2000 Berkshire Hathaway Annual Meeting - Warren Buffett and Charlie Munger (Full Session)

Full 2000 Q&A session with Warren Buffett and Charlie Munger.
(April 29, 2000) Comparing the mania over internet stocks to a Ponzi scheme, Buffett says that while some early investors made money, eventually a stock will only be worth the profits it can generate over time. He also defends a big exit package for Coca-Cola’s CEO, explains how corporate governance reform may be inflating paychecks, and tells shareholders why his purchase of Berkshire was a big mistake.

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