Buffett would agree with everything you said, which means we're really just talking a term, a semantic. These are not numbers, these people who run these businesses. You have to have a sense of whether or not they're going to stick with you. That's about experience in meeting business owners and learning who to have confidence in and who not to. To me, what I'm saying is subjectivity is not gone, but it has nothing for me to do with rationality or irrationality.
With the 2023 edition of the Berkshire Hathaway annual shareholders’ meeting in the books, it’s time to review the takeaways from the event. In an era of heightened uncertainty for markets around the world, what can we glean from the words of Buffett et al?
The weekend saw over 30,000 investors descend upon Omaha to hear from the megacorp’s leadership and vie for the chance to pose a question to some of the world’s most successful business magnates.
Covering topics ranging from AI and technology to geopolitics and the role of emotion in finance, the meeting’s Q&A session left attendees and listeners with a lot to digest.
On this episode of InvestED, Phil and Danielle break down their takes on Berkshire’s big gathering and parse the wisdom from a couple of value investing heavy hitters.
To learn more about Buffett, Munger, and others, click here for a free copy of the The Best Investors in the World: https://bit.ly/41kGW2g
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