Each year Warren Buffett and Charlie Munger answer questions in front of crowds of tens of thousands of Berkshire Hathaway shareholders in Omaha, Nebraska. The question and answer sessions provide great wisdom on economics, investing and management. Here are some of the highlights I have found from the meeting yesterday.
Buffett, Munger praise Google’s ‘moat’
The legendary investor, speaking at the annual Berkshire Hathaway shareholders meeting, says he made a 'big mistake' in dealing with David Sokol, who has resigned.Warren Buffett admitted rare missteps in dealing with questionable personal trading by a top executive, but tens of thousands of shareholders still bathed their financial idol with adulation at his holding company's annual meeting.