Berkshire Hathaway Annual Shareholder Meetings (since 1994) 2002-Morning Session-BRK Annual Shareholders Meeting
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Dec 1, 2018 The podcast covers the logistics of the Berkshire Hathaway Annual Shareholders Meeting, the election of directors, a successful acquisition, the involvement of Mickey Newman, acknowledgments, a new series called 'Liberties Kids', Berkshire's turnover rate and increase in float, contracts, liabilities, asbestos liability, the impact of 9/11 on insurance, investing in banks, spotting fraud in public companies, building a textile business, the perception of the domestic fountain division, developing sustainable competitive advantages, avoiding biases in business decisions, and derivative accounting challenges.
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Mickey Newman's Influence
- Warren Buffett recounts how Mickey Newman helped him acquire Fruit of the Loom.
- Newman's insights and encouragement were crucial during the bankruptcy proceedings.
Andy Heyward's Cartoons and Series
- Andy Heyward creates cartoons for Berkshire Hathaway meetings, including one where Buffett is James Bond.
- Heyward is producing an animated series about American history, featuring Buffett as James Madison.
Float and Underwriting Profit
- Berkshire Hathaway's float increased significantly, achieving an underwriting profit in Q1 2002.
- Their goal is to continue growing float at minimal or no cost, which creates free money for investments.