Subject: Re: Worst Annual Meeting Ever
Excellent post WEBLUNCHx2. Wish I could rec it more than once.

This meeting was more Buffett musing than answering questions. Still the standing ovation after his retirement announcement was touching. And he did speak out on tariffs and the risks of debasing the US dollar - even though he said "no politics questions."

You hit the key issues. Almost all the questions from the floor weren't of value, and WEB didn't answer the ones that were. Becky's questions were good - but Buffett wandered about on his answers. I was impressed on how quickly Greg's team came up with the answer on the hot dog question.

I kept waiting for the OXY question. Maybe his pre-announcement about no questions on investments or politics caused Becky to squash it.

I'm guessing future meetings will be less well attended but will contain a lot more info about the businesses and issues. Could attract a crowd more serious about the meeting's contents.

My understanding of the original purpose of the meeting dates back to the partnership days when his investors were given one day a year to ask him about his management of the partnership. Otherwise it was trust him and don't bother him.

Again, appreciate your post.