Introduction

Warren Buffett: At the formal meeting that will begin at 3.45, we will elect 14 directors. If they will stand, as I announce their name, would hold your applause. We'll do this alphabetically. Beginning with Greg Gable, if you'll stand. Stay standing. Howard Buffett. Steve Burke. Sue Decker. Bill Gates. Sandy Gottesman. Charlotte Geimann. Ajit Jane. Tom Murphy. Ron Olson. Walter Scott. And Merle Whitmer. This morning, we posted both our earnings and our 10th year. That includes no realized gains or losses on securities or on the few remaining derivatives that we have. It really is not representative of what