Warren Buffett and Greg Abel answer questions from Becky Quick at the 2020 Berkshire Hathaway Annual Meeting.
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22:34 it's why A shares are green on day's when B's are red. It's two different animals. When A shares are sold there's always buy orders in place to buy those shares. There's never a day where demand for A's doesn't outnumber the supply available. When B's backup, and sometimes they do that's when Berkshire picks them up. Getting a discount of 30% created such a demand for B's there really wasn't a need to repurchase because there were Buyer's ready and willing to snap them up. Warren Buffett could play games and artificially inflate both A's and B's any day he wanted too but he has ZERO need to do so. He's leaving a lot of meat on the bone for the next generation to continue the growth and value of Berkshire stock that'll keep them managing with the same style of natural real added value from operations. He absolutely doesn't want to force any actions of the next chairman(s) to satisfy stockholders desires. Could Berkshire be a Trillion Dollar company today? Probably, but it'd take actions he really doesn't want or have to take.
Anything can happen but Mr.Buffett is converting his Class A shares into B's before donating. His and Mr. Munger's family along with other Board Members with have majority stakes for at least 40 more year's of voting majorities unless something happens where more than 50% of B share owners turn on the leadership. I don't think that will happen.
Just think, at the time this video was uploaded Berkshire Hathaway share price went from 250k to 500k in less than 2 years 😳
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Understand the economics of the business, price it at your mind and when market sells below your valuation. Buy as many as you can. Opportunity comes only at the very rare occasion.
The best answer I heard this year was his response to someone who asked why he sat on a pile of cash for two years from 2020 to 2022 rather than put it in an S&P tracker as he advises others to do, and that if he had done he'd be looking at a handsome profit.
His answer was that he likes to have a lot of cash for when opportunities arrive, when it 'rains gold'… And here we are now with the market dropping like a stone and I'm sure Mr Buffett will see lots of golden opportunities…
Congratulations 👏 and all the best for your success and happiness 💕
As a shareholder of BRK, he still should have bought in 2020 when the market was tanking.
Always great to hear from Warren. Wish you a long life sir!
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Tough listen
That impact by confusion and resources.
And income steady for those industries.
The fast rail with magnetic assist. The success of rail will ensure some customers for airlines industries. And help trucks move short distance.
That the reason we do not want the state divide. Your success big responsible for mass fail even you are the few.
They do have the competition if they not able to join with competition and they lost customers they will bankrupt
The book managing abundant relate to stock. You want easy go to seminar for one day earn big in short time. Which organize by crook.
Current time. We fix the profit earning from leverage executive and those who hold share low price. They are excessive in earn more that cause industries liquidate under the executive watch over all state businesses do well in order to hold the job.
The inform price rise and price low from Wall Street it is not enough for you to do the withdraw or buying. There are data reliable able to review. And it can not be lying on projects and developments and securities. If it is expansion we buy more with high price but we also ask profit for involve rather than high price in one share we want more share while the holder has more share as well. The withdraw by sale share away for cash from all kind investors no more 30% from the volume. Because project expansions.
The executives they do cheat because they holding workers cash.
We need to have policies if we fund the companies. We do not want the executives disappeared. It would be our loss in investment.
Those who earn big these are the low price share holder. The millionaires with the group sport holder in early stage. They choose to withdraw all asset in the market cap 80% or more while the companies operation in stall.
Over bought and over sale. These are the negligent from the workers invest to fund the companies but did not know which size funding it is proper. Which cause exaggeration for few earn big the rest workers lost because they did inflate the volume and also inflate the market cap and cause price for hold to sale for buyer over price.
When oil companies has to pay him 800m a year and the stock plumets cause there profits are ruined…then tell ppl it is oil prices, lol.
"If you don't understand it you will be affected by the next people you talk to". WOW Legendary
your day is over binding use with your insurance . For Nothing Worth Nothing
Ironically, he sold the airlines at the only time I would want to own them. airlines run on such small margins there's really not much profit to go around. but when they dropped i bought in and cleaned up $$$. Mr. Buffet can learn a thing or 2 from schmucks like me. I've since sold. Airlines are a crap investment in my opinion.