

2002-Afternoon Session-BRK Annual Shareholders Meeting
12 snips Dec 1, 2018
Topics discussed in this podcast include the profitability of Coca-Cola bottlers, the controversy surrounding stock option plans, the relationship between interest rates and stock prices, the Enron scandal and creative accounting, the disadvantages of real estate investing for corporations, and the influence of investment banks on the industry. The speakers also reflect on past mistakes, discuss factors of success and compensating weaknesses, and address the importance of setting realistic expectations.
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Blue Chip Stamps
- Warren Buffett and Charlie Munger humorously discuss their management of Blue Chip Stamps.
- They highlight its decline from $120 million in revenue to $47,000 annually.
Berkshire Hathaway and Philanthropy
- Shareholder Mort November describes how Berkshire Hathaway enabled his philanthropy.
- He supports children's programs and community projects in Cleveland, Ohio.
Shareholder Philanthropy
- Warren Buffett discusses the philanthropic efforts of Berkshire Hathaway shareholders.
- He mentions Don and Midge Offutt, who donated $750 million to charities.