1998-Morning Session-BRK Annual Shareholders Meeting

1

Introduction

00:00 • 4min

2

The Board of Directors of Berkshire Hathaway

03:42 • 2min

3

The Business of the Berkshire Investment Company

05:47 • 2min

4

How to Find Companies That Will Grow Their Price Earnings Ratios

07:38 • 2min

5

How to Forecast Price Earnings Ratios

09:08 • 2min

6

Ben Graham's Guide to Value Investing

10:44 • 2min

7

The Teaching of Efficient Market Theories in Universities

12:19 • 2min

8

The Anomaly of Luck

14:38 • 2min

9

Warren's Six Segments of Luck

16:12 • 2min

10

The Importance of Time

18:21 • 2min

11

How to Analyze Businesses Quickly

20:05 • 2min

12

The Next Warren Buffett?

21:59 • 2min

13

Chad Corey: The Next Charlie Munger

23:31 • 3min

14

How to Buy a Stock That You Don't Want to Sell

26:16 • 2min

15

The Beauty of Marketable Securities

27:51 • 2min

16

The Colors for the Cover of This Year's Annual Report

29:32 • 2min

17

The Insurance Business at Berkshire

31:27 • 2min

18

The Effect of the Year 2000 Compliant Issue on the U.S. Stock Market and the Global Economy

33:19 • 2min

19

How to Control Campaign Spending

34:55 • 2min

20

The Arms Race in Campaign Spending

36:59 • 2min

21

The Battle of the Pockets for Influence

38:47 • 2min

22

The Unsustainable Returns on Equity for the Banking Sector

40:21 • 2min

23

The Rise in Returns on Equity and Untangible Assets

42:14 • 2min

24

The Slow Revolution in Corporate Attitudes

44:08 • 2min

25

The Secret of Life Is Weak Competition

45:43 • 2min

26

Guns, Germs and Steel by Jared Diamond

47:28 • 2min

27

What Keeps You Awake at Night?

49:36 • 2min

28

The Paranoid Survive

51:23 • 2min

29

The Future of Financial Business

53:29 • 2min

30

The Importance of Thinking About Important Subjects

55:26 • 3min

31

How to Review the Whole Spectrum of Choices in the Equity Markets

58:26 • 2min

32

The Impact of the Insurance Industry on Berkshire's Insurance Business

01:00:42 • 2min

33

The Consolidation of Insurance

01:02:23 • 2min

34

Coca-Cola at 40p

01:04:09 • 2min

35

Coke Repurchasing Shares

01:06:02 • 1min

36

The Importance of Repurchases

01:07:31 • 2min

37

The Benefits of Float for Berkshire

01:09:06 • 2min

38

The Importance of Maintaining a Float

01:10:39 • 2min

39

Japan Cashing in the US Investments to Bail Theirself Out

01:12:28 • 2min

40

The Problems With the Japanese Economy

01:14:01 • 2min

41

The Politics of Private Investment Accounts

01:16:27 • 2min

42

The Importance of 2% Social Security

01:18:26 • 2min

43

The Cost of Capital for Berkshire Hathaway

01:20:04 • 2min

44

The Cost of Capital at Berkshire Hathaway

01:21:46 • 3min

45

The Impact of Catastrophe Bonds on the Company's Growth

01:24:42 • 2min

46

The Importance of Pricing Your Insurance

01:26:38 • 3min

47

How to Understand Annual Reports

01:29:53 • 2min

48

The Importance of Constructing Your Business

01:32:21 • 2min

49

Coca-Cola's Long-Term Growth Versus Pepsi-Cole's Recent Efforts to Increase the Petdivviveness With Coke

01:33:53 • 2min

50

The Quality of Earnings in Coca-Cola

01:36:03 • 5min

51

The Importance of Knowing Your Key Variables

01:40:51 • 2min

52

The Impossible

01:42:39 • 2min

53

The Advantages of Investing in Berkshire Hathaway

01:44:45 • 2min

54

The Impact of Berkshire's Operating Subsidiaries on Market Value

01:46:50 • 3min

55

The 401K Factor and the Bull Market

01:49:51 • 2min

56

How Much Bridge Do You Play?

01:51:38 • 2min

57

The Critics of Disney's Acquisition of Capital Cities

01:53:25 • 2min

58

The Economic Earmarks of Disney

01:55:24 • 3min

59

The Future of Technology

01:58:15 • 2min

60

The Importance of Repurchasing Shares

02:00:31 • 3min

61

The Smile Train

02:03:19 • 2min

62

The Supply and Demand Fundamentals for Silver

02:04:50 • 1min

63

The Depletion of the Silver Inventory

02:06:17 • 2min

64

The Effects of the Silver Purchase Act on the Price of Silver

02:08:21 • 3min

65

How to Be a Class B Shareholder

02:11:19 • 2min

66

The Importance of Talking to Groups

02:13:49 • 2min

67

What Are Your Recommendations for Berkshire Hathaway?

02:15:40 • 2min

68

The Future of Berkshire Hathaway

02:17:14 • 2min

69

How to Calculate the Intrinsic Value of a Company

02:19:08 • 2min

70

The Importance of Honesty

02:21:10 • 2min

71

How to Valuation a Business

02:22:44 • 3min

72

The Munger System for Dealing With Reality

02:25:29 • 3min

73

The Importance of Love in Business

02:28:21 • 4min