1999 Berkshire Hathaway Annual Meeting (Full Version)

Berkshire Hathaway annual shareholder meeting (May 3, 1999)
Video combines Morning session & Afternoon session.

[TerryJulianLive]

I think I've watched every Berkshire Hathaway Meeting

[naveenkumar_]

Thank you for these collection of videos😊

[lanceknuth]

"And I don't think it's the last convulsion we're going to see in the derivatives game." - Charlie Munger

[FighterX]

30:30 DCF is the right approach, just gotta stick the right numbers. Using LT treasury as a discount rate to compare across diff cos. But what you pay has to be significantly less than treasury rate discounted result of a NPV.

[JenPurple]

1:24:00 Goodwill as an asset, balance sheet, increase or decrease depends on the situation

[jatildon]

4:57:29
how to educate oneself about the finance (for those who have no formal education in finance) ?

[harris]

Attempt of calculating berkshires value
28:40-34:05
China companies
1:27:20- 1:29:00

[PhysicsBaba]

If you serious about inviting in stock market you should watch every Berkshire Hathaway AGM video with your full attention!!!

[vuanh]

04:40:06 Munger recommends a book about Buffett: The Warren Buffett Portfolio

[JenPurple]

1:36:59 Health, wealth, do what I want to do

[FighterX]

No sense in using higher discount rate (CAPM) because of beta (industry volatility). $1 of cashflow is $1 of cashflow no matter whether it comes from AI biz, paper biz, or from lending to the government (if we knew what the future actually is in each case)

[davidmercado]

I never known what you talk about on the second day in that course. I mean — (Laughter)
The first — you walk in, you say, you know, “Everything’s valued perfectly, and class dismissed.” So, it puzzles me.

[JenPurple]

2:21:41 We Don’t get too concerned about things come and go. 1972 bought See’s candy

[JenPurple]

2:55:10 Valuation 500 Fortune @ $334 B earnings ~ $10 T Market Cap

[jatildon]

3:46:40 how can a young man start investing ? is whatever Mr Buffett did in his early days applies today?

[JenPurple]

35:14 Retail & E-Commerce
40:14 Monopoly advantages 3

[FighterX]

2:48:00 change
3:47:29

4:20:05 liberal arts
4:44:44 Monish

[SeenaAbedi]

1:07:55 Why Buffett closed up, due to the partners' expectations

[SeenaAbedi]

4:18:15 There’s no formula, you have to understand the businesses and that’s what drives academics crazy.

4:18:45 How can people so smart do such silly things?

[JenPurple]

53:00 Compounding $1M @50%, find small securities in your area of confidence, small wrinkles here and there - treasure hunt.