TIMESAVER EDIT 1994 Berkshire Hathaway Annual Meeting FULL Q&A with Warren Buffett Charlie Munger скачать в хорошем качестве

TIMESAVER EDIT 1994 Berkshire Hathaway Annual Meeting FULL Q&A with Warren Buffett Charlie Munger

Rare video and audio of the full Q&A session with the world’s richest man and most successful investor and his partner. Bill Ackman asks a question. Join us on Unofficial Charlie Munger Quotes & News Facebook   / charliemungerquotes   1:45 derivatives; Decashflow ll computers; Proctor & P&G “Anytime you combine ignorance and borrowed money you can get some pretty interesting consequences.” WB 4:39 CapCity Geico Coca-Cola categorized as permanent holdings, so why sale of Capcity shares; 1968 Tax Act; share repurchases. 6:40 Intrinsic value; cashflow; future and present earnings; buying price analysis; discount rate 9:21 Intrinsic value of Berkshire insurance operations 11:29 Stock split of Berkshire 13:56 Netjets, private jet air travel 15:00 What Buffett’s next goal in life is 15:15 2 yardsticks for the evaluation of business management 23:33 Guinness / scotch 25:56 Berkshire legacy and future without Warren and Charlie 30:00 Hilary Clinton 31:30 Blue Chip stamps 33:02 Reverse share split of Berkshire stock 33:42 Fed; Alan Greenspan; interest rates 35:28 Valuation of Berkshire 37:25 Banks; share buybacks; goodwill; amortization; reports; accounting tricks and methods 42:10 Bill Ackman asks about Solomon Brothers, their leverage and modest return on equity / ROE 49:40 Shoe industry / footwear business economics 51:25 Future if the tobacco business/ industry 52:39 Evaluation of aproducts/ competitive advantage 55:10 Insurance industry risk and claims in light of events in California 1:00 Best books you read last year / Benjamin Franklin 1:02:20 Uncertainties / competition / risks of major brands like Nike, Reebok, Coca-Cola, Gillette, Dexter shoes, Mark Twain. 1:08:15 Airlines, US Air, employee ownership. 1:12:39 Why Berkshire sold Cap Cities stock 1:13;50 Structured settlement business 1:14:50 Wrigley chewing gum 15:57 Global diversification/ owningor investing in foreign businesses / investing abroad / analysis/ evaluation of businesses 1:18:40 Los Angeles events and insurance, floods, typhoons, hurricanes 1:20:59 Opinions / speculation about the future of the stock market 1:25:24 Private vs public acquisitions, share investment ownership vs whole ownership, tax 1:30:31 Intrinsic value / Westco / Berkshire Hathaway valuation 1:33:57 Beta a flawed measure of risk by statistical measure of the volatility of a stock versus the overall market / definition of risk in investing 1:38:36 Consumption tax / progressive income tax / Berkshire is not a mutual fund 1:42:53 Interest rates and investing (including in banks, Wells Fargo, GEICO, Coca-Cola, Gillette) 1:45:39 Retroactive insurance 1:48:35 Holding cash and why / opportunity cost / timing the market 1:51:13 Future of Fannie Mae and Freddie Mac 1:53:12 If the speed of business investment information availability affects the effectiveness of Berkshire or gives others an advantage