3 Things to Listen for During the Berkshire Hathaway Inc. Annual Meeting

Live from the 2014 Berkshire Hathaway annual shareholder meeting!

May 3, 2014 at 10:28AM


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!

Warren Buffett and his long-time investment partner Charlie Munger are settling into their seats to begin their famous day-long Q&A session with Berkshire shareholders. Here are three things investors should be listening for:

1. Warren's thoughts on the Heinz acquisition
In early 2013, Buffett teamed up with private equity firm 3G Capital to acquire Heinz. In a unique deal, Berkshire took a 50% equity stake and purchased a $8 billion preferred stake that pays Berkshire a 9% coupon.

3G Capital is handling the overhaul of the operations at Heinz, and Buffett's comments in his letter to shareholders said the early results were "encouraging." That's hardly descriptive. As Berkshire grows larger, there are fewer acquisitions that can significantly move the overall needle, but if Buffett and Munger speak glowingly about the deal's structure, we could see Berkshire use this as template to going forward.

2. Todd and Ted's process
Warren and Charlie aren't the only stock-pickers at Berkshire Hathaway. Todd Combs and Ted Weschler each run stock portfolios that exceed $7 billion. $14 billion is nothing to sneeze at, but Todd and Ted aren't even close to managing a majority of Berkshire's equity portfolio... yet. Someday these two will take the reins. Shareholders should listen up to hear more about each's investment process and how it may differ from Buffett's.

3. Where do Buffett and Munger see risk?
5 years ago, it seems everything and anything spooked the market and caused investors to rush towards the exits. Fast forward to today and most investors can only see things in the best of light. Crisis in Ukraine? Shrug.

But as every investor knows, there is always risk lurking -- most people don't see it until it's too late (that's what makes it a risk). Warren and Charlie don't have a perfect track record spotting big risks, but if you're going to listen to anybody about potential dangers, it should probably be them.

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David Hanson owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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