Berkshire Hathaway Annual Shareholder Meetings (since 1994) 2020-Full Session-BRK Annual Shareholders Meeting
04:28:15
Spanish Flu in Omaha
- Warren Buffett's father and family lived through the 1918 Spanish Flu.
- Omaha lost 1.5% of its population, similar to the national average.
American Resilience
- America has faced and overcome tougher problems than the current pandemic.
- The American spirit has always prevailed and will do so again.
Immigration to America
- Since 1789, people have consistently immigrated to America.
- This demonstrates the enduring appeal and opportunity of the United States.
Get the Snipd Podcast app to discover more snips from this episode
Get the app 1 chevron_right 2 chevron_right 3 chevron_right 4 chevron_right 5 chevron_right 6 chevron_right 7 chevron_right 8 chevron_right 9 chevron_right 10 chevron_right 11 chevron_right 12 chevron_right 13 chevron_right 14 chevron_right 15 chevron_right 16 chevron_right 17 chevron_right 18 chevron_right 19 chevron_right 20 chevron_right 21 chevron_right 22 chevron_right 23 chevron_right 24 chevron_right 25 chevron_right 26 chevron_right 27 chevron_right 28 chevron_right 29 chevron_right 30 chevron_right 31 chevron_right 32 chevron_right 33 chevron_right 34 chevron_right 35 chevron_right 36 chevron_right 37 chevron_right 38 chevron_right 39 chevron_right 40 chevron_right 41 chevron_right 42 chevron_right 43 chevron_right 44 chevron_right 45 chevron_right 46 chevron_right 47 chevron_right 48 chevron_right 49 chevron_right 50 chevron_right 51 chevron_right 52 chevron_right 53 chevron_right 54 chevron_right 55 chevron_right 56 chevron_right 57 chevron_right 58 chevron_right 59 chevron_right 60 chevron_right 61 chevron_right 62 chevron_right 63 chevron_right 64 chevron_right 65 chevron_right 66 chevron_right 67 chevron_right 68 chevron_right 69 chevron_right 70 chevron_right 71 chevron_right 72 chevron_right 73 chevron_right 74 chevron_right 75 chevron_right 76 chevron_right 77 chevron_right 78 chevron_right 79 chevron_right 80 chevron_right 81 chevron_right 82 chevron_right 83 chevron_right 84 chevron_right 85 chevron_right 86 chevron_right 87 chevron_right 88 chevron_right 89 chevron_right 90 chevron_right 91 chevron_right 92 chevron_right 93 chevron_right 94 chevron_right 95 chevron_right 96 chevron_right 97 chevron_right 98 chevron_right 99 chevron_right 100 chevron_right 101 chevron_right 102 chevron_right 103 chevron_right 104 chevron_right 105 chevron_right 106 chevron_right 107 chevron_right 108 chevron_right 109 chevron_right 110 chevron_right 111 chevron_right 112 chevron_right 113 chevron_right 114 chevron_right 115 chevron_right 116 chevron_right 117 chevron_right 118 chevron_right 119 chevron_right 120 chevron_right 121 chevron_right 122 chevron_right 123 chevron_right 124 chevron_right 125 chevron_right 126 chevron_right
Introduction
00:00 • 2min
What's New to Berkshire?
02:09 • 2min
Health and the Economy in the United States in the Months and Years to Come
04:15 • 2min
March Madness - A Flip of the Switch in a Big Way
06:27 • 2min
The Range of Possibilities of the Spanish Flu
08:29 • 4min
The Economic Future of the United States
12:24 • 2min
What Is on Slide One?
14:31 • 2min
The History of the United States
16:26 • 2min
The Wealth of the United States in 231 Years
18:18 • 3min
The Louisiana Purchase Was a Good Deal, but Not a Crazy Number
20:48 • 4min
The United States, in Real Terms, Has More Than 100 Trillion of Household Wealth
25:01 • 3min
The War in the United States
28:14 • 2min
The Great Depression
30:35 • 1min
The Dow Jones Average Closed at 38117 on September 3, 1929
32:04 • 2min
The Great Crash and the Bookworm
33:55 • 2min
The Stock Market Recovers Over 20% in the First Nine Months
35:32 • 3min
The FDIC Starts on January 1, 1934. And I'll Just Let Your Bill Run
38:12 • 2min
The FDIC and the Great Depression
40:01 • 2min
The FDIC Has Not Caused the American Taxpayer a Dime
41:52 • 2min
1929 Becomes a Symbol in People's Minds
43:36 • 1min
The Dow Was Only at About 280 at the Start of the Year, and That Was the Best Year I've Ever Had in the Stock Market
44:58 • 2min
Is This 1929 All Over Again?
47:07 • 2min
The Dow Was at 405, and We'd Gotten in This Incredible Trouble Before.
48:44 • 2min
The Stock Market Is High, but It's Not as High as It Looks
50:30 • 2min
We Are a Better Country Than We Were in 1789
52:40 • 3min
We've Moved in the Right Direction
56:04 • 2min
We Are a Better Society Than Existed in 1789
57:41 • 2min
We Are a Better Society, if You'll Move to the Next Slide
59:13 • 2min
What I Don't Know
01:00:53 • 2min
You Don't Know What's Going to Happen Tomorrow
01:02:26 • 2min
The Nuclear Threat Initiative
01:04:06 • 2min
Pandemics Don't Have Borders
01:05:45 • 2min
The American Tailwind
01:07:19 • 2min
What's Going to Happen Once in the Life of the Universe?
01:08:55 • 2min
Stocks Are a Small Part of a Business
01:10:45 • 1min
Stocks Are Parts of Businesses
01:12:14 • 2min
Investing in Stocks
01:14:17 • 2min
The Advantage of Buying Stocks
01:15:52 • 2min
You Can't Buy a Cross-Section of America.
01:17:52 • 2min
The American Tail Wind Is Wonderful
01:19:31 • 2min
I'll Bet on America the Rest of My Life
01:21:15 • 2min
The Right Time to Buy Stocks
01:23:27 • 2min
Berkshire's Operating Earnings for the First Quarter
01:25:26 • 2min
We'll Persuade a Week, Keep Ourself in an Extraordinary Position
01:27:00 • 2min
We're a Large Company, and We've Always Operated From a Position of Strength
01:29:16 • 3min
The Stock Market Is Closed as It Was in World War I, It's Not Going to Be
01:31:58 • 2min
The Fed Decided to Move in a Very Big Way
01:33:41 • 2min
Paul Volcker and Jay Powell - The Great Fed Chairman
01:35:18 • 2min
We Don't Know the Consequences of Doing Nothing
01:37:33 • 2min
What Berkshire Is Doing in the First Quarter
01:39:31 • 2min
I've Made a Mistake in Investing in the Airlines Business
01:41:14 • 2min
The Airline Business, and I May Be Wrong, but I'm Looking Forward to Flying
01:43:13 • 2min
The Airline Business Is Going to Be Hurt Significantly
01:44:49 • 2min
Warren Buffett, Chairman of the Board of Directors of Berkshire Hathaway
01:46:22 • 2min
The Meeting of Shareholders of Class a Berkshire Hathaway Common Stock
01:48:13 • 4min
The Compensation Per Chair Hathaway's Executive Officers
01:51:46 • 2min
The Motion to Approve on an Advisory Basis, the Compensation Paid at the Company's Named Executive Officers
01:53:23 • 2min
The Boards of Trustees of the New York City Employees Retirement System
01:55:20 • 2min
I'm Not in Sync With the Controller on the Specifics of This Motion
01:57:10 • 2min
The New York City Comptroller's Proposal for a Diversity Search
01:58:41 • 6min
The Motion Is Now Ready to Be Acted Upon, Mr. Jackson.
02:04:48 • 1min
Warren Buffett, Is Berkshire Hathaway Selling Its Interests in Four Airlines? And Can the Names of Those Airlines Be Identified?
02:05:59 • 2min
The World Has Changed for the Airlines, I Don't Know How It's Changed
02:07:38 • 2min
Are You Selling Your Whole Stake in All Four Airlines?
02:09:26 • 2min
Why You Shouldn't Buy Stocks Today
02:11:37 • 2min
Buying Stocks - You Don't Need to Pick the Bottom and Nobody Can Pick It for You
02:13:16 • 2min
Warren Buffett, I'm a Header Behind on a Stock You Buy on Monday Morning or the Market?
02:15:14 • 2min
The 462 Is Essentially Meaningless and It Probably Was Not Mine
02:16:53 • 2min
Is There a Shortage of Funds at Rates?
02:18:39 • 2min
What's Happening Around Berkshire Hathaway?
02:20:36 • 2min
Would Berkshire Consider Subsidizing Any Company With Shareholders' Money?
02:22:23 • 2min
Getting Market Share Is Not Their Number One Problem
02:23:57 • 2min
We'll Never Get Ourself in a Position Where It Needs Money
02:25:44 • 2min
What Are the Implications of the Coronavirus Pandemic?
02:27:21 • 2min
Is There a Pandemic in Berkshire?
02:29:38 • 2min
C's Is an Interesting Example, Because We Love It.
02:31:20 • 2min
What's Happening in the Last Few Months?
02:33:04 • 2min
We're Financing the Enterprise, Which Does Have Them
02:34:40 • 1min
What's Next for Berkshire Hathaway?
02:36:08 • 2min
Do You Think We Will Continue to Hold It?
02:38:02 • 2min
Precision Cast Parts
02:39:50 • 2min
Precision Cast Parts
02:41:45 • 2min
Will GEICO Experience Unexpected High Profitability in 2020?
02:43:29 • 2min
The Effects of COVID-19 on Our Insurance Business
02:45:52 • 3min
Business Interruption Coverage
02:48:58 • 1min
Is Berkshire Offering Pandemic Coverage?
02:50:27 • 2min
Pandemic Insurance - We're Not Going to Make That Deal
02:52:47 • 2min
Will Berkshire Outperform the S&P 500 During Downturns?
02:54:25 • 5min
Do You Have a Problem Business?
02:59:18 • 2min
The World Left Trading Stamps Behind Her
03:01:13 • 2min
Is the Day of Passive Investing Over?
03:03:36 • 4min
The Money Is in Selling, Not in Managing
03:07:14 • 2min
You Can't Guarantee It, but We Have a Great Chance
03:09:39 • 2min
The Advantages and Disadvantages of Size
03:11:57 • 3min
Capital Allocation in Berkshire Hathaway Energy
03:15:22 • 6min
The Occidental Anadarkov Acquisition
03:21:11 • 2min
Is There a Risk of Permanent Loss of Capital in the Oil Equity Investment?
03:23:28 • 3min
Oil Prices
03:26:08 • 2min
Is There a Risk in Your Equity Put Contracts?
03:27:42 • 2min
Is There Anything We Can Do About It?
03:29:34 • 2min
Are You Concerned About Berkshire's Long-Term Health?
03:31:47 • 2min
How to Break Up a Diverse Company Without Tax Implications
03:33:32 • 5min
Can You Keep Doing What We're Doing Now?
03:38:29 • 2min
Are We Going to Have a Negative Interest Rate?
03:40:06 • 3min
Capital Intensive Businesses Are Not as Good as They Used to Be
03:42:37 • 2min
The Insurance Business Is Worth a Lot of Money and It Doesn't Take Capital
03:44:25 • 3min
Is the US Government Defaulting on Its Bonds?
03:47:06 • 2min
Is the US Government Going to Increase the Limits on Debt?
03:48:41 • 3min
Buybacks and Dividends - You're Giving Money Out of the Business
03:51:20 • 2min
Should You Repurchase Shares?
03:53:09 • 2min
Buybacks
03:54:59 • 2min
Is Berkshire Going to Split a Shares?
03:56:42 • 1min
Is There a True Banker Who Avoids Doing Dumb Things?
03:58:10 • 2min
The Banks Are Not the Problem
04:00:38 • 2min
I Don't See Special Problems in the Banking Industry Now.
04:02:26 • 1min
Is There a Pandemic in the Banks?
04:03:53 • 2min
Is It More Committing to Buy Berkshire Shares Now?
04:06:05 • 2min
Credit Cards - What Should I Do With My Money?
04:08:24 • 2min
Don't Be Paying Even 12% for Money
04:10:20 • 2min
Payroll Protection Plan
04:12:38 • 1min
The Pandemic Will Graduate a New Class of War Veterans
04:14:04 • 2min
We Are a Rich Country, Rich, Rich
04:16:06 • 2min
Are You Taking Care of Your Children?
04:17:58 • 4min
Capitalism and the Market System
04:22:00 • 2min
Is There a Lot of Randomness in the Capitalist System?
04:24:18 • 2min
I'll Be the Other Two Feeling Fine of the Three
04:26:43 • 2min
2020-Full Session-BRK Annual Shareholders Meeting