Warren Buffett and Charlie Munger describe how they analyze financial statements at the Berkshire Hathaway Annual Shareholder’s Meeting. The question is asked by Bill Ackman of Perishing Square. Buffett talks about the Balance Sheet and Income Statement. This process is important in Warren Buffett’s investment strategy of calculating the intrinsic value of a company and deciding which stocks to buy.
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▪️7 Best Questions at the 2020 Berkshire Hathaway Annual Meeting: https://www.youtube.com/watch?v=A5lQbkqlJro
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Lol the name of the vid was cut for me and said how to anal 😂😂😂😂
Disappointed in their response. And disagree on nearly every response.
Remember Berkshire bought Kraft and if my memory is correct the very next quarterly reporting had questionable numbers dropingvthe stock almost over night from $90 to $35. Buffett must have gotten some bad info before he bought.
Give credit to Ackman for being early on the mortgage problems.
His answer that you can't really tell means he's violated his circle of competence rule when it comes to financial institutions for his entire life.
That was Bill Ackman? Was it a different Bill Ackman or the Bill Ackman of Pershing Square fame?
so if the financial institutions with good ratings make a mistake, the officers should have to shovel dirt out of a river
Rare L answer from Buffett, feels like he’s punting a bit. In my cynical view, these financial companies get away with pure fraud.
I can’t listen to Charlie without both profound laughing and laughter
🤩
Bill Ackman should just have put all the money into BRK.
This was in 2003.
This Bill Ackman guy asked a pretty good question, he should be an investor or something
Buffet tap danced around the question! Financials are full of crooks because it’s based on speculation!
Thks warren dont blame me. If i become wealthy❤❤🎉🎉
Bill married Devil , so himself became a Devil . How easy people sale their soul( kill themselves ) over 🐱.
Yea, how can anyone invest with confidence in AAA companies when the ratings are often rigged? Rigged by companies like Moody's of which Berkshire owns a 13.5% share.
In the end bill just say f it, MBIA i'm shorting you!
Misleading title
1:50
Well it's more relevant now after what happened to svb.
So what you're saying is, accountants suck at their job?
I assume this is before Bill Ackman has become famous
It's really funny hwo Ackman is asking those 2 the questions. The faces of Warren and Charlie look a bit more stern as usual..
Which am is this?
The video title has nothing to do with the content
🔺
Bill ackman is the biggest manipulator and dishonest manager!
Well he got MBIA right, so why was he asking? He knew the answer lol.
When was this interview from?
Was this from 2008 cuz this sounds like 2008…
What year is this from?
Which year’s meeting was this?
"If we don't work with them they'll go to our competitors"