What is promised is debt. To complete thearticle in which I narrate my trip to the Berkshire Hathaway Annual Shareholders Meeting 2015In this article I leave you my small selection of the best quotes from Warren Buffett and Charlie Munger from the Berkshire Hathaway Annual Shareholders Meeting 2015.
Without a doubt, what most caught my attention were the interventions of Charlie Munger. This is possibly due to the fact that he is far less likely to give interviews and is less well known to the general public than Warren Buffett. Although I have already published a couple of articles on Munger's life, investing style and famous quotes and a conference “Discovering Charlie Munger” by Pablo Martínez Bernal, It is possible that I continue to investigate his life and way of thinking, since he has surprised me very pleasantly.
Without further ado, I leave you with my selection of the best quotes from Warren Buffett and Charlie Munger from the Berkshire Hathaway Annual Shareholders Meeting 2015.
Warren Buffett's best quotes from BHASM 2015
Warren Buffett on share buyback
"Shares should only be repurchased when the price is below intrinsic value"
Warren Buffett on the dollar
"I think the dollar will be the world's reserve currency for the next 50 years"
Warren Buffett on economists
"Any company that has an economist has one more employee"
Warren Buffett on the internet
"The Internet has made a big change in my life and it costs me $ 100 a year"
Warren Buffett on layoffs
"I don't know of any company that has a policy that says they are going to have many more employees than they really need."
Warren Buffett on healthy food
“I don't see smiles on the faces of the people at Whole Foods (the largest health food distributor). I like the brands we are buying "
Warren Buffett on Coca-Cola
“I am a quarter Coca-Cola. A quarter of the calories I consume are from Coca-Cola "
“1.800 Coca-Cola products will be served today. We believe that in 20 years the figure will be much higher "
Warren Buffett on Corporate Culture at Berkshire Hathaway
“People are more concerned about doing a good job for Berkshire Hathaway than they are about themselves. And that is wonderful ”
Warren Buffett on studying in business schools
"You're lucky you didn't go to one and pay $ 30.000 or $ 40.000 a year to learn modern portfolio theory”
Warren Buffett advising entrepreneurs
"The most important thing for an entrepreneur is long-term reputation"
Warren Buffett on donations
"There is no Forbes 400 cemetery list"
Charlie Munger's best quotes from BHASM 2015
Charlie Munger on the eurozone
“They created something reckless. You can't start a business with your wasting and drunk stepbrother "
"Investment banking helped fraud, which is nothing new"
Charlie Munger on the inefficiency of markets
"If people weren't wrong so often, we wouldn't be so rich"
Charlie Munger on rationality (My favorite line)
“Being rational is a moral imperative. It is dishonorable to be stupider than you have to be. "
Charlie Munger on macroeconomic predictions
“The problem with making these kinds of predictions is that people gradually start to think they know something. I think it's much better to think that you don't know "
Charlie Munger on how to spread financial literacy around the world
"I failed to try with my relatives, so I cannot help you"
Charlie Munger on life goals
"I never considered that it was enough in life to be smarter than anyone else and earn money through passive investment"