This report provides a first hand account of proceedings at the annual meeting of Berkshire Hathaway, held in Omaha, Nebraska over the weekend of May 6-7th. It is based on verbatim notes taken by a leading British professional investor who has been a shareholder in Berkshire Hathaway and followed Warren Buffett's fortunes for many years.
The report summarises the main themes of the marathon Q and A session with Buffett and his longstanding business partner Charlie Munger that have become a regular feature of Berkshire Hathaway's AGMs. This year's event was attended by 24,000 shareholders, equivalent to the attendance at a medium-sized soccer match in Britain.
Some brief observations from the editor, Jonathan Davis, are included at the end of the report.
Jonathan Davis has been analysing and writing about financial markets for 25 years. After graduating from Cambridge, his early career was spent a a business journalist on national newspapers, including The Sunday Telegraph, The Times and The Economist.
Following a year at MIT's Sloan School of Management, where he wrote a thesis on the investment philosophy of Warren Buffett, he set up his own specialist publishing and consultancy business. He has been writing a popular column about investment in The Independent since 1995. His books include Money Makers, a study of successful professional investors, and a primer on the game of bridge.
He is chairman of Investor Publishing, which specialises in publishing high quality material on money and investment.
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