3 Key Takeaways From The 2023 Berkshire Hathaway Annual Meeting
I finally got around to listening to the full Q&A session of the 2023 Berkshire Annual Shareholder Meeting. I really liked this year’s questions and the respective answers. I decided to pull out 3 responses that I think help with building up the value investor psychology rather than something specific about an industry they are participating in. This is partly because many may not be comfortable investing in the same industries that Berkshire works in. Also, I think a lot of this advice is timeless because it is always something we can look back on and adapt to whatever current situation we face today. I hope you enjoy and I made sure to give a timestamp for the CNBC site in case you would rather listen to the questions and answers.
Substack link:
Introduction: 0:00
Takeaway #1 : 1:15 - “What gives you opportunities is other people doing dumb things”
Takeaway #2 : 9:35 - “We don’t get smarter but we get a little wiser”
Takeaway #3 : 16:50 - “You should write your obituary and then try and figure out how to live up to it.”
Disclaimer: This video is for entertainment purposes only. This is not a recommendation for a buy or sell of equity or any other assets. Please do your due diligence before using your money to purchase an asset.