The 5 Best Warren Buffett Quotes from the Berkshire Hathaway Meeting

Live from the 2014 Berkshire Hathaway annual shareholder meeting!

May 3, 2014 at 1:50PM


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.

Audio or video recording is strictly prohibited, but you can take notes. The Q&A session is halfway over, and here are the five best Warren Buffett quotes from the morning session.

1. On the notion that conglomerates can't succeed
"The model has worked well for America. If you look at all these disparate businesses, such as if you looked at the Dow Jones as a single entity... (though it rotated)... but going from 66 to 11,000 is doing something right. Owning a group of good business isn't a bad plan."

2. On Charlie Munger's age
"Charlie turned 90, and I find it encouraging how well he is handling middle age. I hope to do the same thing myself."


3. On causing a big stink
"If you are in any social organization, if you keep belching at the dinner table, you'll be eating in the kitchen. You need to pick your spots and how you do it. It's not even a bad thought to keep in mind for marriage. It's hard to change others behavior, and it's not helped by shouting."

4. On the American dream and Michelle Evers (Nebraska Furniture Mart in Dallas)
"She started as a cashier, and she's in charge of the multi-million project. That's the great thing about America. And, I learned that her number-two was her husband. That makes for interesting pillow talk!"

5. On replacing Ajit Jain
"The only succession for Ajit will be reincarnation. We won't get another Ajit, but fortunately we won't have to anytime soon."

Bonus Charlie Munger quote on 'cost of capital'
"A phrase like cost of capital means different things to different people...The answer is simple: We're right and they're wrong."

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Click HERE to access this free live chat!

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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