I came across a great article today on http://valueinvestingresource.blogspot.com/2008/05/2008-berkshire-hathaway-shareholder.html. In the above link the author shares his experience on the Berkshire Hathaway annual meeting. I highly recommend you to read the entire article. It is a bit lengthy but very informative.
For the less informed, Berkshire Hathaway is a company owned by Warren Buffet. It is very unlikely that you haven’t heard about Mr. Buffet. Apart from being the world’s richest man, Mr. Buffet is known for his generosity. He has pledged to donate 95% of his wealth to charity. He is regarded as one of the world’s greatest stock market investors. He is popularly known as the Oracle from Omaha.
About the Berkshire Hathaway Annual meeting: The mass migration of investors to Omaha for Warren Buffet’s annual shareholder meeting is the biggest pilgrimage from this side of Mecca. More than 30,000 people from every state in the Union and dozens of foreign countries go to soak up the wisdom of Buffet and his business partner, Charlie Munger, who sit for hours and answer questions from all comers.
The article mostly is a question/ answer session with Mr. Buffet and Mr. Munger. I found this particular piece of advice on investing from the annual meeting very enlightening:





