Warren Buffett pressed the case at Berkshire Hathaway Inc.’s annual meeting for why takeovers make more sense for the company than the stock picks that propelled growth for decades.
The billionaire told thousands of shareholders at the CenturyLink Center in Omaha, Nebraska on May 3 that he and business partner Charles Munger are focused on acquiring large companies to create “more enduring” value.
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’
Warren Buffett just dropping his annual Saturday morning knowledge in the form of an annual letter to Berkshire Hathaway shareholders. And he's also giving major love to one of the hottest startups in the world: Airbnb.
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.