Annual Meetings
Every year at Berkshire Hathaway's annual meeting, Warren Buffett and Charlie Munger answer
a wide range of questions for five hours. Historically, no recordings were allowed,
requiring attendees to be present to witness the event. Now, for the first time,
Berkshire is sharing its own videos of these legendary Q&A sessions, allowing a broader
audience to experience their insights and wisdom.
2024
The first without Charlie Munger, who passed away in December 2023. Warren Buffett, accompanied by Vice Chairmen Greg Abel and Ajit Jain, discussed topics such as the decision to sell 13% of Berkshire's Apple stock and expectations regarding future capital gains tax rates.
2023
Buffett and Munger covered various topics, including the performance of Berkshire's key businesses, investment strategies, and their perspectives on the broader economy. This was one of the last meetings Munger attended.
2022
Discussions included the economic impact of the COVID-19 pandemic, inflation concerns, and Berkshire's recent investments. Buffett and Munger also shared their views on market volatility and long-term investment strategies.
2021
The meeting focused on the recovery from the COVID-19 pandemic, the role of technology in the economy, and Berkshire's approach to sustainable investments. Buffett and Munger also talked about their long-term vision for the company.
2020
Amid the global pandemic, the meeting was held virtually. Buffett discussed the economic downturn, the resilience of Berkshire's diversified portfolio, and provided insights into the company's strategy during the crisis.
2019
The meeting highlighted Berkshire's strong financial performance, key investments, and the importance of ethical leadership. Buffett and Munger answered questions about succession planning and the future direction of the company.
2018
Discussions included Berkshire's investment in Apple, the company's cash reserves, and the economic impact of trade policies. Buffett also emphasized the importance of value investing and long-term thinking.
2017
The meeting covered a range of topics including the benefits of diversification, the significance of Berkshire's insurance operations, and the value of maintaining a conservative financial approach.
2016
Discussions included Berkshire's significant acquisitions, the performance of its stock portfolio, and their views on economic challenges and opportunities. They also talked about the importance of company culture and ethics.
2015
The meeting celebrated Berkshire's 50th anniversary under Buffett's leadership. Key discussions included reflections on the company's growth, major investments, and the importance of maintaining a long-term perspective.
2014
Discussions highlighted Berkshire's growth, its investments in various sectors, and their philosophy on value investing. They addressed shareholder questions on market trends and future company strategies.
2013
The meeting focused on Berkshire's strong financial results, key acquisitions, and the importance of maintaining a long-term investment approach. Buffett and Munger shared their thoughts on economic policies and the global market outlook.
2012
The meeting highlighted Berkshire's resilience during economic downturns, its investment in diverse industries, and Buffett's perspective on fiscal responsibility. Munger and Buffett also discussed the company's succession plan.
2011
Discussions featured Berkshire's investment strategy, its strong cash flow, and the challenges posed by global economic uncertainty. Buffett and Munger addressed questions on market volatility and future investment opportunities.
2010
The focus was on Berkshire's performance during the financial crisis, its investment in railroad company BNSF, and the long-term outlook for the US economy. The discussion also covered corporate governance and sustainability.
2009
Held in the aftermath of the financial crisis, the meeting addressed the impact on Berkshire, their strategy for navigating economic turbulence, and the importance of staying focused on long-term goals.
2008
Amid the financial crisis, the meeting emphasized Berkshire's strong fundamentals and its ability to capitalize on market opportunities. Buffett shared insights on risk management and the importance of prudent investment practices.
2007
The focus was on Berkshire's expansion into new sectors, the performance of its insurance business, and the value of maintaining a diversified portfolio. Discussions also covered market speculation and economic growth.
2006
Discussions covered Berkshire's strong financial results, key investments, and Buffett's philosophy on value investing. Topics also included future acquisitions and the company's approach to risk management.
2005
The meeting highlighted Berkshire's achievements, its diverse investment portfolio, and their long-term vision. Buffett and Munger shared insights on investment strategy and the importance of ethical business practices.
2004
Topics included Berkshire's investments, subsidiary performance, and the broader economic environment. Buffett and Munger answered questions on corporate governance and global market trends.
2003
The meeting focused on Berkshire's recovery from the dot-com bubble, strategic acquisitions, and investment in value stocks. Insights were shared on risk management and long-term planning.
2002
The discussion addressed the challenges posed by the post-9/11 economic landscape, highlighting Berkshire's resilience and a conservative investment approach.
2001
Held shortly after the September 11 attacks, the meeting discussed the impact on the insurance industry, the broader economy, and Berkshire's strategic response to global uncertainty.
2000
The focus was on Berkshire's strategy during the dot-com bubble, emphasizing value investing and caution against speculative tech stocks, and their views on the future economy.
1999
Discussions highlighted Berkshire's expansion into new industries, performance of key businesses, and their investment philosophy. Buffett and Munger shared their outlook on market speculation and growth.
1998
The meeting focused on Berkshire's acquisition of reinsurance giant General Re and the strategic benefits it brought. Buffett and Munger discussed the integration process and views on the insurance industry.
1997
Topics included Berkshire's financial performance, key investments, and maintaining a disciplined investment approach. Discussions also covered market volatility and economic cycles.
1996
The focus was on Berkshire's growing portfolio, subsidiary performance, and investment strategies. Emphasis was placed on long-term thinking and shareholder value.
1995
The meeting highlighted Berkshire's acquisition of GEICO, stock portfolio performance, and future growth prospects. Buffett and Munger discussed investment philosophy and market trends.
1994
Discussions included Berkshire's expansion, core business performance, and market opportunities. Buffett and Munger provided insights on the importance of a strong management team and ethical business practices.