Munger and Buffett: Wise Words with Peanut Brittle
The first weekend of May just passed. That means I was in Omaha to attend Berkshire Hathaway's annual shareholder meeting along with 35.000 other people including Bill Gates and George Lucas . The meeting always begins with two or three new humorous short films starring Charlie Munger and Warren Buffett, Vice-Chairman and Chairman of Berkshire Hathaway respectively. There is the same serious short film every year as well; Warren Buffett's 1991 testimony to the congressional committee on the Salomon Brothers scandal. The film has a famous line from Buffett," Lose money for the firm and I will be understanding. Lose a shred of reputation and I will be ruthless." I wish more firms followed this philosophy. See my summary of the 2012 meeting here . Buffett and Munger on the stage. See the peanut brittle? Both Munger and Buffett are my heroes. I like Munger more for his multi-disciplinary thinking. The meeting is inspirational every