Here's some of what they said:
BREAKING UP BERKSHIRE HATHAWAY:
Buffett said he thinks it would be a horrible idea to break Berkshire's collection of 80-odd companies into separate entities.
"We would not unlock value. We would lose significant value," Buffett said after a shareholder asked about the possibility of splitting Berkshire into four companies.
Buffett said Berkshire is worth significantly more as it stands today because cash can move between different subsidiaries and there are tax benefits.
An error revealed recently by
Back in 2011, Buffett invested
"It doesn't change my feeling about the
The bank's mistake was tied to an incorrect adjustment of how it valued securities it obtained through its acquisition of
DEALING WITH MISTAKES:
Over an entire career of making investment decisions, Buffett and Munger have made their share of mistakes.
Munger said the key to Berkshire's success over time has been "ignorance removal" and "scrambling out of mistakes."
When Buffett and Munger took control of Berkshire, it was a struggling
"Think of what we might have done if we had a better start," Munger said.
Buffett poked fun at himself while singing a duet with songwriter
Buffett referenced in the song a past investing mistake — buying Dexter shoes. He also paid tribute to one of his assistants,
Anka attended Saturday's meeting. The 83-year-old Buffett joked that his pairing with Anka was part of his succession planning, so he and Anka will be available to sing at weddings.
Buffett said someone offered him
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