Berkshire Hathaway 2021 Annual Shareholders Meeting Podcast

3/ Buffett and Munger explain the Wells Fargo scandal, justify a potential $100 billion stock buyback, share some fun investments, and address the state of politics.  See acast.com/privacy for privacy and opt-out information.

Warren Buffett justifies stock buybacks, saying that he has no ambition to "spend a dime" if he doesn't think shareholders will be better off for it. Charlie Munger say Berkshire will be "more liberal" in repurchasing shares. The two also discuss the state of their rail businesses.  See acast.com/privacy for privacy and opt-out information.

Warren Buffett gives opening remarks, introduces Berkshire Hathaway's board members, and discusses Q1 earnings. He also criticizes a new accounting rule.  See acast.com/privacy for privacy and opt-out information.

Yahoo Finance's Andy Serwer, Jen Rogers, Myles Udland, Julia La Roche and Javier David preview what Berkshire Hathaway's Warren Buffett and Charlie Munger may discuss and describe what it's like to be at the meeting in person. The preshow includes a pre-taped conversation with Buffett.  See acast.com/privacy for privacy and opt-out information.

Berkshire Hathaway shareholders vote on key business matters.

Yahoo Finance's Andy Serwer, Jen Rogers, Myles Udland and Julia La Roche identify highlighs from the Q&A. Ariel Capital CEO John Rogers and Nebraska Governor Pete Ricketts stop by.

Buffett and Munger argue for advancing gender equality in corporate C-suites. They also discuss the nuances of capital allocation and the decision to buy back stock. The two explain why they don't invest in big tech companies, noting that they don't consider Apple a tech company. And they also talk about the challenges of determining employee pay.

Buffett discusses Berkshire's association with AIG. He also explains the intangible value offered by brands like American Express, Coca-Cola and See's Candies. He also talks about the work that comes with hostile bids and activist investing. The two explain why you don't need an expensive education to be a good investor.

Buffett discusses where the benefits of corporate tax cuts go. He explains the value of knowing multiple languages in the globalized world. In response to a Berkshire employees question, the two explain why some Berkshire companies have high-fee funds in their 401k plans.

Buffett explains why Berkshire has become more open to investing in capital-intensive businesses. He discusses the challenges faced by the newspaper business and how the New York Times, Wall Street Journal and Washington Post are among the few with working business models. The two slam the mania in bitcoin and cryptocurrencies, and explain why these non-productive assets have no real value.

Buffett discusses his relationship with Bill Gates and explains why he never invested in Microsoft. He reiterates why the U.S. economy is great, despite recent political turmoil. Munger talks about the problems with having a rigid formula in valuing companies. Buffett explains why he's okay with Apple buying back shares instead of deploying capital in some other productive way. He also discusses American Express and the landscape for payment processors.

Yahoo Finance's Andy Serwer, Jen Rogers, Myles Udland and Julia La Roche speak with Peking University's Jeffrey Towson, Berkshire director Ron Olson, veteran Wall Streeter Whitney Tilson, model Kathy Ireland, author Robert Miles, Brooks Running CEO Jim Weber, Nebraska Furniture Mart chairman Ron Blumkin, actress Glenn Close, and Aquamarine Fund CEO Guy Spier.

Buffett discusses Geico-izing small commercial insurance businesses. Munger predicts the U.S. will get single-payer health care if the Democrats take control of both houses and the White House. Buffett discusses the importance of "moats" in business. He also says Elon Musk shouldn't challenge Buffett in the candy business.

Buffett and Munger explain why they separate their politics from business and the challenges that come with trying to enforce such policies in business. Buffett explains why Berkshire prefers to return capital to investors in the form of buybacks instead of dividends. He explains how he would invest a billion dollars in the U.S., and why he'd be unlikely to invest it in an emerging market.

Buffett expresses his hope to improve the U.S. health care system through Berkshire Hathaway's new partnership with Amazon and JPMorgan. He also discussed Ted Weschler and Todd Combs' investment performance. The two also discuss the consequences of tariffs and the challenges of free trade.