Last weekend was the Berkshire Hathaway circus annual meeting. I spent most of that time reading through the notes and watching the media interviews from different sites (links are below). I won’t highlight anything specific, you can dig into it if you want. I will make two observations – on the enormity of Berkshire and learning from Buffett.
First, Berkshire is huge. It’s a ridiculous number of companies now (I don’t have the exact number, Google says more than 80?). The companies stretch into so many areas of the economy that Buffett knows how well the economy is doing, and can see major business/industry changes, before the Fed and anyone else. The information he gets from daily business updates gives him a huge advantage when buying new companies/stocks. Continue Reading…