Subject: Worst Annual Meeting Ever
While I'm eternally grateful for the wealth and wisdom that me and my family have received from Warren, I must say that in my opinion this year's annual meeting was really well below par.

It seemed like Warren was interested in talking about anything except the actual operations at Berkshire.

Specifically, there was no mention of the railroad, no mention of Todd and Ted, no explanation for the Apple stock paring, no explanation on the reasoning why the age limit was imposed on board member after being 180 degrees the opposite direction, no plan given for the cash that has climbed to 10x the largest previous deal done.

The very significant value impairment of the energy business had to be teased out of him with a question, otherwise it would never have come up.

Yes, in a recent earlier letter he complained about the legal environment harming the energy business, but it was not until someone directly asked why Walter Scott's Mid American energy shares were bought at a major discount to Abel's that he said "because they are now worth a lot less." Sorry, but a few years earlier, we were told the energy business was one of three equal legs to the Berkshire stool, its ridiculous this development has not been directly addressed until asked.

Also, Warren basically forgot to review the just released quarterly earnings which has ALWAYS been his first order of business before starting the meeting. It wasn't until the end of the first session when Greg reminded him that "maybe we should review the earnings", that Warren did so.

When Warren was directly asked the most important question of the day, "Why did you pick Greg as your successor, he totally punted the answer, never gave one, and talked about the Chattanooga Choo Choo.

Most would agree that the main purpose of the AGM is for Warren to field questions.

The questions picked by Becky were solid, but the questions from the crowd were 100% UNSCREENED.

At least half a dozen very young kids asked how to meet Warren, how to get a job at Berkshire, what classes to take to be successful and other BS. One or two of these a meeting can be cute, but it was hugely irritating for those that spent a day traveling across the USA, paying for a hotel, waking up at 5:00 am, standing in line for 90 minutes to enter. to hear this nonsense.

Almost all these questions were given huge amounts of time while none of the items listed above were touched? WTF?

and then there was the absurd question about the hot dog stand. How was this allowed.

I know Warren doled out lots of praise on the employee at Berkshire who planned the Annual Meeting if though she was not a professional event planner.

Perhaps in the future, Berkshire needs one.