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Warren Buffett Berkshire Hathaway Annual Meeting 2021 Summary & Analysis



๐Ÿ“บ Berkshire Hathaway 2021 Annual Shareholders Meeting $BRK.B was a little different from usual as once again it did not gather thousands of people and we had not only Warren Buffett and Charlie Munger speaking but also Ajit Jain and Greg Abel.


โŒ›Warren Buffett showed a list of the 20 largest companies in the world today and the 20 largest companies in the world 30 years ago. None of these 20 companies stayed on the list. ๐™๐™๐™š ๐™›๐™ช๐™ฉ๐™ช๐™ง๐™š ๐™ž๐™จ ๐™ฃ๐™ค๐™ฉ ๐™š๐™ฆ๐™ช๐™–๐™ก ๐™ฉ๐™ค ๐™ฉ๐™๐™š ๐™ฅ๐™–๐™จ๐™ฉ. If a stock has been growing by 20% a year for the last 10 years, it may not continue to do so. This is an example of an essential part of entrepreneurial capitalism, Creative Destruction. For example, Google $GOOG is now returning more cash to shareholders than investing in R&D, this is a new stage to their business lifecycle.


๐Ÿš— Warren Buffett also showed us a list of car companies that went bankrupt. There have been over 2000 of them. ๐™€๐™ซ๐™š๐™ง๐™ฎ๐™—๐™ค๐™™๐™ฎ ๐™ฌ๐™–๐™จ ๐™ฉ๐™ง๐™ฎ๐™ž๐™ฃ๐™œ ๐™ฉ๐™ค ๐™ข๐™–๐™ ๐™š ๐™– ๐™ฃ๐™š๐™ฌ ๐™˜๐™–๐™ง. Today only some of these companies survived. Just because a technology is new and revolutionary doesn't mean you should invest in it without doing your homework.


โœˆ๏ธ ๐™’๐™๐™ฎ ๐™’๐™–๐™ง๐™ง๐™š๐™ฃ ๐˜ฝ๐™ช๐™›๐™›๐™š๐™ฉ๐™ฉ ๐™™๐™ž๐™™๐™ฃ'๐™ฉ ๐™—๐™ช๐™ฎ ๐™จ๐™ฉ๐™ค๐™˜๐™ ๐™จ ๐™™๐™ช๐™ง๐™ž๐™ฃ๐™œ ๐™ฉ๐™๐™š ๐™˜๐™ง๐™–๐™จ๐™ ๐™ž๐™ฃ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฌ ๐™–๐™ฃ๐™™ ๐™ฌ๐™๐™ฎ ๐™๐™š ๐™จ๐™ค๐™ก๐™™ ๐™ฉ๐™๐™š ๐™–๐™ž๐™ง๐™ก๐™ž๐™ฃ๐™š๐™จ? He's managing over $800 billion and it is hard for him to find good deals, especially with the Fed providing liquidity. Besides, he had to sell the airlines since they were getting money from the government and he didn't want to put Berkshire Hathaway in an uncomfortable situation.


๐Ÿ“š ๐™๐™๐™š ๐™จ๐™ฉ๐™ค๐™ง๐™ฎ ๐™ค๐™› ๐™๐™ค๐™ฌ ๐™’๐™–๐™ง๐™ง๐™š๐™ฃ ๐˜ฝ๐™ช๐™›๐™›๐™š๐™ฉ๐™ฉ ๐™ข๐™š๐™ฉ ๐˜ผ๐™Ÿ๐™ž๐™ฉ ๐™…๐™–๐™ž๐™ฃ ๐™ž๐™จ ๐™ž๐™ฃ๐™ฉ๐™š๐™ง๐™š๐™จ๐™ฉ๐™ž๐™ฃ๐™œ. The latter didn't know anything about insurance and today, 35 years later, he's managing one of the largest insurance businesses in the world. You can always learn. As for the successor of Warren Buffett as CEO, it is going to be Greg Abel.


๐Ÿ’ธ Warren Buffett says that he doesn't base his investments on ๐™ข๐™–๐™˜๐™ง๐™ค๐™š๐™˜๐™ค๐™ฃ๐™ค๐™ข๐™ž๐™˜๐™จ. He still believes in America $SPX500 , and that stocks are cheap if interest rates are at 0%. He's seeing inflation.


๐Ÿ’ผ There were two important votes on Climate Change and Diversity during the business part of the meeting. Warren Buffett says that these proposals come from institutional investors who do not have skin in the game.


Watch the full video on YouTube:

https://www.youtube.com/watch?v=oSn8oUlwZwo&list=UUPO3uUyoXSaFWG-Ldq1mqEQ&index=2




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