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Welcome to industry focus, the podcast that dives into a different sector of the stock market every day.

It's Monday, May 7th, the Financial Show, and we're talking all things Berkshire Hathaway.

I'm your host Michael, I'm joined by Matt Frankel.

So, listeners, as you probably know, the Berkshire Hathaway annual meeting was this past weekend,

also known as Woodstock for Capitalists.

It is a massive event. I've been to it personally twice. It's a really good time, particularly because you get this chance to hear Berkshire Hathaway's chairman, Warren Buffett, and vice chairman,

Charlie Munger, two of, in my opinion, the greatest investors alive today, sit and dish on basically anything anyone asks about for about six

hours which is an incredible thing to hear and it really kind of leads to a lot of wisdom.

Certainly it's changed how I invest and it's changed how millions of other people invest.

And it was live streamed on Yahoo Finance and pretty much the entire business news world basically froze and made sure

that they covered this over the weekend.

We had a lot of coverage on fool.com.

There were some great

background about this really fantastic annual meeting.

So we're going to hop into the things that Warren Buffett talked about

...