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3 Key Takeaways from Warren Buffett's Annual Shareholder Meeting
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Over the weekend, Warren Buffett hosted the annual Berkshire Hathaway (NYSE: BRK.A) shareholders meeting.
The so-called "Woodstock for Capitalists" featured a few surprise revelations from the Oracle of Omaha.
Buffett, who has been at the helm of the company since 1970, expressed optimism over the long-term outlook of the U.S. economy.
"Nothing can basically stop America," Buffett quipped.
But if you dig through the transcript or listen closely to the full video of the event, you can't help but notice that Buffett was less optimistic about the near-term conditions and more realistic about the challenges that we face in the months and years ahead.
Here are the three most important takeaways of the 2020 Berkshire Hathaway Annual Shareholder Meeting.
Warren Buffett’s Favorite Stock Just Hit Our Buy Zone
He's the most famous investor in the world. He's the Oracle of Omaha, the world's second richest man.
And one of his most favored stocks is ready for takeoff again.
This company makes one of Buffett's favorite products – one you can regularly find on his desk at all hours of the day.
And it has a big year ahead, expanding into new product territory after a key acquisition.
Our Top Stock to Buy in Warren Buffett's Favorite Industry
Although the yield curve remains stubbornly flat despite the economy's emergence from post-financial crisis malaise, bank stocks are on the verge of an upside breakout.
But don't take our word for it – the Oracle of Omaha himself is putting his money where his mouth is.
You Can Beat Warren Buffett at His Own Game with This Pick
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No one denies Warren Buffett is a great investor, but to buy just one share of Berkshire Hathaway, it will cost nearly $300,000.
However, there's a way to own what Buffett owns at a massive discount.
In fact, it will cost you just $10. Here are all the details...
Here Are Three Tough Questions I'd Ask Warren Buffett If I Won Lunch with Him
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Our Tim Melvin is here with the three questions he would ask the Oracle of Omaha if he won the "Have Lunch with Warren Buffett" auction this week.
In fact, they're the kind of questions that might make Buffett sweat at the table...
Here's the Very Good Reason Warren Buffett Scared Everyone This Year
There are a million reasons for investors to go and read Warren Buffett's annual letter to Berkshire Hathaway Inc. shareholders. In fact, at this point – let's face it – they're really letters to every single shareholder on Earth.
In these letters, you're absolutely guaranteed to find some of the most uncommon common sense in all of Anglo-American capitalist thought, as well as fundamentally sound arguments and insights colored by deep experience.
In other words, the "Oracle of Omaha," the stock market's friendly, shrewd, and unreasonably rich grandpa, dishes really good stuff in these letters – in plain, Nebraska-accented English, to boot.
But here's the catch: If you're going to "invest like Buffett," you absolutely, positively must be prepared to hang tough like Buffett…
…and, inevitably, you have to be ready to hemorrhage money like Buffett.
That is exactly why what the Oracle of Omaha said this year was so shocking to the uninitiated.
Turns out, sometimes the Oracle's job is to scare the living daylights out of you – go ask any ancient Greek you meet at the bar.
Warren Buffett Can't Buy These Unreasonably Profitable Companies; You Can
"What will Warren buy?"
That's the question at the forefront of many people's minds today after Berkshire Hathaway revealed a gigantic $116 billion cash hoard in its annual shareholder letter over the weekend.
It's not just an academic exercise, either. $116 billion is serious money, even in 2018, and when that kind of cash goes into play, it'll have very real implications for every investor.
Naturally, every financial writer on Earth rushed to write "Buffett Will Buy XXX, So You Should Too."
It's a tempting idea. It even tempted me for two seconds or so, until this occurred to me…
With a cash pile of over $116 billion, it makes no sense whatsoever for Buffett and No. 2 man Charlie Munger to buy anything for a penny less than $10 billion.
It just would not move the needle much at all. The not-inconsiderable hassle of filing the regulatory documents for such a deal would make it not worthwhile.
I think it will be much more interesting (and profitable) for us to think about Warren might do if Berkshire was not quite as large and he had a little more flexibility.
Looking at his published acquisition criteria, he likes… the same kinds of companies I do.
Businesses that are consistently profitable, simple to understand and manage, with excellent management willing to stay in place.
I sat down and spent some time thinking about what the Oracle of Omaha would – not should – buy if the size made sense.
Bezos, Buffett, and Dimon Just Handed Big Pharma and Healthcare a "Buggy Whip Moment"
Three of the biggest names in finance and the markets – Bezos, Buffett, and Dimon – are looking to give Big Pharma and healthcare what our Tim Melvin calls a "buggy whip moment."
10 Top-Performing Warren Buffett Stocks and 1 to Buy
All 10 of these top-performing Warren Buffett stocks have gains of more than 20% so far this year, with one up over 34%.
And our expert recently recommended a company that Warren Buffett currently invests in. Buffett has nearly 4 million shares worth over $180 million in this undervalued company.
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