EO Nebraska hosted us for a fabulous weekend which culminated in the Berkshire Hathaway Annual meeting-widely known as "Woodstock for Capitalists." The highlight of the meeting for me was Chairman Warren Buffett and Vice-Chairman Charlie Munger answering questions for over five hours with the Board of Directors (including Bill Gates) and Berkshire Hathaway managers and over 30,000 shareholders and fans watching. I was impressed by their patience and grace in openly and intelligently answering questions from the crowd-it is far harder to come up with an intelligent and instructive answer to a dumb question than an intelligent one. Mr. Buffett managed to make the answers to even the silliest questions instructive.
Following are a few notes that I took during the meeting.
