Enterprising Investor Forum

Berkshire ASM recap Tuesday, May 6, 2008

Here is an interesting interview from Morningstar, just after the meeting took place this weekend.

Basically:

• No real worries on the derivatives side.. they will hold to maturity, therefore should not be a concern.
• Very interesting to note that Berkshire has put a lot of money to work and that they are looking for more opportunities – as always.
• Start of first ‘new’ business for Berkshire with Muni Bond portfolio.
• Buffett’s return expectation for Berkshire’s public equities is around 10% – as for Berkshire – simply due to the size of the Berkshire conglomerate.
• Upcoming trip to Europe to try and look for interesting family run businesses (mainly in Germany) – Berkshire is the ideal partner.

Enjoy!