2016-Afternoon Session-BRK Annual Shareholders Meeting

1

Introduction

00:00 • 2min

2

How Long Will Howard Be Chairman of Berkshire?

01:33 • 2min

3

Keeping Berkshire's Culture

03:28 • 2min

4

The Culture of Berkshire

05:12 • 2min

5

Is There a Need for Diversity in Company Leadership and Staff?

06:47 • 2min

6

Are We Missing Any Investment Opportunities?

08:29 • 3min

7

We Want Our Shareholders to Walk in the Shoes

11:16 • 2min

8

Buying Back Shares at a Higher Breakpoint Than Berkshire's Book Value Per Share?

12:55 • 3min

9

1.2

15:31 • 4min

10

Buy Back Stock

19:25 • 4min

11

We're Getting Ready to Step on the Gas

22:56 • 2min

12

I'll Come Back. I'm Going to Be in Shape

25:05 • 2min

13

Is There a Problem Like CNBC, Nuclear, Chemical, and Chemical Attacks?

26:57 • 3min

14

The One Huge Disadvantage to Innovation

30:12 • 2min

15

The Hero of the 20th Century, Leo Allard

31:51 • 2min

16

Lubrizol Lubrikan Additive's Core Business Is Not a Growth Business

34:19 • 2min

17

The Additive Business Is Not a Growth Business.

36:25 • 2min

18

Is There Anything More Important Than Microeconomic Factors?

38:49 • 2min

19

We're the Kind of People That Find It Interesting in Every Business

40:52 • 2min

20

How to Make a Personal Investment Versus a Berkshire Investment?

42:50 • 2min

21

I Don't Own Any. And I Never Owned Any.

44:56 • 2min

22

I Don't Want Berkshire to Be Zero

46:30 • 2min

23

The Cash Flow of Berkshire Hathaway Energy

48:20 • 2min

24

The Value of Cash Flow

50:16 • 2min

25

Warren's Gift Is Being Able to Think Into the Crowd

52:04 • 2min

26

You Don't Need the IQ in the Investment Business

53:39 • 3min

27

Burshers Are Trying to Do This

56:18 • 2min

28

I Have Four Ants. And I Wish You Had a Few More.

58:00 • 2min

29

Do You Have a Due Diligence Process?

59:52 • 3min

30

The Importance of Due Diligence

01:02:28 • 2min

31

Business Quality and Due Diligence

01:04:25 • 2min

32

The Change in Leadership Structure and Succession Planning at Berkshire

01:06:26 • 2min

33

Reinsurance Under Peter Gee'd

01:08:34 • 2min

34

Ajita's Supervising, Charlie?

01:10:05 • 2min

35

Warren Buffett, Do You Ever Get Any Good Horses?

01:11:51 • 2min

36

How to Increase Revenues While Cutting Costs?

01:14:21 • 5min

37

How to Make the Most of Your LEMLE Staffing

01:19:12 • 3min

38

The Economics of Vantile

01:22:22 • 3min

39

What's the Difference Between Zero and a Half?

01:25:06 • 2min

40

Is It a Good Idea to Buy GEICO Solutions?

01:26:46 • 3min

41

Taking a Long-Term View When Investing

01:29:22 • 2min

42

Investing in Cattle

01:31:48 • 2min

43

The Power of Incentives at Berkshire

01:34:07 • 2min

44

The GEICO Incentive System

01:35:59 • 2min

45

Profit of Seasoned Business, Growth of Policies in Force

01:38:15 • 2min

46

What Makes Sense?

01:40:22 • 3min

47

BNSF's CapEx Is a Good Investment Opportunity for the Company

01:43:43 • 3min

48

BNSF Is a Capital Intensity Business

01:46:18 • 2min

49

Capital Expenditure - What's Happening in the Bakken?

01:48:39 • 2min

50

The Oil Crisis in the U.S.

01:50:28 • 2min

51

The Impact of the Decline in the Price of Oil

01:52:07 • 2min

52

Managing the Working Capital of a Business Segment So Large and Expansive

01:54:19 • 4min

53

The Pressure for Cash at Berkshire

01:58:08 • 3min

54

Are You Entitled to Unwind This Position?

02:00:42 • 3min

55

The CDS Is an Insurance Premium Against Our Debt That People Buy

02:03:53 • 4min

56

The Impact on National Indemnity

02:08:04 • 1min

57

The Value of the Managers, Charlie?

02:09:33 • 2min

58

Is the Real Estate Market Frozen?

02:11:19 • 3min

59

Is There a National Real Estate Bubble?

02:13:51 • 2min

60

What Have You Learned From Charlie and Warren at Berkshire?

02:15:22 • 2min

61

Is Berkshire a Bigger Investment Company?

02:17:39 • 2min

62

IBM's Moat

02:20:07 • 2min

63

Warren Buffett, Chairman of Berkshire Hathaway, Inc.

02:22:04 • 5min

64

Nominations for the Board of Directors

02:26:45 • 2min

65

The Nebraska Insurance Company Issues a Climate Change Report

02:29:15 • 2min

66

Climate Change Risks - I'm the Chief Risk Officer

02:31:31 • 4min

67

Climate Change

02:35:35 • 5min

68

We Will Not Write Catarassary Business in Florida Because They Want Us to Do Something Stupid

02:40:48 • 5min

69

What Are the Risks to the Insurance Division From Climate Change?

02:45:18 • 2min

70

I Don't Think It'll Impact in a Serious Way.

02:47:25 • 2min

71

The Economic Costs of Climate Change

02:49:01 • 4min

72

Is the Motion to Ajourn the Meeting?

02:53:29 • 3min