MarketFoolery: 02.28.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 28 February 2011
⏱️ 10 minutes
🧾️ Download transcript
Summary
Warren Buffett's annual letter to shareholders was released on Saturday. Regarding the prospect of Berkshire Hathaway making more acquisitions Buffett wrote, “Our elephant gun has been reloaded, and my trigger finger is itchy.” So which companies would make for an attractive target? Our analysts discuss why Costco, Markel, and McCormick might be worthy of Buffett’s attention.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Monday, February 28th, and this is Market Fullery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today from Motley Fool's stock advisor, Jason |
| 0:09.2 | Moser, from Inside Value, Joe Meger, and from Motley Fool Asset Management, Bill Mann. |
| 0:14.2 | Guys, good to see you. |
| 0:15.2 | Hey, Chris. |
| 0:16.2 | Howdy. |
| 0:17.2 | All right, so one topic today, and that is the man himself, Mr. Warren Buffett. |
| 0:20.5 | On Saturday, Buffett sent his annual letter to Berkshire Hathaway shareholders. |
| 0:26.0 | He expressed great optimism about the U.S. economy saying, quote, America's best days lie ahead. |
| 0:31.9 | He also indicated Berkshire is ready to make some acquisitions. |
| 0:35.0 | The money quote guys, our elephant gun has been reloaded and my trigger finger is |
| 0:40.4 | itchy. Jason what was your take? |
| 0:42.1 | Yeah I thought it was actually a pretty entertaining letter to read. |
| 0:45.0 | I mean I've read you know a number of his letters to shareholders and this one seemed to sort of have sort of a renewed |
| 0:50.1 | enthusiasm for him. I know that you know with all of the economic trouble we've been having |
| 0:53.4 | over the past few years it was people were kind of questioning some of his moves and he seemed |
| 0:57.4 | to really kind of say look things are looking good we've made some really good moves |
| 1:01.9 | the business is doing well and you know we're really looking good |
| 1:03.1 | well and we're looking forward to a lot of good years ahead. |
| 1:06.5 | Joe Meger, what was your take on Buffett's letter? |
| 1:08.5 | It's always well written. |
| 1:09.8 | He's always got great analogies and metaphors. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

