1997 Berkshire Hathaway Annual Meeting (Full Version)

Berkshire Hathaway annual shareholder meeting (May 5, 1997)
Video combines Morning session & Afternoon session.

[jussimatikainen]

Thanks a lot. These are gold. So smart stuff about markets and life :)

[SeenaAbedi]

3:34:20 Warren and Charlie explain that they never thought that the average earnings per company on the S&P could be 22 times earnings. They go on to explain that it is a mathematical fallacy in a finite world.

[SeenaAbedi]

4:43:07 on this day, BRK shares were priced around 38 000$

[SeenaAbedi]

1:54:30 "Imagine you where to be born 24 hours from now and you've been granted this extraordinary power to determine the economic rules of the society that you are going to enter and those rules are going to prevail for your life time, your children's lifetime and grandchildren's lifetime."

[SeenaAbedi]

1:35:32 Buffett is asked if he owns any tobacco companies. Warren and Charlie go on to explain why they decided not to get involved in that type of business.

[SeenaAbedi]

3:57:56 Warren is asked regarding his moral and ethical stance regarding Disney. Warren goes on to say that he would be delighted to expose his grand children the full range of Disney products and that he views nothing wrong with gay people being employed or receiving benefits.

[TargetedIndividual]

When he says he’s a bad student, he’s really saying “those guys are willing to lose it all, and I’m not”.

[SeenaAbedi]

1:23:36 "They say in this world, you can't get something for nothing but the truth is money managers in aggregate have gotten something for nothing, they've gotten a lot for nothing."

[SeenaAbedi]

1:26:15 This is the moment that Warren Buffett issues the challenge hedge funds and institutions.

[corneltrifu]

I wonder if anyone has tried to copy them and have been successful?