Warren's departure as CEO of course hit an emotional tone for me as it did for all long term shareholders. Ajit especially comes across as off the charts brilliant, kind of like a much younger version of Warren. He knew off the top of his head that Berkshire's cost of float over the last 20 years was -2.2%. Greg was very good when answering operational questions (especially about BHE, right in his wheelhouse) but botched the most important question about capital allocation philosophy. This audience questions were terrible, probably the worst I had ever seen. Warren was rambling a lot especially in the first half, but could be forgiven given his advanced age & impending announcement of his retirement which must have been emotionally very hard for him. I too agree with other posters that we learned very little about the (non) insurance businesses at this meeting.

Berkshire Hathaway FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.