TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 12 May 2023

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Clay Finck presents his favorite clips from the 2023 Berkshire Hathaway annual shareholder meeting, featuring insightful responses from Buffett and Munger during the marathon Q&A session, along with his own thoughts on their answers. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 05:30 - Buffett and Munger’s thoughts on the commercial real estate. 09:37 - Why value investors must evolve to the increasingly competitive world of investing. 17:36 - How Buffett allocates capital to balance profits versus building out a competitive moat. 33:04 - Munger’s stance on position sizing. 38:16 - Buffett’s updated thoughts on Taiwan Semiconductor which is a business Berkshire entered and fully exited over a matter of months. 40:09 - Buffett’s thoughts on the US Dollar’s status as the world’s reserve currency. 54:40 - Common mistakes to avoid to live a good life. 01:01:21 - Buffett and Munger’s most recent thoughts on Occidental. 01:12:23 - How Berkshire can continue to attract high quality subsidiary managers. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Check out the full video of the Berkshire Hathaway meeting here. Check out our recent episode covering Mark Leonard’s Letter’s and Constellation Software. Watch the video here. Check out Clay’s YouTube video calculating the intrinsic value of Constellation Software here. Follow Clay on Twitter. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Meyka Sound Advisory Industrious Range Rover iFlex Stretch Studios Briggs & Riley Public American Express USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TI-P.
0:03.0	Hey everyone, welcome to the Investors Podcast.
0:06.0	I am your host, Clay Fink.
0:08.0	And on today's episode, I'll be walking through our favorite clips from the 2023 Berkshire
0:12.0	Hathaway Shareholders meeting in Omaha.
0:14.0	This year, many members of the TI-P team made it to Omaha, and we hosted four free events
0:20.0	from Thursday through Sunday for the TI-P community to connect and socialize.
0:24.0	Our events were a big hit as well over 100 people attended each one,
0:28.0	and I'll speak for everyone here at TI-P that we really appreciate everyone who made the trip to Omaha and attended our events.
0:35.0	Your support for TI-P is very much appreciated and we're grateful to have one of the best audiences in the world.
0:41.0	Our TI-P meetups was one of the big highlights of my weekend as I love connecting with like-minded individuals and meeting members of the audience in person.
0:49.0	The main event was on Saturday, which was at the CHI Center where Warren and Charlie hosted the Woodstock of Capitalism,
0:56.0	attracting roughly 40,000 attendees and doing the marathon Q&A session in the morning and that afternoon.
1:03.0	If you miss the Berkshire meeting this year, I'm sure we'll be there next year as well.
1:07.0	We'd love to meet you, and I can assure you that pretty much everyone I met was absolutely ecstatic to be there in Omaha.
1:14.0	Many people at our events came from all over the world.
1:17.0	Hopefully we're lucky enough to have the opportunity to see Warren and Charlie in person next year again as well.
1:23.0	This episode I'll be walking through our favorite clips and adding my thoughts around each one of them.
1:28.0	These clips in this episode touch on commercial real estate, why value investors must adapt to new environments, position sizing, the US dollar status as a reserve currency, major mistakes we should avoid and much more.
1:41.0	Warren and Charlie as always were on top of their game this year, and this year's Berkshire weekend in particular was really special due to all of the people I got to meet in person, including countless fans of our audience,
1:52.0	as well as around a dozen of our TIP mastermind community members, which is a new community we've recently launched for our audience.
2:00.0	Without further ado, here is our episode covering the 2023 Berkshire Hathaway Annual Shareholder Meeting.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.