2011 Berkshire Hathaway Annual Meeting (Full Version)

Berkshire Hathaway annual shareholder meeting (April 30, 2011)
Video combines Morning session & Afternoon session.

[SeenaAbedi]

1:00:25 Warren is asked if he'd be able to live another 50 years and could add one additional sector or asset class to his circle of competence, which sector would it be and why?

[SeenaAbedi]

3:45:10 Question regarding BRKs purchase of Lubrizol without allowing them to do an auction. Did the board of Lubrizol breach it's fiduciary duty by not running a more competitive process to sell the company.

[SeenaAbedi]

1:35:57 "I predict that the day that BRK declares a dividend, the stock will go down and it should go down because it's an admission essentially that a compounding machine has lost it's ability to continue on that course."

[SeenaAbedi]

20:21 Warren mentions David Sokol situation with Lubrizol stock.

[SeenaAbedi]

3:56:55 Question regarding the debt ceiling.

[pongfoong]

Call owner ttb bank mbk shopping mall told them pls deposit ba bath on them bank it dept thing to do right?

[SeenaAbedi]

1:18:06 Richard Holland asks Warren why he's so optimistic about America's future when it seems to be in shambles and Warren goes on to give an explanation as to why he doesn't see it that way.

[pongfoong]

You sould to talk with the bank ttb manager about the ba cash can deposit on the bank?if you can not deal .you can not berk ok mei grandren?

[pongfoong]

Bank ttb didn’t get ba cash cannot deposit the cash.

[SeenaAbedi]

51:16 Tom Murphy always told the people at cap cities : “You can always tell a man to go to hell tomorrow if it’s such a good idea.”

[SeenaAbedi]

4:01:30 “I remember we had an era where we had a bipartisan foreign policy and I like that era. That was the martial plan and a lot of wonderful constructive things. Now it seems to me that both parties are trying to compete to see who can be the more stupid and they keep topping one another. “

[pongfoong]

No you can not berk grandren if you don’t work that deal?

[pongfoong]

If you deal the Thai ttb bank for me can deposit cash after that you can berk ok?

[pongfoong]

Beck cash that terrible thing to do right?

[pongfoong]

I can deposit cash when you can berk immatdately ok?

[pongfoong]

Deal the ttb bank after I can deposit you can berk ok?

[SeenaAbedi]

2:53:37 " I think you can confidently expect a new mess or two before your career is over and I think it is really stupid for our country to have allowed this. Partly the failure isn't one of evil but one of stupidity and part of the stupidity is in our great academic institutions who believe in a whole lot of things that aren't true and that is a really hard problem to solve. "

Particularly in finance and economics.

[SeenaAbedi]

3:31:34 Warren Buffett and Charlie Munger where on a plane that was hijacked.

[SeenaAbedi]

56:58 The bible says, the meek shall inherent the earth but the question is, will they stay meek?

[pongfoong]

Work pls tomorrow I gonna asking you again grandren grandlee