Hektor Posted May 2 Posted May 2 6 minutes ago, CorpRaider said: OH he's getting way in the weeds. Meeting individually with the GEICO tech people. I bought the decentralization/Roman empire stuff. I guess Greg is telling everyone that he really knows his stuff.
AzCactus Posted May 2 Posted May 2 I also find Greg more willing to publicly talk about areas the company needs to improve. He does give praise but it seems a bit more guarded.
fareastwarriors Posted May 2 Posted May 2 32 minutes ago, mengan said: Ajit needs better fitted suit. He's funny. I like it. More Ajit!
mengan Posted May 2 Posted May 2 Terrible question by that activist. She should come here to Germany.
Blake Hampton Posted May 2 Posted May 2 Ajit is awesome. I would love to hear him answer more questions. That activist girl represents exactly the kind of thinking that got Trump elected. We need to find a way to cut off the oil and gas to all these ignorant people who think Berkshire is "destroying their future" by using it. I'm curious to see how long they'd last. It seems Californian thinking has reached the Midwest.
Blake Hampton Posted May 2 Posted May 2 This may sound weird, but Ajit's mannerisms while he's speaking make him so interesting to listen to and watch.
Xerxes Posted May 2 Posted May 2 39 minutes ago, Blake Hampton said: This may sound weird, but Ajit's mannerisms while he's speaking make him so interesting to listen to and watch. I don’t think that is mannerism. it is probably a neural condition. That wasn’t there couple years ago. Or was there but it is worse.
Blake Hampton Posted May 2 Posted May 2 You know what I think one of Buffett's most important qualities is? He can stare directly into the deepest, darkest abyss, spending an extended period analyzing and understanding what is actually happening, and ultimately come to a logical conclusion without going crazy. I imagine this quality also extends to alternate contingencies in his mind where he visualizes the outcomes of potential large mistakes, which is likely why he very rarely makes them. I've found that many people are unable to do this; they usually spiral in one of two directions: complete collapse or the arrogance of saying, "That could never happen."
aws Posted May 2 Posted May 2 We got through the Q&A without anyone making their kid read their question for them.
zarley Posted May 2 Posted May 2 Haven't been able to watch the meeting today, but did look at the Q1 numbers. I see Pilot has slipped to a pre-tax loss for the quarter. Has there been any discussion of Pilot at the meeting? Pilot has been a bit of a disaster since the purchase and I'd love to know if they've discussed what the near-term outlook is and when/if that core business can turn around.
mengan Posted May 2 Posted May 2 11 minutes ago, zarley said: Haven't been able to watch the meeting today, but did look at the Q1 numbers. I see Pilot has slipped to a pre-tax loss for the quarter. Has there been any discussion of Pilot at the meeting? Pilot has been a bit of a disaster since the purchase and I'd love to know if they've discussed what the near-term outlook is and when/if that core business can turn around. According to the 10Q, they are related to losses from commodity hedges.
zarley Posted May 2 Posted May 2 1 minute ago, mengan said: According to the 10Q, they are related to losses from commodity hedges. Yes. There's been similar language in the 10K as well. But, in 2023 Pilot had Revenue of $51.7 billion and pre-tax profits of $968 million. FY 2025 they had revenue of $42.2 billion and pre-tax profits of $192 million. It's been a steady decline in the business with very general discussion of why. And Q1 has slipped to a loss. That's a bit concerning for a business Berkshire paid over $13 billion for. Will eventually listen to the meeting; just curious if it has come up.
mengan Posted May 2 Posted May 2 (edited) 5 minutes ago, zarley said: Yes. There's been similar language in the 10K as well. But, in 2023 Pilot had Revenue of $51.7 billion and pre-tax profits of $968 million. FY 2025 they had revenue of $42.2 billion and pre-tax profits of $192 million. It's been a steady decline in the business with very general discussion of why. And Q1 has slipped to a loss. That's a bit concerning for a business Berkshire paid over $13 billion for. Will eventually listen to the meeting; just curious if it has come up. Seems to be in deep turnaround/restructuring. If they manage to turn it around, there should be quite a lot of operating leverage. Edited May 2 by mengan
John Hjorth Posted May 2 Posted May 2 4 hours ago, Blake Hampton said: This may sound weird, but Ajit's mannerisms while he's speaking make him so interesting to listen to and watch. 3 hours ago, Xerxes said: I don’t think that is mannerism. It is probably a neural condition. That wasn’t there couple years ago. Or was there but it is worse. I think exactly as @Xerxes. This 'mannerism' is like a gay man, who sits and has an urgency to show off how beautiful his fingernails are manicured. The way he tries to keep it under control is that his hands constantly seek each other, to keep the shaking of both hands under control. No talk about Ajit Jains runway, by the way.
sleepydragon Posted May 2 Posted May 2 56 minutes ago, John Hjorth said: I think exactly as @Xerxes. This 'mannerism' is like a gay man, who sits and has an urgency to show off how beautiful his fingernails are manicured. The way he tries to keep it under control is that his hands constantly seek each other, to keep the shaking of both hands under control. No talk about Ajit Jains runway, by the way. It’s the well water at stamford ct i live in near by town. There were a big news a few years back almost all well water in Stamford is polluted with pesticides
Ballinvarosig Investors Posted May 2 Posted May 2 Ajit is clearly a very intelligent person, but let's be honest, who the F fitted his suit? 1
Blake Hampton Posted May 2 Posted May 2 Buffett today (on Greg Abel): "He's getting his American citizenship very soon." Outside Berkshire HQ Monday morning:
Blake Hampton Posted May 2 Posted May 2 Munger slipped up and let the world know that Abel was the incoming CEO. Buffett slipped up and got Abel deported.
cubsfan Posted May 2 Posted May 2 5 hours ago, aws said: We got through the Q&A without anyone making their kid read their question for them. LOL - that has to be a first!
NoCalledStrikes Posted May 2 Posted May 2 1 hour ago, Ballinvarosig Investors said: Ajit is clearly a very intelligent person, but let's be honest, who the F fitted his suit? As someone with a neurological disease myself, I don't find it funny at all, but I admire his determination to keep working and suffer fools in spite of it all. 1
CanadianMunger Posted May 3 Posted May 3 4 hours ago, Ballinvarosig Investors said: Ajit is clearly a very intelligent person, but let's be honest, who the F fitted his suit? Dude do yourself a favor and edit or delete this post, it's really in poor taste
mengan Posted May 3 Posted May 3 8 hours ago, sleepydragon said: It’s the well water at stamford ct i live in near by town. There were a big news a few years back almost all well water in Stamford is polluted with pesticides It is obviously getting worse each year. I hope he is seeing a doctor.
Charlie Posted May 3 Posted May 3 The transcript of the Buffett interview: https://www.cnbc.com/2026/05/02/cnbc-transcript-berkshire-hathaway-chairman-warren-buffett-sits-down-with-cnbcs-becky-quick-during-the-2026-berkshire-hathaway-annual-meeting-today-.html
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