Full Q&A afternoon session from the 2007 Berkshire Hathaway Annual Meeting with the world’s richest man and most successful investor, Warren Buffett and his partner, Charlie Munger.

Q2 hedge fund letters, conference, scoops etc

AM 2007 Berkshire Hathaway Annual Meeting With Warren Buffett, Charlie Munger - Full Q&A

Transcript

And now please welcome the charming insightful witty rather brilliant debonair influential well heeled yet down to earth talented surprisingly modest handsome and refined exemplar of unflappable character. Mr. Buffett whom were you expecting. My junior partner for those of you who don't know I'm the distant cousin Jimmy Buffett this to be a good day to rob a bank in Omaha. Everybody's here you know. I couldn't be around for the game with LeBron James. I was busy working on my wardrobe for this surprise appearance and this is my first time in the Quest Center so I feel very at home in large spaces like this. It's great to be back in Omaha. That's the good news. The disturbing news is as a longtime Berkshire Hathaway stockholder and shareholder the the big question is you know those guys are getting up in age. You know Charlie and Warner and who are they gonna leave it to well I've got news for you. We we did a genetic test Warren and I did you won't see that in your program or in the shareholders report. And somewhere back about six thousand years ago and some ancient village in Scandinavia they were trading Buffett genes and I got the talent he got the business. So later on in life after Doris introduced us I don't know 30 years ago I started figuring out to better get that business thing going as well so since Blood is thicker than water I am your new chairman. So I hope you like that don't run out to sell.

Keep in mind so all the way out here on the plane I figured it was an interesting day if you read The New York Times business section yesterday. There was a lot going on so I thought this song has done very well for me so I thought I would bring this for my first appearance in Omaha at the quest and or I would rewrite a little Margaritaville with a little Burcher Well actually we're wasting away in Berkshire Hathaway bill today. I've never sung this early in the morning except on the Today show. So you're not paying so don't worry about it. Don't worry I'm a semi professional. This is OK. I will be looking at these notes as you can tell Warren gave me a really big budget for a teleprompter here all right so you can sing along. But you will not though you'll know a few of the words of these songs but then I'll try to do this slowly and I have my buyoff vocal so I think we're in good shape here so we'll start the morning off with a little hymn nibbling on sponge cake and Omaha beeves day. Watch you stockholders buying the round the quest rock and the presses armlock. There is no doubt War is big in this town wasting away and Berkshire Hathaway Bill searching for my last box of people claim that Charlie GRZ play and you know Rupert Murdoch is the from the world of SOPA jet planes diamonds and Bergson.