2020-Full Session-BRK Annual Shareholders Meeting

Introduction

What's New to Berkshire?

Health and the Economy in the United States in the Months and Years to Come

March Madness - A Flip of the Switch in a Big Way

The Range of Possibilities of the Spanish Flu

The Economic Future of the United States

What Is on Slide One?

The History of the United States

The Wealth of the United States in 231 Years

The Louisiana Purchase Was a Good Deal, but Not a Crazy Number

The United States, in Real Terms, Has More Than 100 Trillion of Household Wealth

The War in the United States

The Great Depression

The Dow Jones Average Closed at 38117 on September 3, 1929

The Great Crash and the Bookworm

The Stock Market Recovers Over 20% in the First Nine Months

The FDIC Starts on January 1, 1934. And I'll Just Let Your Bill Run

The FDIC and the Great Depression

The FDIC Has Not Caused the American Taxpayer a Dime

1929 Becomes a Symbol in People's Minds

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

Is This 1929 All Over Again?

The Dow Was at 405, and We'd Gotten in This Incredible Trouble Before.

The Stock Market Is High, but It's Not as High as It Looks

We Are a Better Country Than We Were in 1789

We've Moved in the Right Direction

We Are a Better Society Than Existed in 1789

We Are a Better Society, if You'll Move to the Next Slide

What I Don't Know

You Don't Know What's Going to Happen Tomorrow

The Nuclear Threat Initiative

Pandemics Don't Have Borders

The American Tailwind

What's Going to Happen Once in the Life of the Universe?

Stocks Are a Small Part of a Business

Stocks Are Parts of Businesses

Investing in Stocks

The Advantage of Buying Stocks

You Can't Buy a Cross-Section of America.

The American Tail Wind Is Wonderful

I'll Bet on America the Rest of My Life

The Right Time to Buy Stocks

Berkshire's Operating Earnings for the First Quarter

We'll Persuade a Week, Keep Ourself in an Extraordinary Position

We're a Large Company, and We've Always Operated From a Position of Strength

The Stock Market Is Closed as It Was in World War I, It's Not Going to Be

The Fed Decided to Move in a Very Big Way

Paul Volcker and Jay Powell - The Great Fed Chairman

We Don't Know the Consequences of Doing Nothing

What Berkshire Is Doing in the First Quarter

I've Made a Mistake in Investing in the Airlines Business

The Airline Business, and I May Be Wrong, but I'm Looking Forward to Flying

The Airline Business Is Going to Be Hurt Significantly

Warren Buffett, Chairman of the Board of Directors of Berkshire Hathaway

The Meeting of Shareholders of Class a Berkshire Hathaway Common Stock

The Compensation Per Chair Hathaway's Executive Officers

The Motion to Approve on an Advisory Basis, the Compensation Paid at the Company's Named Executive Officers

The Boards of Trustees of the New York City Employees Retirement System

I'm Not in Sync With the Controller on the Specifics of This Motion

The New York City Comptroller's Proposal for a Diversity Search

The Motion Is Now Ready to Be Acted Upon, Mr. Jackson.

Warren Buffett, Is Berkshire Hathaway Selling Its Interests in Four Airlines? And Can the Names of Those Airlines Be Identified?

The World Has Changed for the Airlines, I Don't Know How It's Changed

Are You Selling Your Whole Stake in All Four Airlines?

Why You Shouldn't Buy Stocks Today

Buying Stocks - You Don't Need to Pick the Bottom and Nobody Can Pick It for You

Warren Buffett, I'm a Header Behind on a Stock You Buy on Monday Morning or the Market?

The 462 Is Essentially Meaningless and It Probably Was Not Mine

Is There a Shortage of Funds at Rates?

What's Happening Around Berkshire Hathaway?

Would Berkshire Consider Subsidizing Any Company With Shareholders' Money?

Getting Market Share Is Not Their Number One Problem

We'll Never Get Ourself in a Position Where It Needs Money

What Are the Implications of the Coronavirus Pandemic?

Is There a Pandemic in Berkshire?

C's Is an Interesting Example, Because We Love It.

What's Happening in the Last Few Months?

We're Financing the Enterprise, Which Does Have Them

What's Next for Berkshire Hathaway?

Do You Think We Will Continue to Hold It?

Precision Cast Parts

Precision Cast Parts

Will GEICO Experience Unexpected High Profitability in 2020?

The Effects of COVID-19 on Our Insurance Business

Business Interruption Coverage

Is Berkshire Offering Pandemic Coverage?

Pandemic Insurance - We're Not Going to Make That Deal

Will Berkshire Outperform the S&P 500 During Downturns?

Do You Have a Problem Business?

The World Left Trading Stamps Behind Her

Is the Day of Passive Investing Over?

The Money Is in Selling, Not in Managing

You Can't Guarantee It, but We Have a Great Chance

The Advantages and Disadvantages of Size

Capital Allocation in Berkshire Hathaway Energy

The Occidental Anadarkov Acquisition

Is There a Risk of Permanent Loss of Capital in the Oil Equity Investment?

Oil Prices

Is There a Risk in Your Equity Put Contracts?

Is There Anything We Can Do About It?

Are You Concerned About Berkshire's Long-Term Health?

How to Break Up a Diverse Company Without Tax Implications

Can You Keep Doing What We're Doing Now?

Are We Going to Have a Negative Interest Rate?

Capital Intensive Businesses Are Not as Good as They Used to Be

The Insurance Business Is Worth a Lot of Money and It Doesn't Take Capital

Is the US Government Defaulting on Its Bonds?

Is the US Government Going to Increase the Limits on Debt?

Buybacks and Dividends - You're Giving Money Out of the Business

Should You Repurchase Shares?

Buybacks

Is Berkshire Going to Split a Shares?

Is There a True Banker Who Avoids Doing Dumb Things?

The Banks Are Not the Problem

I Don't See Special Problems in the Banking Industry Now.

Is There a Pandemic in the Banks?

Is It More Committing to Buy Berkshire Shares Now?

Credit Cards - What Should I Do With My Money?

Don't Be Paying Even 12% for Money

Payroll Protection Plan

The Pandemic Will Graduate a New Class of War Veterans

We Are a Rich Country, Rich, Rich

Are You Taking Care of Your Children?

Capitalism and the Market System

Is There a Lot of Randomness in the Capitalist System?

I'll Be the Other Two Feeling Fine of the Three