We Study Billionaires - The Investor’s Podcast Network TIP446: Berkshire Hathaway Annual Shareholders Meeting 2022
7 snips
May 8, 2022 
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, shares his insights from the latest shareholders meeting. He discusses the company's impressive $51 billion investments including Apple, and elaborates on the strategic importance of stock buybacks. Buffett also dives into his views on inflation, how it impacts purchasing power, and the evolving landscape of investment strategies. His reflections on changing opinions and the nuances of merger arbitrage add depth to the conversation, making it a treasure trove for aspiring investors.
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Value over Timing
- Focus on identifying value in investments, not market timing.
- Buffett and Munger claim to have never made buy/sell decisions based on market predictions.
Berkshire's Buying Spree
- Berkshire Hathaway invested $51 billion in Q1 2022 after being a net seller for five quarters.
- Major investments include Chevron and Occidental Petroleum.
Allegheny Investment
- Buffett's $12 billion investment in Allegheny was influenced by his familiarity with the new CEO and 40 years of research.
- This demonstrates bottom-up investing, focusing on company value rather than market trends.