TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023
We Study Billionaires - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 12 May 2023
⏱️ 74 minutes
🧾️ 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
- Check out the full video of the Berkshire Hathaway meeting here.
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Transcript
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| 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. |
... |
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