Berkshire Debrief: Resting on Laurels

I spent the weekend in Omaha with some of my "cabal", enjoying our usual pleasures of the annual meeting weekend, such as our traditional Saturday night steak dinner. This was my 22nd Berkshire Hathaway (BRK.A BRK.B) meeting, and it certainly has changed a bit over the years.

 I did an interview  with our own Lindsey Bell discussing the magic of compounding -- in this case, the compounding of both Berkshire and the meeting. When I first attended the meeting with some business school colleagues in 1991, Berkshire had just increased its net worth by $362 million, up 7.3%, and it had the "permanent four" stock holdings: Capital Cities/ABC, Coca Cola (KO), GEICO, and Washington Post (WPO). Two thousand devotees filled the Orpheum Theater in downtown Omaha for three hours of Q&A....506 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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