2010-Afternoon Session-BRK Annual Shareholders Meeting

Warren Buffett supports healthy debate in finance industry; Criticism of lousy accounting and franchisee control at Dairy Queen; Changing significance of undistributed earnings; Opportunities for value investors and risks of municipal bonds; Businesses seeking less competition; Implications of zero percent interest rates; Importance of continuous learning and adapting; Improvement in Q&A sessions and admiration for BYD; Discussion on viability of high-speed rail service; Challenges of implementing high-speed rail system and impact of earthquakes on insurance companies; Berkshire Hathaway's ability to handle catastrophic events.