2006-Afternoon Session-BRK Annual Shareholders Meeting

Topics discussed include illegal immigration reform, improvements in teaching and finance departments, capital allocation and charitable giving, the impact of technology on media and entertainment, the portfolio insurance phenomenon and the 1987 stock market crash, potential chaos in currency markets and limitations of the Consumer Price Index, life adjustments in annual reports of large enterprises, Berkshire's recent acquisitions and investments, the decline of the newspaper business, the value of studying successful business people and investors, making money on Sunday, the impact of global warming on hurricane experience and insurance adjustments, the game of business and ethics in health care, buying businesses and net debtor positions, comparing the United States with other countries, fiscal misbehavior and the potential for problems, and the election of directors.