Welcome to our coverage of the Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) annual shareholders' meeting, also known as Woodstock for Capitalists! While cameras are strictly prohibited in the arena with Warren Buffett and Charlie Munger, Brendan sneaked outside to the exhibition hall to offer a quick reaction to some of the Q&A session so far. One of the questions focused on what Buffett thinks about Apple (Nasdaq: AAPL ) and Google (Nasdaq: GOOG ) . Not surprisingly, Buffett said he just doesn't understand the companies well enough and won't be buying shares of either one, but he also said he certainly wouldn't short them, either. Check out the following video, where Brendan details Buffett's remarks and his reaction to them, and make sure to follow Buffett and Munger's Q&A with our live chat. Even after Berkshire 2012 is over, check out this site to get a recap of the meeting, featuring everything from detailed notes on Buffett and Munger's Q&A to pictures and videos from the event.
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Report this Comment On May 05, 2012, at 7:39 PM, CHARLIE173 wrote:
This only proofs, that one has to be in the stock-market for a long time.
There are shares out there and if you are lucky one can double or tripple the investment in a much shortrt time.
But if you start at a young age, say 16 to 18 and listen to good advice ( see: Motley Fool ) and you can keep adding every month some money, by the time you are 50 Retierment is possible.
By putting money in every month, you also will have averaged your share prices at a much better levels.
Read and learn and invest.
Best regards
Kim (CHARLIE 173 )
Report this Comment On May 05, 2012, at 8:30 PM, JAXXJAGUAR wrote:
Buffett doesn't understand Apple? How was this man successful? He will die rich, but he is horribly outdated.
Report this Comment On May 06, 2012, at 7:04 AM, The1MAGE wrote:
@ JAXXJAGUAR
He follows an investment philosophy that you invest in what you know. If he doesn't understand this industry enough, then he avoids it.
This doesn't mean he is outdated, just more focused on certain industries. This simply means he plays to his strengths. Besides, there is more then one sector out there to invest in.
Report this Comment On May 07, 2012, at 2:53 PM, SunDevilDon wrote:
IBM has been in business for over a hundred years now, and probably that long track record is why he is more confident about them . But it is not a simple business which is easy to understand, so I was surprised by this move.
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