2012-Morning Session-BRK Annual Shareholders Meeting

Warren Buffet and Charlie Munger discuss various topics including the importance of being the chief risk officer, reserving for business interruption insurance, the differences between European and American banks, the impact of business school education on investments, the Buffett rule and taxation of high earners, subsidies in wind and solar energy projects, their positive outlook on health, visiting the Med Center and insurance operations, their approach to investing and building capital, valuing insurance businesses and comparative performance, the utility of money in their life and property casualty companies, Berkshire Hathaway's peculiar model and success principles, the effect of market conditions on stock buying strategy, and Berkshire's investment in Walmart.