Full Q&A morning session from the 2008 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 2008 Berkshire Hathaway Annual Meeting With Warren Buffett, Charlie Munger - Full Q&A
Transcript
Giving Warren Charlie he's been detained at the TV studio Hi Charlie. I'm Susan Lucci. Oh haven't you heard about the deal between Waran and me. He's going to be a big star and all my children and I'm going to be taking over Berkshire Hathaway. Certainly got some important qualities that the loves thank you Charlie. And you can relax now you do your just make yourself at home. Because I'll take it from here. Thank you I've been wanting to talk to our shareholders for quite some time now. There are some changes I really think we need to make around here. The first thing we need to look at is our dividend policy. I have never heard of anything so cheap and so unfair to our wonderful shareholders. We need to change it. Sounds good to me. And second we need to look at giving guidance on earnings and we need to do that every single week. Sounds good. Third we need to pay our directors more than 900 dollars a year. I thought you were at the All My Children studio what's that talking about. I hear nothing important. You just concentrate on your role on the show. Isn't my hope is Berkshire Hathaway and my role is to run a. I just did it all my children can't do without you. And I can't do without Bircher say You mean the deal is the deal is off. I really want to thank you. You brought me to my senses. You can go back to All My Children. I'll stay here.
Sure but I am so grateful to you as and that I want you to go out to Burcher to Bircher Hunt abortion. And I want you to pick out anything you would like and charges to Charlie and you are Darlie now way to OK Charlie let's get the show on the road. The she spent more time with him than she did with me. But they were going to follow the usual procedure. The business meeting will start at 315 but between now and then with a break for lunch we're going to answer your questions. We don't screen them ahead of time as you know based on who gets lined up with the microphone first and we'll go around from sections sections and then go to the overflow rooms. My understanding is that our best estimate is that we have about thirty one thousand people here today. Somewhere I have a map here Mark do we have about Parmi and everything up here. But in any event on the yellow pad. OK. I'll just mark them off as we go along. The I would like before we start I heard Ron Olson laughing there I think he made it. I'm glad to hear it. Let me introduce our directors I'm really wasn't sure.
