(April 30, 2011) Warren Buffett says his “best deal” was hiring Ajit Jain to run Berkshire Hathaway’s reinsurance operations.
(April 30, 2011) Warren Buffett wants his son Howard to serve as independent chairman of Berkshire Hathaway after his death. He explains why this is especially important in light of Berkshire executive David Sokol’s improper actions and subsequent resignation.
(May 1, 2010) Warren Buffett describes Berkshire Hathaway’s stance on ethics and what the company does to guard against “bad behavior.”
(May 1, 2010) Warren Buffett explains why Berkshire doesn’t have a standard procedure for determining how much the CEOs of its subsidiaries are paid.
Buffett explains why he doesn’t agree with the SEC’s fraud charges against Goldman Sachs. He also sees signs of recovery for a “sputtering” economy and sharply criticizes Kraft’s purchase of Cadbury. Munger makes the case that McDonald’s has “succeeded better as an educator” than the nation’s universities. Warren Buffett accepted an interview on Fox business news... Continue Reading →
As the country continued to stagger just months after the credit crisis exploded, Buffett endorses the government’s response to “a situation that was as close to a total meltdown throughout the financial system as I think you can imagine.” He details how GEICO benefited from the crisis, and predicts a full housing recovery will take... Continue Reading →
(May 2, 2009) Warren Buffett explains why he thinks bringing his successor to Berkshire Hathaway headquarters would be “a waste of talent.”
(May 2, 2009) Warren Buffett says he wants people who own Berkshire stock to have the same philosophical framework he does when it comes to investing.
(May 2, 2009) Berkshire Hathaway is known for holding stocks for the long-term--but there are exceptions to that rule. Warren Buffett outlines the few situations in which Berkshire would sell.
(May 3, 2008) Actress Susan Lucci makes an appearance at the Berkshire meeting, joking that she has swapped jobs with Warren Buffett. Buffett returns, however, when Lucci starts describing the changes she’s planning for the company.
Warren Buffett sounds the alarm about “too big to fail” financial firms that have taken on too much risk to manage, and Munger call the housing bubble a “particularly foolish mess.” They also urge investors to quickly take advantage of market dislocations because they don’t last long, and Buffett worries about what he calls the... Continue Reading →
(May 3, 2008) Warren Buffett explains how consistency helped him and Charlie Munger gradually build Berkshire Hathaway into what it is today.
(May 5, 2007) Warren Buffett and Charlie Munger describe what they are looking for in Berkshire managers and why the right people are hard to come by.
Buffett expects “suffering” in the subprime mortgage market, but doesn’t see it as a “huge anchor” for the economy. Munger partially blames “evil and stupid” accountants. He and Buffett also debunk the commonly-held belief that volatility is a measurement of risk, and Buffett explains why he is “outsourcing” his philanthropy.
(May 6, 2006) Warren Buffett of Berkshire Hathaway explains why his successor, who will come from within Berkshire, won’t need any formal training.
Warren Buffett and Charlie Munger explain why they are very enthusiastic about Berkshire’s purchase of Israeli toolmaker ISCAR. They also discuss rising real estate prices, warn against speculative commodity bubbles, and tell investors not to let the markets “instruct” them.
(April 30, 2005) Warren Buffett talks about how he evaluates managers and explains why they must have a passion for their business that “extends beyond their paycheck.”
(April 30, 2005) Warren Buffett explains why Berkshire has been successful at managing a diverse portfolio of companies and why his successor won’t have a hard time taking on this responsibility.
Buffett warns of “pretty serious consequences” as house prices soar. He also reminds investors they don’t get the benefit of a “degree of difficulty” adjustment, recalls how he first became interested in investing when he was a child, and explains why a good public school system is a lot like virginity, as Munger attacks “stupid... Continue Reading →
(May 1, 2004) Warren Buffett talks about his succession plan and weighs in on whether Bill Gates could serve as Berkshire’s future chairman.
Buffett strongly defends himself from an accusation by CalPERS that it’s a conflict of interest for him to be on Coca-Cola’s board. He also reveals why many CEOs are paid too much, admits to a mistake that cost the company $10 billion, explains why temperament is more important for investing than intelligence, and discusses his... Continue Reading →
Buffett issues what he calls a “wakeup call” that the ballooning and thoughtless use of risky derivatives could contribute to a future financial crisis. He also compares Berkshire’s success to a snowball, specifies the one key trait he looks for in managers, tells why he doesn’t take a “performance fee,” and defines “success” and “happiness.”... Continue Reading →
(May 3, 2003) Warren Buffett and Charlie Munger talk about the importance of sticking to what they know when making investment decisions.
Eight months after September 11, 2001, Buffett explains how Berkshire and other insurers have begun to protect themselves financially from catastrophic terrorist attacks that could destroy the industry. He also has advice on how to pick friends and business partners, reveals how to stay in your “circle of competence,” and answers a very young shareholder... Continue Reading →
With the internet bubble deflated, Buffett discusses why he is less worried about the threat of the internet to his retailers, but still sees it as a big opportunity for other businesses in the Berkshire family. He and Munger also explain why betting a stock will go down in price is “tempting” but “painful,” warn... Continue Reading →
(April 29, 2000) Warren Buffett is always thinking about what could go wrong, as he sees businesses as economic castles that are “subject to marauders.”
(April 29, 2000) Warren Buffett explains why Berkshire doesn’t sell its businesses “simply because we get offered a fancy price for something.”
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... Continue Reading →