cm2 Posted April 9, 2019 Share Posted April 9, 2019 I will be in Omaha May 1 - 5, interested in meeting with professional investors, groups. Would really like to meet Charlie Munger, DJCO meeting was on Valentines Day (my wedding anniversary) this year. Serious PMs appreciated. Link to comment Share on other sites More sharing options...
Jurgis Posted April 17, 2019 Share Posted April 17, 2019 My trip crammed with meetings with big name investors - still looking for more, and Munger You've got to meet Mr. Big? Ask him about Maxim models and Saint-Tropez cafe. Link to comment Share on other sites More sharing options...
Kuhndan Posted April 19, 2019 Share Posted April 19, 2019 I haven’t received this year’s annual report. Curious if other shareholders on the board have received theirs and if so when? Link to comment Share on other sites More sharing options...
MarioP Posted April 19, 2019 Share Posted April 19, 2019 I live in Canada and received it last week Link to comment Share on other sites More sharing options...
kiwing100 Posted April 25, 2019 Share Posted April 25, 2019 FYI, for those attending the meeting in Omaha https://www.facebook.com/groups/405832560147904/?ref=gs&fref=gs&dti=754138784714366&hc_location=group Link to comment Share on other sites More sharing options...
kiwing100 Posted May 3, 2019 Share Posted May 3, 2019 For those not attending Omaha but want to watch the annual meeting ... FYI - https://finance.yahoo.com/brklivestream/ Link to comment Share on other sites More sharing options...
Jurgis Posted May 4, 2019 Share Posted May 4, 2019 For those not attending Omaha but want to watch the annual meeting ... FYI - https://finance.yahoo.com/brklivestream/ Just FYI my Firefox does not load video in this. Opera does. Link to comment Share on other sites More sharing options...
Spekulatius Posted May 4, 2019 Share Posted May 4, 2019 I enjoy watching this, but I hate people fronting their kids for questions. Link to comment Share on other sites More sharing options...
Gamecock-YT Posted May 4, 2019 Share Posted May 4, 2019 I enjoy watching this, but I hate people fronting their kids for questions. very much so Link to comment Share on other sites More sharing options...
Nomad Posted May 4, 2019 Share Posted May 4, 2019 I enjoy watching this, but I hate people fronting their kids for questions. very much so +2. Happened last year too. Your kid is not "special" or "precocious" because she can read from a script that you prepared, and nobody thinks it's "cute" rather than just simply annoying. It does seem like there has been a general deterioration in the quality of the questions over the past few years. Link to comment Share on other sites More sharing options...
sleepydragon Posted May 4, 2019 Share Posted May 4, 2019 The kid probably has Brk shares under her name, maybe even more shares that what you own. I think she has every rights to ask questions, same rights as everyone else. Even though her parents may have helped with the questions, she still participated. You guys need to learn more from Warren and Charlie, on their having a generous spirit toward people and have a kind heart. . Link to comment Share on other sites More sharing options...
Guest longinvestor Posted May 4, 2019 Share Posted May 4, 2019 The kid probably has Brk shares under her name, maybe even more shares that what you own. I think she has every rights to ask questions, same rights as everyone else. Even though her parents may have helped with the questions, she still participated. You guys need to learn more from Warren and Charlie, on their having a generous spirit toward people and have a kind heart. . +1 Besides it’s great to bring down the average age in the arena. All 3 kids who asked questions spoke lucidly with the exception of pronouncing entrepreneur. It was quite refreshing and perhaps life changing experience for each of them. Link to comment Share on other sites More sharing options...
rranjan Posted May 5, 2019 Share Posted May 5, 2019 I think kids asking questions is fine. It's not as if adults are asking great questions all the time. One question asked by a kid had 3 pages of write up as a back ground before getting into actual question. That can get annoying. Link to comment Share on other sites More sharing options...
valueinvesting101 Posted May 5, 2019 Share Posted May 5, 2019 I think question about ceiling of 10% holding was interesting. I think, Munger's eager response indicates that they really want to increase their position in banks such as WFC, USB and may be others if allowed. Link to comment Share on other sites More sharing options...
kiwing100 Posted May 6, 2019 Share Posted May 6, 2019 ICYMI, full recording of BRK AGM: Link to comment Share on other sites More sharing options...
Jurgis Posted May 6, 2019 Share Posted May 6, 2019 It's interesting that Todd and Ted were not at the meeting. Or at least they did not admit they were there... ::) Link to comment Share on other sites More sharing options...
Guest longinvestor Posted May 6, 2019 Share Posted May 6, 2019 The FAA’s frequently answered answers during the meeting were, 1. Thanks for your suggestions on xyz but we’re not about to change. 2. We’re not in the investment advisory business 3. How come you didn’t figure out anti-gravity Link to comment Share on other sites More sharing options...
Liberty Posted May 6, 2019 Share Posted May 6, 2019 For those who want to listen to the audio, there's a podcast version here: https://podcasts.apple.com/ca/podcast/berkshire-hathaway-2018-annual-shareholders-meeting/id1233777301 Link to comment Share on other sites More sharing options...
Guest roark33 Posted May 6, 2019 Share Posted May 6, 2019 Did anyone find a transcript of the meeting? I am sure one will pop up.... Link to comment Share on other sites More sharing options...
Spekulatius Posted May 7, 2019 Share Posted May 7, 2019 BRK -3% today -looks like the annual post shareholder meeting stock price slump has started for BRK. Maybe another opportunity to buy shares in the $195 range. Link to comment Share on other sites More sharing options...
shalab Posted May 7, 2019 Share Posted May 7, 2019 Certainly hope so - I was expecting a lot of negative headlines but found only one in bloomberg that said "Buffett Confronts Tech-Driven Change Amid Investor Questions". Disappointed to say the least. Now we need more seeking alpha articles and the "globe and mail" folks disseminating investing advice to sell Berkshire in favor of their favorites. BRK -3% today -looks like the annual post shareholder meeting stock price slump has started for BRK. Maybe another opportunity to buy shares in the $195 range. Link to comment Share on other sites More sharing options...
DanielGMask Posted May 8, 2019 Share Posted May 8, 2019 Did anyone find a transcript of the meeting? I am sure one will pop up.... Here it is!BRK_2019.pdf Link to comment Share on other sites More sharing options...
CorpRaider Posted May 10, 2019 Share Posted May 10, 2019 Ok, so I was working on a post that was just going to be a simple thought experiment about BRK versus the S&P 500 going forward and questions around size and of course then I get bogged down citing Buffett partnership letters and Charlie's interview with the Journal (which was fabulous BTW) and then I notice a guy at the annual meeting kind of asked them about what I was thinking, but Buffett basically pretended (imop) not to follow the question about financial leverage/float. So, if you had new BRK and it had $500 billion in assets and you invested everything in the S&P 500 and then just applied the leverage (1.6x?) from the float would you not outperform over the long term assuming positive returns in the S&P 500 and free or negative costs to the float? What would be the logical limit of this? Maybe growth until the insurance operation keeps growing until it becomes too large and you start writing money losing business/calls on capital that coincides with a sell off in the market/economic recession (i.e., removing the two assumptions above)? Link to comment Share on other sites More sharing options...
sleepydragon Posted May 10, 2019 Share Posted May 10, 2019 When you apply the leverage, what is the interest of the margin loan you will be charged at? It will be between 4-8% depending on your broker. Also, in years 2008, you could get margin calls and sell at the rock bottom low. Link to comment Share on other sites More sharing options...
CorpRaider Posted May 10, 2019 Share Posted May 10, 2019 I must have done a poor job communicating. Assume the margin rate is +5% (you are getting paid to borrow) if you are operating an insurance business as a .95 combined ratio, it is not callable, or at least totally uncorrelated. The thought experiment is how does it not outperform the index by 1.X times the leverage assuming positive equity returns and that the insurance operation doesn't get so big that it starts writing AIG trash (which I think would be the theoretical limit on that side of the B/S; on the other side it might be that you become so big you make huge market impacts when you move $$$). [so maybe under that scenario you are looking at a 12-16% CAGR for a long-ass while versus historical 20 something.] Link to comment Share on other sites More sharing options...
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