2016-Afternoon Session-BRK Annual Shareholders Meeting

Introduction

How Long Will Howard Be Chairman of Berkshire?

Keeping Berkshire's Culture

The Culture of Berkshire

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

Are We Missing Any Investment Opportunities?

We Want Our Shareholders to Walk in the Shoes

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

1.2

Buy Back Stock

We're Getting Ready to Step on the Gas

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

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

The One Huge Disadvantage to Innovation

The Hero of the 20th Century, Leo Allard

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

The Additive Business Is Not a Growth Business.

Is There Anything More Important Than Microeconomic Factors?

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

How to Make a Personal Investment Versus a Berkshire Investment?

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

I Don't Want Berkshire to Be Zero

The Cash Flow of Berkshire Hathaway Energy

The Value of Cash Flow

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

You Don't Need the IQ in the Investment Business

Burshers Are Trying to Do This

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

Do You Have a Due Diligence Process?

The Importance of Due Diligence

Business Quality and Due Diligence

The Change in Leadership Structure and Succession Planning at Berkshire

Reinsurance Under Peter Gee'd

Ajita's Supervising, Charlie?

Warren Buffett, Do You Ever Get Any Good Horses?

How to Increase Revenues While Cutting Costs?

How to Make the Most of Your LEMLE Staffing

The Economics of Vantile

What's the Difference Between Zero and a Half?

Is It a Good Idea to Buy GEICO Solutions?

Taking a Long-Term View When Investing

Investing in Cattle

The Power of Incentives at Berkshire

The GEICO Incentive System

Profit of Seasoned Business, Growth of Policies in Force

What Makes Sense?

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

BNSF Is a Capital Intensity Business

Capital Expenditure - What's Happening in the Bakken?

The Oil Crisis in the U.S.

The Impact of the Decline in the Price of Oil

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

The Pressure for Cash at Berkshire

Are You Entitled to Unwind This Position?

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

The Impact on National Indemnity

The Value of the Managers, Charlie?

Is the Real Estate Market Frozen?

Is There a National Real Estate Bubble?

What Have You Learned From Charlie and Warren at Berkshire?

Is Berkshire a Bigger Investment Company?

IBM's Moat

Warren Buffett, Chairman of Berkshire Hathaway, Inc.

Nominations for the Board of Directors

The Nebraska Insurance Company Issues a Climate Change Report

Climate Change Risks - I'm the Chief Risk Officer

Climate Change

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

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

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

The Economic Costs of Climate Change

Is the Motion to Ajourn the Meeting?