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MarketFoolery

MarketFoolery 05.05.2014

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 5 May 2014

⏱️ 15 minutes

🧾️ Download transcript

Summary

David Hanson analyzes the highlights of the Berkshire-Hathaway annual meeting, the growing interest in Markel, and the awesomeness of See’s Candies.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Monday, May 5th. Welcome to Market Foolry. I'm Chris Hill joining me in studio today from

0:07.0

Fool.com. By way of Omaha, Nebraska, David Hanson, welcome back.

0:11.3

Hey, happy Cinko de Mayo. Happy Cinco de Mayo. Happy birthday to our man, Ron Gross.

0:15.8

Really? Yes. I would wish him happy birthday on Twitter, but he's not on the Twitter.

0:21.4

So. What is this is 1992 he's got enough going on that's true

0:28.1

We're gonna talk Berkshire Hathaway because you just got back from the annual meeting and no one can see it but me and Dan Boyd

0:34.3

who's behind the glass but you wonderfully brought tribute in the form of a box of

0:38.9

seized candy so thank you for that we'll get to seize candy in a moment.

0:42.7

But first, how was the trip?

0:45.8

What stood out to you from the weekend

0:49.1

in terms of headlines, in terms of news?

0:52.1

I know you and Matt Kopenhofer and Mike Olson and

0:55.9

Scott Phillips from our office in Australia. Like we had a whole bunch of people out

0:59.0

there. You guys got up bright and early to get to the six hour Q&A that Buffett and his right hand man Charlie Munger did

1:09.0

Was any news made as far as you're concerned? I don't think there was too much news.

1:14.0

My main takeaway from the whole process,

1:17.0

and we should mention there was a brunch with Markel on Sunday,

1:20.0

that's a company that Joe Meger, a couple other fools, really love here. So we

1:24.4

attended that as well, very similar, Q&A style. The theme of the entire weekend was that

1:30.6

investing really comes down to common sense.

1:33.0

Long-term investing, you have to have common sense.

1:36.0

You don't have to understand the complex high frequency trading,

...

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