Berkshire Hathaway 2019 Conference Summary - Warren Buffett & Charlie Munger

Berkshire Hathaway 2019 Conference Summary - Warren Buffett & Charlie Munger discussing the following topics:
1:53 Earnings Q1
2:54 Buybacks
3:37 Insurance
4:55 Changing
5:16 Alternatives
6:13 Apple
6:39 China
7:32 KHC
8:11 Amazon
9:18 After Buffett
9:40 Junk bonds
10:06 Tech
10:28 How to
11:49 Energy
12:23 Anadarko
14:03 Acquisitions
14:25 BRK vs S&P 500
15:25 Tesla

They even discuss Tesla insurance, Amazon, Google and the S&P 500.

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[Peek]

We are pretty damn privileged to be watching quality like this. Thank you Mr. Carlin.

[selby]

Thanks for condensing all of this for us Sven. You’re a legend!

[olanordmann]

Remember to like the video. Mr Carlin deserves a much larger audience. If somebody wants to learn more about finance I suggest Coursera, EdX and following this channel on YouTube.

[kikevert]

Mungers opinion on google: "I feel like a horse's ass for not identifying Google earlier"

[seanbrown]

Great summary, thank you for that. I've read RDs MP3 article and look forward to your take on how to invest in such scenarios.

[alrodriguex]

very professional---- setting the standard.---- thank you

[jcyxofp]

Sven as always great video. Thank you for making the summery!

[InvestingwithTom]

A time of the year we all look forward to. Thanks for the summary Sven!

[idstersha]

Thank you for your effort... Very high quality...

[maidirequello]

Great video Sven, a lot of info condensed here. Would you give some more details on the "different way of arbitrage"?

[seanlynch]

Great video Sven I really enjoyed it. If one wanted to expand ones circle of competence what's the best way to do it? Is it by reading annual reports of companies in those sectors? Or how else would you recommend?

[Bogdanbmm]

looking fw for your coverage of this year's AGM :D

[InvestingwithTom]

Hi Sven, I'd be interested to hear your thoughts on arbitrage examples mentioned at the end. Share price at a discount to buyout price and dual share class arbitrage (eg. BRK.A and BRK.B arbitrage) come to mind, but I must be missing some others?

[Bogdanbmm]

Sven, what do you think about going into Short Puts on 3M, KO ?

The idea would be generating income and possibly a position into then if they drop. For example I am looking at KO deep OTM puts at 40 and 42.5 with Jan 2022 maturity. In the March 202 crash I bought some dirt cheap KO at 40 but did not have much capital back then.

Therefore, if KO drops to about 40 I would be happy to buy if it gets exercised, if not I keep the premium (around 250 usd on about 500 that has to be set aside until then, hence a 50% ROI).

I don’t we will see soon KO around 40, maybe many years or never ;)).

Thank you !

P.S. do you personally use options to hedge or sell puts or so ? how does Buffett use options overall ? I recall he sells puts too sometimes.

[mjc]

Thank you Dr Carlin :D - Will still listen (about half way thru due to time difference of start for me) but a great summary - For several years I wish they had Greg and Ajit on stage WITH them.. As shareholders I guess we all just continue asking.. But great to see Warren said he would consider it “it’s a good idea”.. I now understand why Ted and Todd should not be on stage - because clearly they don’t want to discuss what they are buying and selling, as Warren prefaces every meeting with “ask any question you like - except what we are buying and selling”...Good to hear Warren is now looking after his diet (although I’ll take that with a pinch of salt... I guess he is still dining on MCD every morning and Gorat’s steaks and corn still).. Loved Warren and Charlies comments at Bitcoin and TSLA

[andrear]

Hi Sven, excellent video as usual! I have a question for you, how is that possibile that Buffet invested on a stock (Cattolica Assicurazioni) of a country with negative growth like Italy? I would be very interested in you analyzing that stock or at least why you think he might have seen value in it :) Thank you very much for sharing.

[__Wanderer]

Incredible summary! Watched 1-2 hrs of the conference - glad you made a summary :D Was wondering what your thoughts were on the retail sector at the moment - in a previous video I though CHS might be an interesting stock but others such as SIG, NWL, TLRD, GME and M seem to be trading at very cheap multiples at the moment! Investment opportunity or falling knife? (edit* added GME)

[urosm]

maybe is silly question, I hope i can get an answet to. If i am buying the beijing airport shares is it the same if I'd buy on Frankfurt stock exchange or in america?

[unknowninfinium]

What is Svens favourite song?
"Started from the bottom now we here.."

Thanks for the video Sven.

[midge]

Thank you Sven! Have you read Ray Dalios latest post about modern monetary policy and what QE will look like in the next big down turn? Also the part about inflation is very interesting. Maybe nice topic for a video.