Below are a few key points that I tweeted from @investopia at the 2011 Berkshire Hathaway Annual Meeting
$$ #BRK2011 Buffett: currently looking at a couple of purchases roughly around the same size as Lubrizol
#BRK2011 Munger: it seems like the [political] parties compete with each other for who is the most stupid and they keep topping one another
$$ #BRK2011 Buffett: "the United States is never going to have a debt crisis as long as we continue to print notes in our own currency"
$$ #BRK2011 Buffett: Congress failing to raise the debt ceiling would be "the most asinine act"
$$ #BRK2011 Buffett: in evaluating a company "you should look at return on tangible assets"
$$ #BRK2011 Buffett: our rail business is an "excellent asset to own"
$$ #BRK2011 Buffett "businesses like our utilities...are not going to do as well" in periods of high inflation
$$ #BRK2011 Buffett: "we know we will not do remotely as well going forward as we have in the past" - because of size