9 MORE Takeaways From Buffett and Munger — Part 2

From Berkshire Hathaway’s 2022 Annual Meeting

Photo by micheile dot com on Unsplash

I forgot to highlight one of my favorite parts of any Berkshire Hathaway annual conference in Part 1. The “Berkshire bazaar of bargains.” There is a reason the event is known as the “Woodstock for Capitalists.” It would not be capitalism if Berkshire did not feature its own products throughout the day-long carnival.

9 Takeaways From Buffett and Munger — Part 1

My favorite product features are the See’s Chocolates and Diet Coke expertly placed on Buffett and Munger’s table. They are still crushing chocolate and Diet Coke after all these years. With 91 and 98 years on this planet respectively, maybe they know something we don’t.

1. What about their cash reserves?

One take I heard on TikTok was that Buffett and Munger warned everyone to hoard cash. The TikTok creator suggested this indicated economic calamity of sorts. Clearly she had not looked at Berkshire’s history of cash reserves.