Monday, May 6, 2019

Berkshire links

"[Lee Kuan Yew] said one thing over and over and over again all his life: 'Figure out what works and do it.' If you just go at life with that simple'll find it works wonderfully well. Figure out what works and do it." --Charlie Munger (2019)

I'm back after another great weekend in Omaha at the Berkshire Hathaway Annual Meeting. For those that missed it, the video and transcript are already up on the Warren Buffett Archive page, HERE.

It was nice catching up with those of you I saw in Omaha. I mostly go for things other than the actual meeting these days, but it's always special to hear and see two heroes live on stage. I don't think there were too many surprises in the Q&A this year. One thing I would love to see in the future is an investment manager or two that own a lot of Berkshire up on stage asking some questions as well. I may be biased because he's a close friend, but for anyone out there with influence who also thinks this would be interesting, Chris Bloomstran from Semper Augustus Investments Group gets my vote. I think, outside of Berkshire's board and executives, he's about the world's foremost expert on the company. 

As is usual following the meeting, Warren Buffett was on CNBC this morning. He also was joined by Charlie Munger and Bill Gates during the interview. Here is the full video: CNBC's full interview with Warren Buffett, Charlie Munger and Bill Gates 

Warren Buffett also did a short interview with CNBC on Friday of last week. 
The Wall Street Journal ($) had a fantastic interview with Berkshire's Vice Chairman: Charlie Munger, Unplugged.
Berkshire Hathaway Inc. Vice Chairman Charlie Munger, 95, spoke to Wall Street Journal reporters Nicole Friedman and Jason Zweig for six hours over dinner in his Los Angeles home on April 23. He covered a wide array of subjects. Here is an edited transcript from that conversation and a follow-up telephone discussion.
And they also had another article on Munger out last week: Buffett Partner Charlie Munger Has a Side Gig: Designing College Dorms

One of the newer books in the bookstore at the meeting that stood out to me as being especially of note, and which may have been a Charlie Munger recommendation: The Future Is Asian - by Parag Khanna