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3 Questions Warren Buffett Refused to Answer at the Berkshire Hathaway Meeting

We're coming to you live from the 2014 Berkshire Hathaway  (NYSE: BRK-B  )   (NYSE: BRK-A  )  annual shareholder meeting in Omaha, Nebraska. We are transcribing the famous Buffett and Munger Q&A and live chatting with Fools around the globe! Click HERE to access this free live chat!

Every year, Warren Buffett and Charlie Munger sit in front of 40,000 Berkshire Hathaway shareholders and take questions for multiple hours.

But that doesn't mean they answer all of these questions.

Charlie and Warren don't put any restrictions on the types of questions shareholders can pose during the Q&A session, but here are three questions the duo refused to answer.

1. Other than Berkshire, what is the one stock you'd put all of your net worth into?
The same question was asked during the 2009 annual meeting and Buffett answered: Wells Fargo (NYSE: WFC  ) . Since then Wells Fargo has marched over 150% higher, handily beating the S&P 500. Asked today, and Buffett not only didn't say Wells Fargo, he refused to answer. 

Many investors follow Buffett into stocks, but those hoping to hear about his latest buys will have to wait for Berkshire Hathaway's next 13F SEC filing to see what Buffett has been buying.

2. Who will replace Charlie Munger?
Everyone always wants to know who is going to replace Warren atop Berkshire, but seldom is the question asked who will replace Buffett's long-time business partner Charlie Munger. Munger is 90 years old.

Buffett said Munger is irreplaceable, but declined to disclose who would step in his shoes if Munger was no longer in the picture.

Buffett still managed to quip that Munger is "handling middle-age well."

Buffett also said that his replacement would likely have their own inner circle that would play a role similar to Munger's.

3. How much are Berkshire's execs raking in?
Berkshire Hathaway's annual proxy filing, a SEC document that details officer compensation among other things, doesn't give any details regarding the salaries of the executives at Berkshire's biggest subsidiaries like Berkshire Hathaway Energy and BNSF. A shareholder question asked if Buffett would consider disclosing the salaries of these executives in next year's filing, in the spirit of good faith.

While it seems like something Buffett would do, Buffett respectfully declined to give more details on their compensation because such disclosure would likely create dissent within the organization and deteriorate negotiating power.

Click HERE to access this free live chat!

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David Hanson

David has been with The Motley Fool since 2013. He is a graduate of the University of Miami. Follow David on Twitter for all things finance, marketing, and investing.

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