the shocks some years back at General Motors, IBM and Sears, all of which had enjoyed long periods of seeming invincibility.”

Morning Session - 1996 Meeting

“if you can't buy General Motors directly under, I assume the relevant rules or statutes”

Afternoon Session - 1996 Meeting

“to the extent that General Motors sets up many, many billions of a reserve for post-retirement health benefits, that tends to make the return on GM look a lot better”

Stanford Law: Worldly Wisdom Revisited — Business: What Lawyers Should Know (1996)

“Is GM valued properly vis-à-vis Ford? We don't know.”

Morning Session - 1995 Meeting

“you're going to have to put up 50 percent of the cost of buying your general motor stock or whatever it may be”

Afternoon Session - 1995 Meeting

“I don't think would be a good idea for General Motors. I think there's something to be said for a positive shareholder's equity.”

Warren Buffett's First National Television Appearance - PBS (1985)

“they throw U.S. Steel at 25, and they throw General Motors at 68. And you don't have to swing.”

1984 Berkshire Hathaway Shareholder Letter

“Tom Murphy, then CEO of General Motors; and, most recently, Paul Volcker”

1983 Berkshire Hathaway Shareholder Letter

“roughly equal to the combined 1982 profits of Exxon, General Motors, Mobil and Texaco”