Why did Warren Buffett change his investment approach?

Warren Buffett and Charlie Munger answer three questions at the 2003 Berkshire Hathaway annual meeting.
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[@JamesToler]

Please note particularity we own stocks based on our expectation of their long term business performance not because we view them as vehicles for timely market views. We are not a stock pickers, we are business pickers.
I’m a great admirer of Mr. Buffett and this TH-cam channel. Terrific content. Thank you!
Timeless!

[@raindogs451]

I find many of the Berkshire shareholder questions to be subtly self aggrandizing, and verbose

[@M.-.D]

This is the minimum requirement to submit a question….
The central asking of questions by the CNBC/event team is the best thing they did.

[@brunomatias9124]

Value of the education by visiting Berkshire event.
Learn to buy good businesses - a better long term strategy.
Keep leaning all the time.
Never underestimate quality in businesses.
Listen to criticism, take it constructively and be open to change your mind.
The qualitative side is harder to teach than the qualitative side.
Warren (Quantitative side) / Charlie (Qualitative side)
Buy quality and keep it for a long time.

[@aaryanmehta4609]

But again the cigar butt approach works well if you’re starting out

[@CharlieChaplinVideos]

buy quality and keep it for decades

[@agaashagaash6320]

3:30, 5:15, 7:40

[@pongfoong8760]

Happen not easy

[@minimalisthealth]

My God, how does he speak of relatively minor (by his own testimony) shit in the 30s, like the Gillette case, as if it happened three months ago?

[@pongfoong8760]

Issue new one it gonna happen new thing as you know

[@ronniedelahoussayechauvin6717]

Corruption💯

[@russmian6078]

Stock market slaves ...

[@fahrenheit9646]

Commie

[@cryptomike6287]

9 to 5 slave

[@russmian6078]

@@cryptomike6287 full time thief .. Taking credit for other peoples work...

[@investment7553]

You found a better alternative?

[@russmian6078]

@@investment7553 but of course ... its called "eat the rich" ...