Warren Buffett at Berkshire AGM: "I Think the Opportunities Will Be Greater"

Warren Buffett and Charlie Munger showered us with wisdom last weekend at the Berkshire Hathaway annual shareholders meeting.
In this video I share my highlights from nearly 5 hours of Q&A!
Watch the full session here: • Watch Warren Buffett a...
Read my highlights on Twitter here: / 1656384653136130051

[@JackDuffley]

Warren: "Opportunities will be greater" Charlie: "Get used to less" 😅

[@BradKaellner]

Both of their points seem valid 🤷‍♂️

[@janoz06]

Thanks Brad

[@BradKaellner]

You got it my guy 🥂

[@susymay7831]

Warren Buffett has in the past admitted to making one serious emotional decision that was extremely costly: Buying Berkshire Hathaway when the CEO of Berkshire broke his word on what he would buyback Warren's shares for and sent over a contract with a price that had a tiny markup. After this Warren emotionally vowed to buy this failing business, fire the CEO, and turn the company around.

[@christophenour]

Well, their message is very clear haha. By the way, you should do a video about Lou Simpson (he managed GEICO portfolio and averaged 20% annually for 25 years). Buffett praises Simpson in 2004 letter to shareholders and this is an amazing performance. I talk about him in my latest video if you're interested! Best

[@makisigtan2181]

Great recap. Thanks Brad!

[@BradKaellner]

You’re very welcome 🙌

[@alextitaus]

Thank you! Much appreciate the effort:)

[@BradKaellner]

It’s a win/win 🍻

[@BrandonRodriguez283]

Hi Brad. I've been thinking about what "value" and "opportunity" means. In the 60's, value was in cigar butts and such... but maybe today there's value in trading, as these "cigar butts" have kind of disappear - like for example, Gene Simmons would agree with that, right?

[@BradKaellner]

Jim Simons?

[@BrandonRodriguez283]

@@BradKaellner yeah that one lol my bad

[@Wrex327]

Hi Brad, great piece of knowledge as usual. I have a recommendation for you to look into. In the video about 10x baggers you shared with us study done by Dede Eyesan from Jenga Partners. I have looked into it and started digging more into his fund and I really love his investment philosophy! They are able to find a lot of hidden gems in stock market for smaller investors. Maybe you can do a video about him? I think there is a lot of for us to learn from him.

[@BradKaellner]

Great suggestion!

[@calebwert9514]

Wow you really like that room dark lol

[@BradKaellner]

I’m not saying I’m Batman but nobody has ever seen us in a room together 🦇

[@mrmo3379]

I have no idea what the term bat 1000 means. Does it mean to get a 1000% return?

[@BradKaellner]

Baseball term… means never strike out

[@VIX497]

Wall street became war street ☠️☠️

[@BradKaellner]

Meaning?

[@sc358.]

> #8 < Good time to migrate away from 13fs and into overlooked stuff. Bet he'd be in dark stock & pico-micro caps today. Although there's opportunities all over, long, plenty to short if that's ur thing, m&a/special sits always something... Maybe not so many swing big opportunities atm but plenty out there. Whoever says you can't outperform 🤦‍♂️ Would've been funny to see ur graphics guy having the Buffdog smacking Dalio as he says cash is trash, there's time 😂

[@sc358.]

I'd probably start a short book if I had the time to manage it properly. Stuff like Tesla, Carvana, Coinbase seem like pretty obvious shorts (so was Bed Bath and Beyond) but the vol is pretty insane. Opportunity to make more than a double if you manage the positions well too, not saying it's easy but know of some good shorts who were up triple digits last year. Probably best to avoid being short unless you're very dedicated to it (even if you are you can get your head taken off) but I think there's plenty of money to be made there.

[@Tendomcgoobin]

His "graphics guy" is one of the countless AI art platforms like Midjourney or something.

[@BradKaellner]

Midjourney 🎯

[@BradKaellner]

Haha, one man’s trash is another man’s treasure 🤑