Jim Boulden: Warren Buffett said what gives you opportunities is other people doing dumb things. He says there's more money looking for returns in the market, creating lots of competition to get a good return. But that doesn't mean they're making the same types of mistakes as when they first started, he says. The way people go about investing has changed over time, but people are still flawed in very predictable ways and I think that's what creates opportunities and markets.
When Warren Buffett speaks, investors and Wall Street tend to listen.
(00:21) Jason Moser discusses: - Berkshire Hathaway's 1st-quarter results and highlights from the annual meeting - Buffett's comments about Apple and the banking industry - Charlie Munger's warning about over-diversification
(9:51) In a segment that originated in the Motley Fool Live videostream, Jim Gillies shares observations from his trip to Omaha for the Berkshire Hathaway annual meeting with Nick Sciple and Deidre Woollard. The three discuss whether value investing is actually harder for Buffett and Munger than it is for average investors.
Companies discussed: BRK.A, BRK.B, AAPL, TSE: HCG
Host: Chris Hill Guests: Jason Moser, Nick Sciple, Jim Gillies, Deidre Woollard Producer: Ricky Mulvey Engineers: Dan Boyd
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