Showing posts from May, 2014

The Best ROI on Education: The Berkshire Hathaway Shareholder Meeting

Line to get in at 6:15AM. By the way, the meeting is at a stadium!  You can't get enough of Munger. He might be the smartest man alive. I was in Omaha last weekend to attend the "Woodstock of Capitalism" i.e. Berkshire Hathaway annual shareholder meeting. This year, 38,000 people showed up to acquire wisdom from Charlie Munger and Warren Buffett. This is my 7th or 8th time at the meeting and I am as impressed as the first time . See my notes from the last year's meeting  here .  Line to get in at 6:30AM Following are the pearls of wisdom I gathered this year:  Inside the stadium at 7:15AM. Q&A begins at 9:30AM Timing  1. Berkshire always releases earnings on Friday after the market-close so that people have time to read and digest the information over the weekend before they trade.  Insurance Business 2. Changes in insurance underwriting do not matter quarter to quarter. It is a long-term bu