Berkshire Hathaway Annual Shareholder Meetings (since 1994)

2021-Full Session-BRK Annual Shareholders Meeting

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May 2, 2021
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INSIGHT

Market Value Volatility

  • The largest companies by market value change significantly over time.
  • Past performance is not indicative of future success, even for large companies.
ANECDOTE

Auto Industry Failures

  • Many car companies entered the auto business in the early 1900s, but few survived.
  • Picking winning industries doesn't guarantee stock success; picking winning companies within the industry does.
ADVICE

Investment Advice

  • For most long-term investors, a diversified S&P 500 index fund is recommended.
  • Berkshire Hathaway caters to a unique group of shareholders with a long-term, hands-off approach.
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