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Today in Buffettpalooza (a k a the Berkshire Hathaway meeting): Shareholders' attempt to get...
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Saturday, May 5, 2012, 6:34 PM ETToday in Buffettpalooza (a k a the Berkshire Hathaway meeting): Shareholders' attempt to get more disclosure on succession plan fails, and Buffett says the company will "very aggressively" buy back shares at the right price. Directors were re-elected. (BRK.A earnings)
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That means the successor is not being trained and can not be prepared to take over the organization. That's not succession, that's the same as hiring an outsider to follow on as CEO.
and (http://bit.ly/obOPeH) which has outperformed BRK by 400%+ over the last decade. Dead money for years and NO dividend.Truly the fairy tale about the emperor's clothing.Warren and Charlie have been DEAD WRONG on Gold 1 ounce sold for $29 in 1969 was worth $1640 on Friday(up 5000%+ in 50 years!!!).One wonders why CNBC just introduced him as the "world's greatest investor" when he cannot outperform an index fund like (http://bit.ly/JjWCE4) or even do fifth grade math analysis on Gold Price for the last 50 years."Intelligent People" do not buy BRK truly a "zombie stock". APD