Berkshire Hathaway 2015 AGM – Pender's Key Take-Away Thoughts

Berkshire Hathaway 2015 AGM - Pender's Key Take-Away Thoughts by Pender Funds

Felix Narhi and Ian Collins attended the recent Berkshire Hathaway Annual Meeting in Omaha. As the company was celebrating the 50^th year anniversary since Warren Buffett took management control, the mood was particularly festive with record attendance. As always, we enjoyed the opportunity to hear first-hand from two of our value investing icons, Warren Buffett and his partner, Charlie Munger. Here are the things that struck us the most, with our further thoughts on these topics highlighted in italics below.

Berkshire Hathaway 2015 Annual Meeting

“Always be open to good accidents” – Warren Buffett

When asked whether Buffett thinks he could repeat his success in insurance if he started...