| All Munger and Buffett say is preserved. Only gaps and questions have been clipped to save your time. This is the Berkshire Hathaway Shareholders Meeting 2002.
May 4, 2002. Eight months after September 11, 2001 Warren Buffett explains how Berkshire Hathaway and other insurers have begun to protect themselves financially from catastrophic terrorist attacks that could destroy the industry. He has advice on how to choose friends and business partners, reveals how to stay in your “circle of competence,” and answers a very young shareholder who wants to know if he has on underwear from newly-acquired Fruit of the Loom. |
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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