We Study Billionaires - The Investor’s Podcast Network TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023
32 snips
May 12, 2023 
Warren Buffett, Chairman and CEO of Berkshire Hathaway, and Charlie Munger, its Vice Chairman, share their investment wisdom at the 2023 shareholders meeting. They discuss the shifting landscape of commercial real estate and the importance of adaptability for value investors. Insights include Buffett's capital allocation strategies, updated views on Taiwan Semiconductor, and the enduring strength of the US Dollar as a reserve currency. Munger emphasizes thoughtful position sizing while both provide timeless life advice, highlighting prudent investing for future generations.
AI Snips
Chapters
Transcript
Episode notes
Real Estate Borrowing
- Buy real estate with non-recourse loans.
- Borrow as much as possible without personal liability.
Berkshire's Investment Preference
- Berkshire Hathaway prefers buying businesses over real estate.
- They see trouble ahead for commercial real estate due to remote work and rising rates.
Adapting to Value Investing
- Value investors must adapt to increased competition.
- Expect lower returns and focus on others' mistakes.