things that are good and bad for America

The highlight of Buffettstock is always Warren’s five-hour, off-the-cuff Q&A session with Berkshire investors at Omaha’s CenturyLink Arena, and this year was no different. The Berkshire chief and sidekick Charlie Munger ranged over a variety of topics for 38,000 adoring fans, including: Did they fuck up, re: Coke? Should a 59-year-old volunteer sheriff and college dropout take over as Berkshire chair when the 83-year-old Buffett expires? Can they invest all of the money they’re making?* And, last but not least, stuff they don’t like, notably high-frequency trading and activist investors. Read more »