Our Takeaways from the Berkshire Hathaway Meeting

00:00 Intro
00:50 Thoughts on the Berkshire meeting
09:50 Buffett’s thoughts on the market
12:50 Capital allocation after Buffett
17:00 Why is Buffett selling $AAPL?
23:20 Insurance and Ajit Jain
25:00 Markel as a mini Berkshire?
29:00 Canadian business
31:00 Greg Abel’s allocating ability
33:30 Future corporate tax rates
41:35 Culture
42:45 50% a year
57:00 Munger
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[@l4k]

Slowing down at 93 is understandable 😂 The man is a machine

[@TSOHInvestmentResearch]

Great episode, thank you Andrew and Geoff!

[@felrobelv]

Andrew, you should give us a tour on your library, that we can see on your background!

[@rationalwalk]

Thanks for answering my MKL question!

[@easterntechartists]

Love Geoff. Which I could meet him or if he does conference?

[@Datapoint90]

Regarding tax rates @ 33:40
Higher taxes would directly affect consumption and returns for companies, really no matter where or how they show up in the economy. If inflation gets moving again (which both Buffett and Jamie Dimon seem to bet on), that will lead to lower real returns for companies and investors. Couple those factors with higher interest rates in the future, leading to increased costs to borrow, putting even more pressure on companies' profitability. Higher interest rates also make money markets a more attractive alternative for investors, putting pressure on the stock market. I'm guessing this is why Buffett says he is not worried about his large cash pile at the moment.

[@Jean-Luc-sh2pg]

Is andrew wearing invisalign?

[@BuonoBruttoCattivo77]

Canada investment could be Irving Oil assets.