Log out
My profile and settings
My bookmarks
Comment history
Please complete your account verification. Resend verification email.
today
This verification token has expired.
today
Your email address has been verified. Update my profile.
today
Your account has been deactivated. Sign in to re-activate your account.
today
View all newsletters in the newsletter archive
today
You are now unsubscribed from receiving emails.
today
Sorry, we were unable to unsubscribe you at this time.
today
0
0
Back to profile
Comment Items
You have not left any comments yet.
title
you replied to a comment:
name
description
Saved Posts
You haven’t bookmarked any posts yet.
“Every time I get to see Warren, I’m struck by his surprising, insightful, “upside-down” view of the world.”
watch video
Become a Gates Notes Insider
Sign up
Log out
Personal Information
Title
Mr
Mrs
Ms
Miss
Mx
Dr
Cancel
Save
This email is already registered
Cancel
Save
Please verify email address. Click verification link sent to this email address or resend verification email.
Cancel
Save
Address
Cancel
Save
Email and Notification Settings
Send me updates from Bill Gates
You must provide an email
On
Off
Send me Gates Notes survey emails
On
Off
Send me the weekly Top of Mind newsletter
On
Off
Email me comment notifications
On
Off
On-screen comment notifications
On
Off
Interests
Select interests to personalize your profile and experience on Gates Notes.
Saving Lives
Energy Innovation
Improving Education
Alzheimer's
Philanthropy
Book Reviews
About Bill Gates
Account Deactivation
Click the link below to begin the account deactivation process.
If you would like to permanently delete your Gates Notes account and remove it’s content, please send us a request here.
Coachella for Capitalists
A Master Class with Warren Buffett
A report from one of my favorite weekends of the year.
|
0

In the arts, a master class is a group lesson with an acknowledged expert—a chance for students to hear from an undisputed master and to improve their work by being exposed to the best.

This last weekend, I joined almost 40,000 other “students” to attend the master class for investors that is the Berkshire Hathaway annual meeting.

I’m a member of the Berkshire Hathaway board, and this weekend is one of the most enjoyable “duties” of my year. As per usual, Warren Buffett and his longtime business partner Charlie Munger sat on stage in Omaha, Nebraska, for over five hours answering questions from reporters, financial analysts, and Berkshire shareholders. Many shareholders had travelled great distances to be part of the weekend.

Like all those other students of value investing, I sat there amazed at the breadth, depth, and humility on display. Warren and Charlie talked about executive compensation in the United States; how to look at the intrinsic value of companies; the harsh winter just past and its effects on the railroad business; trends in the boxed candy market; the value of brands; and the potential impact of self-driving cars on the auto insurance industry—just to name a few.

Warren also talked about the invaluable role Charlie has played for him in leading Berkshire. I thought about the remarkable partnerships I’ve had over my career with Paul Allen and with Steve Ballmer. And now, with Melinda as we work together on the goals of our foundation.

I’ve heard Warren talk about many of those topics before, but each time I hear him, I learn something, and I come away with deeper respect and admiration for my friend.

Read this next
NEXT