Ep 450. Our Takeaways from the Berkshire Hathaway Meeting
Focused Compounding
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Exploring Berkshire's Operating Businesses and Future Prospects
The chapter delves into the competitive positions of Berkshire's fully owned operating businesses, highlighting Geico's success pre and post-merger with Berkshire, and noting slippage in other areas. Discussions also touch on banks, Berkshire's historical interest in the industry, the impact of rates on bank earnings, and the current disinterest among value investors. There's speculation on Berkshire's cap allocation strategy, a comparison of successful investors like Buffett and Munger, reflections on missed opportunities, and contemplations on Berkshire's future post-Buffett era.
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