Between 1984 and 2011, Charlie Munger, the vice-chairman of Berkshire Hathaway and Warren Buffett's business partner, served as CEO and Chairman of Wesco Financial, and the company's AGMs became one of the must-attend events on the calendar for value investors.
Munger ran Wesco as a mini Berkshire, although it did have a different strategic focus to the larger group.
Munger held his last Wesco AGM in 2011, and the audience and the group's shareholders asked him a wide range of questions. His answers provide a fascinating insight into the value investor's way of thinking at the time and views on the market.
Q1 2023 hedge fund letters, conferences and more
Munger on...
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