Post by stcks on May 6, 2017 21:04:03 GMT
Take a ways from Berkshire Hathaway's annual shareholders' meetingon Saturday.
1. "millennial" asked - extension the firm's own shareholders. Apple gives the world iPhones, while 3G Capital improves operations, he argued, but what does Berkshire do? Buffett said: "We certainly don't add to value by calling them up and saying we developed a better system," said Buffett. "We might very well free up about 20% of the time of a CEO just in terms of meeting with analysts, the calls and meeting with banks. Essentially, we relieve them so they can spend their time figuring out how to run their business."
Note: OPKO does not have to worry about this. Because Dr Frost does not talk to any of them.
2. Warren Buffett sees cyber attacks as a bigger threat to humanity than nuclear weapons. Buffett said: "I'm very pessimistic on weapons of mass destruction generally although I don't think that nuclear probably is quite as likely as either primarily biological and maybe cyber,"
Note: Cyber attacks will not destroy humanity as we know it.
3. He told attendees that Jack Bogle, the creator of the first index fund, has "probably done more for the average investor than probably any man in the country," citing lower fees combined with solid returns through investing in index funds. Jack Bogle the founder of The Vanguard Group, is going to save American investors '100s and 100s of billions.
Note: Vanguard Group took in 54% all inflows to mutual funds. At $289 billion. He right on this one.
4. "When the rest of the world is fearful, we know that America will come out fine,"
Note: Agree 100%
5. Charlie Munger, Buffett's partner, also decried incentives for healthcare providers to charge ever higher costs for procedures with questionable impact, saying there is "too much chemotherapy on people that are basically dead." "A lot of it is greatly immoral," Munger said. "You have a lot of doctors and hospitals that are feasting on a dying person like jackals on a carcass."
Note: Would not want to be him next time he goes to the doctor.
www.businessinsider.com/category/berkshire-hathaway-annual-meeting-2017
1. "millennial" asked - extension the firm's own shareholders. Apple gives the world iPhones, while 3G Capital improves operations, he argued, but what does Berkshire do? Buffett said: "We certainly don't add to value by calling them up and saying we developed a better system," said Buffett. "We might very well free up about 20% of the time of a CEO just in terms of meeting with analysts, the calls and meeting with banks. Essentially, we relieve them so they can spend their time figuring out how to run their business."
Note: OPKO does not have to worry about this. Because Dr Frost does not talk to any of them.
2. Warren Buffett sees cyber attacks as a bigger threat to humanity than nuclear weapons. Buffett said: "I'm very pessimistic on weapons of mass destruction generally although I don't think that nuclear probably is quite as likely as either primarily biological and maybe cyber,"
Note: Cyber attacks will not destroy humanity as we know it.
3. He told attendees that Jack Bogle, the creator of the first index fund, has "probably done more for the average investor than probably any man in the country," citing lower fees combined with solid returns through investing in index funds. Jack Bogle the founder of The Vanguard Group, is going to save American investors '100s and 100s of billions.
Note: Vanguard Group took in 54% all inflows to mutual funds. At $289 billion. He right on this one.
4. "When the rest of the world is fearful, we know that America will come out fine,"
Note: Agree 100%
5. Charlie Munger, Buffett's partner, also decried incentives for healthcare providers to charge ever higher costs for procedures with questionable impact, saying there is "too much chemotherapy on people that are basically dead." "A lot of it is greatly immoral," Munger said. "You have a lot of doctors and hospitals that are feasting on a dying person like jackals on a carcass."
Note: Would not want to be him next time he goes to the doctor.
www.businessinsider.com/category/berkshire-hathaway-annual-meeting-2017
