It’s Warren Buffett Time Again
May 9, 2009 by Jean Murray
Filed under Business
Warren Buffett, the “Oracle of Omaha,” holds a unique shareholder’s meeting each year for Berkshire Hathaway in Omaha. This year, over 35,000 attendees (shareholders and reporters) listened to Buffett and Charlie Munger talk about the company and many other subject.
Buffett traditionally answers questions from attendees on a wide-ranging list of issues. This year:
(090505) -- OMAHA, May 5, 2009 -- Berkshire Hathaway Chairman Warren Buffett speaks during a press conference in Omaha, Nebraska, the United States, May 3, 2009.
- He shared his concern about the future of newspapers,
- The possible nationalization of insurance companies.
- Reflections on an upturn in the housing market, although at lower prices,
- And the value of simplicity. “If you can’t understand it, don’t invest in it.”
The people who bought derivates should have been listening to that last comment.
