Warren Buffett’s Berkshire Hathaway (BRK-A) held its annual meeting on Saturday, giving every finance geek on Twitter something to do on a weekend.
Every year tens of thousands of people head to Omaha to hear the world famous investor and his No. 2 Charlie Munger answer questions all day about the economy, investing, politics, and life. This year Buffett was pressed on health risks of Coke and whether his company is doing enough for the environment. There was a question about Trump. And there were thousands of tweets about Buffett and the meeting throughout the day. And for the first time, you didn’t have to be in Omaha to tweet about the meeting. The event was livestreamed by Yahoo.
Nonetheless if you didn’t watch, and you weren’t on your twitter feed all day, either, here’s a round up of some of the best tweets that described what happened at the Berkshire Hathaway 2016 shareholder meeting. (Note: The tweets are ordered not when they were tweeted but when the topics discussed came up in the meeting, roughly.)
Click here for all of Coins2Day‘s coverage of Berkshire’s annual meeting.
This kid beat Buffett in the annual newspaper tossing contest. I think he wins an ice cream bar. Congrats!
#BerkshireHathaway has $60Billion in cash. What does @WarrenBuffett want to buy: "Everything!" #BRK2016pic.twitter.com/NLTFb3WReB
— Susie Gharib (@susiegharib) April 30, 2016
Buffett takes questions from journalists, analysts, and shareholders in the crowd.
Https://twitter.com/m_delamerced/status/726404629156614144
Buffett took some heat on his investment in Coke. Journalist Andrew Ross Sorkin said sweetened beverages are linked to diseases that kill hundreds of thousands of people a year. Buffett responds that he’s not sure he would be any healthier if he only ate broccoli, but he knows he would be a lot less happy.
Buffett says fictitious twin that ate more broccoli and didn't drink Coke would not be as happy and probably not live as long. $KO#BRK2016
— Paul R. La Monica (@LaMonicaBuzz) April 30, 2016
No, Warren Buffett most of Coke's calories do not come from sugar, the white stuff. #BRK2016https://t.co/6Ew31GjEwZ
— Stephen Gandel (@stephengandel) April 30, 2016
Munger responds to why interest rates have remained so low for so long.
"If you´re not confused, you haven´t thought about it enough" Charlie Munger about the economy #BRK2016#brklivestream by @SyedmFuad
— Comunidad Financiera (@ComunidadFinan) April 30, 2016
For some, Buffett is not just an oracle on the stock market. Life, too.
First shareholder question: What would have Buffett done differenty to be happy: @WarrenBuffet: "couldn't be happier in life". #BRK2016
— Susie Gharib (@susiegharib) April 30, 2016
Buffett and Munger beat up on Valeant a bit.
Https://twitter.com/_steve2_/status/726546118058766336
https://twitter.com/ejorr_6/status/726452589022334977
Buffett has regularly said he supports Hillary Clinton, but he didn’t take the opportunity to call out Donald Trump. Said that he thinks economy, and Berkshire, will be fine no matter who becomes the next president.
Https://twitter.com/slantpointnow/status/726467869555478528
Speaks for itself.
How can men live longer? "Have a sex change." Buffett, somewhat jokingly, talking about how more women live to be 100 years old. #BRK2016
— Benzinga (@Benzinga) April 30, 2016
Buffett took some time out of the meeting to bash hedge funds.
How's Buffett doing with his bet that the S&P will beat any portfolio of hedge funds? In short, well. #BRK2016pic.twitter.com/4MKRujj6Th
— Stephen Foley (@stephenfoley) April 30, 2016
Ooohhhh… Buffett talking smack about Einhorn and Loeb and their reinsurance companies. #BRK2016
— Alex Rubalcava (@AlexRubalcava) April 30, 2016
On the big banks, Buffett said if you asked me about their derivatives portfolio, I couldn’t tell you.
@WarrenBuffett on derivatives: "big danger" to the financial system. Large derivatives are a "potential time bomb". #BRK2016
— Susie Gharib (@susiegharib) April 30, 2016
Buffett says he doesn't have the faintest clue about longterm oil prices. Munger: "I'm even more ignorant than you are." #BRK2016
— Anupreeta Das (@PreetaTweets) April 30, 2016
@m_delamerced You're never going to get to 700 calories by drinking diet.
— Mike Baker (@ByMikeBaker) April 30, 2016
Buffett’s No. 2 Munger had some memorable moments.
1:23: Charlie takes the loudest bite of peanut brittle in business history #BRK2016
— The Charlieton (@TheCharlieton) April 30, 2016
Charlie Munger on Hitler: "Imagine a guy stupid enough to think the way to improve science is to kick out all the Jews." #BRK2016
— Becky Quick (@BeckyQuick) April 30, 2016
Cattle rancher asks whether investing in cattle is a good idea.
Charlie says it's among the worst businesses he can think of. #BRK2016
— Alex Rubalcava (@AlexRubalcava) April 30, 2016
To Warren Buffett, CNBC Stands for
C Cyber
N Nuclear
B Biological
C Cyber attacks
#BRK2016— Kenyan Wall Street (@kenyanwalstreet) April 30, 2016
"I decided fairly early in life that my favorite employer is myself." – Warren Buffet #BRK2016
— Doug Porter (@The1DougieFresh) April 30, 2016
I love how Buffett denigrates PowerPoint while his board member, friend, and charity partner Bill Gates sits in the front row. #BRK2016
— Alex Rubalcava (@AlexRubalcava) April 30, 2016
https://twitter.com/ejorr_6/status/726495502448099331
Question about why no restructuring charges at Berkshire, Munger said it would be like killing your mother to get insurance money. #BRK2016
— Paul R. La Monica (@LaMonicaBuzz) April 30, 2016
Buffett: In the long term, I think that climate change is a terribly important problem for civilization. #BRK2016
— Stephen Gandel (@stephengandel) April 30, 2016
#Berkshire meeting ends with Charlie Munger: "if you see the world accurately, it's bound to be humorous because it's ridiculous" #BRK2016
— Susie Gharib (@susiegharib) April 30, 2016
That's a wrap on Berkshire coverage. Until next year! Enjoy the weekend. And "Views" from wherever you are. #BRK2016pic.twitter.com/Rx06BZzT5f
— Paul R. La Monica (@LaMonicaBuzz) April 30, 2016