2001-Afternoon Session-BRK Annual Shareholders Meeting

1

Introduction

00:00 • 4min

2

Are US Returns on Equity in the US Higher Than in Europe?

03:45 • 3min

3

Accounting Shenanigans?

06:16 • 2min

4

How to Drive a High Return on Equity at Berkshire

08:17 • 5min

5

What Is Geico's Retention Rate?

13:25 • 5min

6

General Re

18:52 • 4min

7

Is There a Better Car?

22:49 • 3min

8

The Aggregates Business Concrete

25:19 • 2min

9

Graduate School of Value Investing

26:59 • 2min

10

The Jack McDonald's Are a Little Clan of Their Own

28:49 • 3min

11

Are You Concerned That the American Consumer Is So Far in Debt as a Whole as to Be a Problem?

31:34 • 3min

12

The Trade Deficit Is a Very Interesting Thing

34:59 • 3min

13

Are We Running Out of Private Companies That Meet the Criteria for Acquisitions of the Right Size?

38:14 • 3min

14

Having a Culture of Acquisitions in Europe Is a Good Thing

41:06 • 3min

15

The Best Business Getter Is the Work That's Already on Our Desk

44:35 • 4min

16

Are the Future Cash Flow Coupons More Valuable?

48:43 • 4min

17

Percher's Financial Products Business

52:28 • 5min

18

The Derivatives Business Is a Dangerous Business

57:38 • 3min

19

The Accounting Profession Has Failed the Wider Civilization

01:00:15 • 2min

20

I Don't Know What I'm Doing Uh...

01:01:54 • 6min

21

Bankruptcy and Percate

01:07:51 • 2min

22

Buying a Large Present at Four Shimes This Morning

01:10:18 • 4min

23

I'm a Prefered Risk Customer of U S a A

01:14:32 • 2min

24

U S A

01:16:31 • 6min

25

Zen Buddhism

01:22:02 • 3min

26

Munger, Buffett and the Cost of Capital

01:25:25 • 1min

27

The Cost of Capital in Business

01:26:43 • 5min

28

The Cost of Capital and the Big Ideas

01:31:24 • 3min

29

How to Teach the Capital Assets Pricing Model

01:34:26 • 4min

30

Coke and Private Label Co-Products

01:38:46 • 2min

31

The Battle Between Brands and Retailers

01:40:49 • 2min

32

How Do You Sell Security Short?

01:42:38 • 5min

33

Arbitrage Transactions - You Can't Make Really Big Money

01:47:39 • 55sec

34

How to Make Money on a Berkshire Scale

01:48:34 • 3min

35

How Do You Value Your Reputation for Loyalty to Your Investments?

01:51:56 • 5min

36

You're Entitled to the Same Sort of Answer About Succession

01:56:34 • 5min

37

Bircher's Previous Experience in the Silver Market

02:01:36 • 4min

38

The Most Important Thing With the Electricity Business

02:05:42 • 3min

39

The Old System Just Doesn't Make AnySense to Me

02:09:10 • 3min

40

The Electric Utility Industry Will Need More Capacity

02:11:41 • 2min

41

How Important Is Nominal Experience in the Business of Investing?

02:13:32 • 4min

42

How Do You Know if You Have Only Two Years of Experience?

02:18:00 • 2min

43

The Integer Value of Berkshire Half Away

02:19:49 • 3min

44

How Much Will Berkshire Be Worth in Ten Years?

02:22:47 • 2min

45

The Greatest Book Ever Written on Investing

02:24:52 • 4min

46

What's the Difference Between Working Capital and Stocks?

02:29:00 • 2min

47

What's Your Expectation for PUKA?

02:31:19 • 4min

48

Puka

02:35:33 • 3min

49

The Problem With Campaign Finance Reform

02:38:50 • 4min