Warren Buffett: I will listen to my wife, but when it comes to financial management, "there is no better person in the world to talk about than Munger"

Jimu News

2024-05-06 11:52Posted on the official account of Hubei Chutian Metropolis Daily

From the evening of May 4th to the early morning of May 5th, Beijing time, the annual Berkshire shareholders' meeting was held in Omaha, the hometown of Warren Buffett, a famous investment city in the United States and the "god of stocks". Tens of thousands of investors gathered here to listen to Buffett's market views, investment strategies and even life philosophy.

Unlike previous years, this conference is Buffett's first solo appearance after the death of his old partner Charlie Munger.

Warren Buffett buys ice cream to eat on shareholder shopping day (Source: Red Star News)

In November 2023, Munger died at the age of 99 when he was just 33 days away from his 100th birthday. Although Munger was absent from the 2024 shareholder meeting, he was everywhere.

Before the Q&A session began, the mystery short film of the shareholders' meeting was a film about 30 minutes long in memory of Munger. It is worth mentioning that in previous years, only those who attended the Omaha conference could see the annual meeting film, but this is the first time that it has been shown simultaneously on the Internet. At the end of the video, Buffett calls Munger "the architect of Berkshire."

After the video tribute to Munger was played, Buffett asked the staff to turn on the lights in the venue for the late Munger. About 30,000 shareholders stood up and applauded to pay tribute to Buffett's business partners for more than 60 years. After that, Warren Buffett took the stage to start the Berkshire Hathaway Annual Meeting.

In the Q&A session in the morning, a child asked what he would do if he had the opportunity to spend another day with Munger, to which Warren Buffett replied, "There is no perfect answer to this question, but I want to say that Charlie and I will still spend time together in the same way as before." ”

Buffett said that his and Munger's lifestyle is to make themselves as happy as possible. Munger loves to learn and is interested in many things, even more broadly than Warren Buffett. The two are like-minded, and the time spent together is even happier than being alone.

"It's also fun to make mistakes together, to correct them and learn from them. It seems to be even happier because your partner will help you out of trouble, and a lot of the ideas he gave us ten years ago are still making us profitable. Buffett said that when they were together, they never had a suspicious attitude towards each other.

"I've never seen anyone like Munger, who lived to the pinnacle of his life at the age of 99 and people all over the world wanted to come to you. Buffett said that they have never had an argument or a moment of mutual annoyance, and every time they talk to each other on the phone, they can get high energy.

Buffett said that in memory of the deceased Munger, Munger's "Poor Charlie's Book" will be the only book to be sold at this year's shareholder meeting, compared with about 25 books usually on sale at previous shareholders' meetings.

Buffett also said at the shareholder meeting that he would listen to his wife, but he would prefer to discuss with Munger in terms of financial management.

"I trust my kids and wife completely, but that doesn't mean I ask her what stocks to buy. When it comes to finances, for many, many years, there has been no better person in the world to talk about than Charlie Munger. Listening to my wife on a lot of things, I won't go into the details, so that's important. Warren Buffett said.

(Source: Jimu News)

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