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Reflections On Berkshire's Annual Meeting

May 07, 2018 9:49 AM ETBerkshire Hathaway Inc. (BRK.A), BRK.B46 Comments
Detroit Bear profile picture
Detroit Bear


  • I attended the annual meeting of Berkshire for the first time.
  • The event absolutely blew me away.
  • Everyone interested in investing should attend the annual meeting to mingle with other like-minded individuals and to hear the greatest speak.
  • Long Berkshire, as I believe the model will endure.

This was the first year I was able to attend Berkshire Hathaway’s (NYSE:BRK.A) (NYSE:BRK.B) annual meeting, and without question, the meeting greatly exceeded my expectations. No one had ever properly articulated just how valuable attending the meeting is, but I will say this now: if you haven’t gone before, you HAVE to go.

I’ll go into greater detail, but attending the meeting was one of the top five best decisions I’ve made in my entire life. There are three main features that make attending a must, including the solid grounding and return to fundamentals that Warren Buffett and Charlie Munger preach, the tremendous energy and fulfillment associated with attending a meeting with thousands of like-minded individuals, and, of course, the intensive Q&A where two of the greatest investors of all time opine on a variety of topics.

Back to Basics

It’s very easy to stray from the basic tenants of investing, particularly when you have a relatively expensive stock market that doesn’t have many bargains after nearly a decade of record low interest rates. However, the visit to Berkshire serves as a real grounding in the core fundamentals that make you a great investor.

First and foremost, Buffett and Munger preach on the importance of patience. This isn’t easy when you see people getting rich on stocks like Telsa (TSLA), Netflix (NFLX), and Amazon (AMZN) or by purchasing cryptocurrencies with parabolic moves. (For the record, no strong opinion on TSLA or NFLX; long AMZN). However, discipline and patience are the best way to long-term wealth. Berkshire continues to sit out of doing large deals as vast amounts of capital sits on the sidelines ready to fuel acquisitions for private equity firms or “strategic” buyers.

It isn’t easy, but you can be assured that Berkshire will be ready to pounce on any

This article was written by

Detroit Bear profile picture
A bear out in the woods.

Analyst’s Disclosure: I am/we are long BRK.B, AMZN. 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.

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