We Study Billionaires - The Investor’s Podcast Network TIP350: Berkshire Hathaway Annual Shareholders Meeting 2021 w/ Stig and Trey
May 23, 2021
Discover key insights from the 2021 Berkshire Hathaway Annual Shareholders Meeting, featuring Warren Buffett and Charlie Munger. Learn why Buffett’s cautious strategies during the pandemic were pivotal. Explore the implications of Berkshire selling Apple stocks and Buffett’s stance on Modern Monetary Theory. Delve into the complexities of share buybacks and what they mean for investors. Finally, uncover investment philosophies emphasizing humility and the value of continuous learning in the ever-changing financial landscape.
AI Snips
Chapters
Transcript
Episode notes
1989 Japanese Stock Market
- In 1989, five of the top six companies globally were Japanese, demonstrating the market's unpredictable nature.
- These companies underperformed for 30 years, highlighting creative destruction and the importance of index funds.
Geography's Diminishing Importance
- Geography is becoming less important for companies.
- Many top US companies generate more revenue internationally.
Munger's Alibaba Investment and Buffett's Succession
- Charlie Munger invested in Alibaba, which is interesting given its Chinese base.
- He seemingly revealed Greg Abel as Buffett's successor, mentioning Abel's role in maintaining Berkshire's culture.