Buffett, a look into the annual Berkshire Hathaway meeting.

Hello everyone, welcome to Industry Focus Financial's Edition. Today is May 2, 2016.

For our new listeners, Industry Focus is an investment centered show that deep dives into a different sector every day of the week.

And it's Monday, so it's Financial's Day.

Listen tomorrow for Consumer Goods, Wednesday for Health Care, Energy Thursdays, and Tech On Fridays.

Welcome to the studio.

My name is Gabby LaPara and joining me today is Michael Douglas, our Financials Bureau, and Analysts Extraordinare. I'm going to hop right into it. He got to go to Berkshire Hathaway.

Jealous, you jealous? I'm so jealous.

A little bit. I hear it's the woodstock of capitalism that is a phrase many people

use for it yeah I'm really I'm really excited to have you here this is kind of our

our sneak peek into what you saw in Omaha I've actually already been to Omaha so don't

describe the city, just describe the meeting. Very Midwestern.

Is really the short answer for Omaha anyway, right? Sort of kind of spread out and

it's so spread out and not very tall except for right in the

center right yeah yeah anyway um Berkshire Hathaway oh let's start with this if you are a new

listener or a new investor maybe you don't get what the big deal is about Berkshire Hathaway and Warren Buffett and Charlie Munger.

So if you could give a little explanation as to that, I'm going to lower my chair because I think Chris Hill sat here last and I

can't reach the ground. That wouldn't be so great. Yeah and by the way thanks for

having me this is this is fun. Those have been here for a long time remember back in the day when I I would say did a much

less good job of hosting industry focus financials and health care.

So it's fun to be back and see just how much things have changed since the cowboy days.

So Berkshire Hathaway, it's an insurance conglomerate and before you fall asleep it actually does a lot of other stuff too.

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