May 2009

I'm carbo-loading for tomorrow.  We are getting ready for the big shareholder meeting. You never know what's going to come out of these meetings..... that's why I'm going to be live blogging AND twittering the whole event tomorrow - so you WON'T have to wait!! And remember FOX Business is the only business network live tomorrow - so be sure to tune in! We've got an exclusive interview with ... read more

They just opened the doors to the Qwest center - and people were RUNNING - I mean seriously SPRINTING to get to one of the first few rows. People have been waiting on line since the wee hours of the morning - everyone bundled up and sipping coffee - waiting patiently. But once those doors open - don't let ANYTHING get in their way-It's no holds barred when it comes to getting the best view of ... read more

HEY GUYS.. I JUST talked to Buffett -  I asked him if he was toning down the festivities at all this year.... he said the one thing they're going to tone down is the 1 hour movie (they kick off the meeting every yr with a movie). Buffett said he doesn't want the fact that people are hurting right now to be forgotten. PLUS - Buffett tells Fox Biz - he's still an Obama supporter. As for the ... read more

This year's "toned down" movie begins - some of the highlights: Clips of some of the funniest Geico commercials (BRK company) Late night and Jon Stewart "covering" financial crisis Buffett & Tiger Woods on the green - Buffett giving Tiger a few tips - telling him: "Tigger" - you learn fast! Warren Buffett and Susan Lucci make a deal to switch jobs!! Charlie Munger tells Lucci: "You ... read more

Song about Berkshire Hathaway set to the tune of "My Favorite Things" from the Sound of Music - All the Berkshire managers getting a shoutout for their hard work over the last year.  Movie exectuive produced by Susie Buffett - Warren's daughter. She'll join us on FBN live in the 1pm Eastern hour - along with her two brothers - Howard and Peter. ... read more

Q&A session about to begin.... ... read more

Buffett: Want to show you a ticket - $5 million Treasury bills on Dec. 19th to come due April 29th of this year. (puts ticket on big screens for us all to see) We sold them for 5 million and 90 dollars and 7 cents. If the person instead put their money under the mattress - they would have been 90 dollars better off. Negative yields on U.S. Treasury bills are an extraordinary thing - not sure ... read more

Question: You have referred to derivatives as financial weapons of mass destruction. In the 1964 movie Dr. Strangelove - King Kong rides a weapon of mass destruction out of th bombay of his B-52 - as a longterm BRK shareholder - I feel like him today.....do you think large derivative positions are appropriate for a highly-rated insurance company? Will you add to these positions? Buffett: our ... read more

Question: What do you think future generations should know? What should be in curriculum to teach children about financial literacy? Buffett: There's a problem with financial literacy in the current generation. A number of outlets putting together programs to help with that. In the end - I think we make progress over time. I recommend you work with your students to make them literate. They will ... read more

Question: Wells Fargo Chairman said he didn't want to take TARP and said some of gov't programs were asinine - Munger - do you agree? Buffett - do you agree with Munger? Munger: Gov't reacting to biggest financial crisis in 70 yrs. decisions are being made in a hurry and under pressure. Unreasonable to expect perfect agreement with all of one's own ideas. I think the gov't is entitled to be ... read more