Buffett Munger Unscripted

For decades, thousands of people have gathered in Omaha, Nebraska for the Berkshire Hathaway AGM, and quizzed Warren Buffett and Charlie Munger on everything from the psychology of successful investing to the future of Coca-Cola and Apple. But unless you attended, for many years you only had access to what people could remember and report back. In 2018, Berkshire released the archives of the annual meetings going back to 1994. Alex Morris— an equities analyst and financial writer—watched hundreds of hours of video from these annual meetings (as well as the six AGMs held since 2018), covering more than 1,700 questions asked by Berkshire Hathaway shareholders over 31 years. He then gathered, organized and edited the most interesting material into a comprehensive and accessible form. From the art of intelligent capital allocation to the best ways to judge and compénsate management, from understanding the nature of markets to embracing the power of long-term time horizons, this is a book with compelling insights and memorable quotes on every page. In addition to collecting many famous quotes in their original context, it is a deep treasure trove of profound insights on all aspects of investing and business. Discover the importance of avoiding difficult decisions, the first question you should ask on a potential new investment, how to recover from unsuccessful investments, the importance of finding the right owners, Buffett and Munger’s book recommendations—and much more.