Berkshire's 2017 Annual Meeting Review - A Rangeley Capital Discussion

| About: Berkshire Hathaway (BRK.B)
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Summary

Takeaways from the Woodstock of capitalism.

Buffett’s plans for Berkshire and thoughts on Apple.

A hedge fund PM tries his hand in Silicon Valley.

Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Berkshire's (BRK.A/BRK.B) annual meeting; then, they turn the Wall Street Journal article "How a hedge fund ace chased Silicon Valley Riches and embarrassed himself."

Rangeley Capital's portfolio managers Andrew Walker and Chris DeMuth Jr. host a fifteen-minute podcast, which you can subscribe to on iTunes, Stitcher, or audioBoom. If you missed the previous episode, please listen to Tesla Is Not Quite S-E-X-Y. If you have a question or comment, please email us at podcast@rangeleycapital.com.

Disclosure: I am/we are long BRK.A, BRK.B.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. We invest with a margin of safety by buying securities at discounts to their intrinsic value and unlocking that value through corporate events. To maximize returns for our investors, we reserve the right to make investment decisions regarding any security without notification except where notification is required by law. This post may contain affiliate links, consistent with the disclosure in such links. We manage diversified portfolios with a multi-year time horizon. Positions disclosed in articles may vary in sizing, hedges, and place within the capital structure. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the position might change (and probably will).