Buffett & Berkshire May 7, 2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 7 May 2012
⏱️ 14 minutes
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Summary
Joe Magyer calls in from Omaha to analyze the highlights from this weekend’s Berkshire Hathaway annual meeting. We discuss Warren Buffett’s health, his eventual successor, and the one headline from Buffett that most investors aren’t hearing about.
Transcript
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| 0:00.0 | It's Monday, May 7th. This is Market Foolery. I'm Chris Hill and joining me in studio today. |
| 0:07.0 | No one! I am all alone in the studio, but fortunately on the line with me from Omaha, Nebraska Uncle Joe Meager. Joe how are you man? |
| 0:16.4 | I'm great. How are you? I'm well and you're out in Omaha because this weekend we had the Berkshire Hathaway annual meeting. I know the |
| 0:24.9 | value investing Congress is going on. You've kindly taken a few minutes break from |
| 0:30.0 | that to sort of give the update on Berkshire Hathaway. Let's talk about that because |
| 0:36.0 | you know last year when we talked about sort of the big stories coming out of last year's Berkshire Hathaway annual meeting. |
| 0:44.8 | The big question sort of going into that was around David Sokol. |
| 0:49.4 | And you said last year, you know, the headline is, Socalgate is over, and that Buffett and Munger |
| 0:56.8 | dealt with questions immediately regarding David Socal. |
| 1:00.2 | I think it's fair to say that one of the big questions going into this years was |
| 1:04.2 | Buffett's health and based on the coverage I saw it sounds like it took a little |
| 1:08.8 | while before that question came up. |
| 1:10.8 | It did. No one really wanted to press the subject and it's understandable because it's a really touchy sensitive thing when you're talking about someone's health, particularly someone |
| 1:25.3 | you know musled up and asked Buffett head on and Andrew Ross Orkin just asked |
| 1:29.6 | finally like Warren how are you feeling and that I feel great and talked at length |
| 1:36.4 | about that but you didn't really need to say it because you could see it he was |
| 1:41.0 | totally energetic all day I saw him at about 6.30 or 7 in the morning. |
| 1:47.0 | Fauw with a parade or gaggle of reporters following him around exhibits totally full of energy you know he's a human |
| 1:55.7 | encyclopedia his memory sharp as ever anyone watching would definitely come away |
| 2:01.6 | feeling a lot more relaxed about itself and it's |
| 2:05.0 | funny how that works because to be honest watching him doesn't tell you quite as |
| 2:09.2 | much as the data and the data says that someone at his age and you know the the prognosis he has with |
... |
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