Warren Buffett is notoriously critical of digital currencies as speculative and lacking real value. Yet he passed up a chance to comment a few years ago when asked about cryptocurrency’s growth into a trillion-dollar industry.
kAmqFE E@ r92C=:6 |F?86C[ D:EE:?8 E@ qF776EE’D =67E 5FC:?8 E96 a_a` q6C<D9:C6 w2E92H2J 2??F2= >66E:?8[ E96 BF6DE:@? H2D =:<6 H2G:?8 C65 :? 7C@?E @7 2 3F==]k^Am
kAm%96 q6C<D9:C6 G:46 492:C>2? 3=2DE65 4CJAE@4FCC6?4J 2D “:?G6?E65 @FE @7 E9:? 2:C” 2?5 ?@E65 :ED FD67F=?6DD “E@ <:5?2AA6CD 2?5 6IE@CE:@?:DED]”k^Am
kAm“x E9:?< x D9@F=5 D2J >@56DE=J E92E E96 H9@=6 52>? 56G6=@A>6?E :D 5:D8FDE:?8 2?5 4@?EC2CJ E@ E96 :?E6C6DED @7 4:G:=:K2E:@?[” D2:5 |F?86C[ 6=:4:E:?8 2 49F4<=6 7C@> qF776EE]k^Am
kAmxE H2D EJA:42= |F?86Ci u6:DEJ] r@=@C7F=] p46C3:4] p?5 ?@E 8:G:?8 2 52>? H92E 2?J3@5J 6=D6 E9:?<D]k^Am
kAmxE’D 2=D@ 2 C6>:?56C @7 9@H >F49 qF776EE’D =@?8E:>6 3FD:?6DD A2CE?6C[ D:56<:4< 2?5 D@F?5:?8 3@2C5 — H9@ 5:65 :? }@G6>36C 2E 286 hh — H:== 36 >:DD65 H96? q6C<D9:C6’D D92C69@=56CD 82E96C 282:? :? ~>292 E9:D H66<]k^Am
kAm“%92E’D 8@:?8 E@ 36 92C5[” D2:5 $FD:6 qF776EE[ (2CC6?’D 52F89E6C 2?5 2 q6C<D9:C6 3@2C5 >6>36C]k^Am
kAm}@E @?=J 5:5 |F?86C 2?5 qF776EE H@C< E@86E96C 7@C 564256D[ E96J 2=D@ H6C6 4=@D6 7C:6?5D] pE E96 E:>6 |F?86C 5:65[ $FD:6 D2:5[ 96C hb\J62C\@=5 72E96C 925 366? =@@<:?8 7@CH2C5 E@ 46=63C2E:?8 |F?86C’D `__E9 3:CE952J y2?] `]k^Am
kAm}@H H96? qF776EE E2<6D E96 DE286 2E rwx w62=E9 r6?E6C 7@C $2EFC52JVD D92C69@=56C "U2>Ajp — E96 46?E6CA:646 @7 E96 2??F2= >66E:?8 — E96C6 H:== 36 ?@ |F?86C 3J 9:D D:56[ >F?49:?8 @? $66’D A62?FE 3C:EE=6] xE’D E96 D64@?5 E:>6 |F?86C >:DD65 2 q6C<D9:C6 2??F2= >66E:?8 :? E96 564256D D:?46 E96 82E96C:?8D 3642>6 >2;@C 6G6?ED]k^Am
kAm“%92E 496>:DECJ 36EH66? (2CC6? 2?5 r92C=:6 92D 2=H2JD 366? E96 4@C?6CDE@?6 — H92E’D >256 E96 q6C<D9:C6 w2E92H2J >66E:?8 D@ 6?828:?8[” D2:5 q64<J "F:4<[ E96 r}qr 3FD:?6DD ;@FC?2=:DE 2?5 2?49@C H9@ 92D A@D65 D92C69@=56C BF6DE:@?D :? E96 D6DD:@?D]k^Am
kAmqFE qF776EE H@?’E 8@ @? 2=@?6]k^Am
kAmw6 H:== 36 ;@:?65 @? DE286 3J vC68 p36= 2?5 p;:E y2:?[ q6C<D9:C6VD G:46 492:C>6? 7@C @A6C2E:@?D] %96 EH@[ A2CE:4F=2C=J rt~\:?\H2:E:?8 p36=[ 92G6 925 2? :?4C62D:?8=J G:D:3=6 C@=6D :? C646?E 2??F2= >66E:?8D] k^Am
kAmp?5 |F?86C 46CE2:?=J H@?’E 36 7@C8@EE6?] %96 >66E:?8 @776CD E96 492?46 E@ 46=63C2E6 9:D =:76 2?5 4C:E:42= C@=6 :? 3F:=5:?8 q6C<D9:C6]k^Am
kAm$FD:6 qF776EE D2:5 E96 2??F2= >@G:6 E92E EC25:E:@?2==J @A6?D E96 $2EFC52J 82E96C:?8 H:== 36 565:42E65 E@ |F?86C]k^Am
kAm$E:==[ E96C6’D ?@ BF6DE:@? E96 4FC>F586@?=J[ @?6\@7\2\<:?5 |F?86C H:== 36 >:DD65]k^Am
kAm“xE’D ;FDE 8@:?8 E@ 36 5:776C6?E[” D2:5 !2F= {@F?EK:D[ E96 AC:?4:A2= :? 2 }6H *@C< :?G6DE>6?E 7:C> 2?5 2 C68F=2C 2E 2??F2= >66E:?8D 7@C >@C6 E92? E9C66 564256D] “r92C=:6 H2D 2 G6CJ DA64:2= >2?] w:D H:D5@> H2D 2=H2JD H6=4@>6[ 2?5 9:D 56=:G6CJ H2D 8C62E] xE’D 2 3:8 =@DD]”k^Am
k9C ^m
k9` DEJ=6lQ4@=@Ci R__eehgj E6IE\2=:8?i 46?E6CjQmVqC@>2?46 7@C E96 286DVk^9`m
“We think so much alike that it’s spooky,” Warren Buffett said of Charlie Munger in a 1977 World-Herald interview.
MATT MILLER/THE WORLD-HERALD
kAmxE D66>D |F?86C 2?5 qF776EE H6C6 56DE:?65 E@ 86E E@86E96C]k^Am
kAm|F?86C 8C6H FA :? ~>292 :? 2 9@FD6 ?@E 6G6? 2 3=@4< 7C@> qF776EE’D 4FCC6?E 9@>6 ?62C ddE9 2?5 u2C?2>] |F?86C’D 7:CDE ;@3 H2D 2E E96 sF?566 8C@46CJ DE@C6 @H?65 3J qF776EE’D 8C2?572E96C]k^Am
kAmp7E6C 8C25F2E:?8 7C@> r6?EC2= w:89[ |F?86C 8@E 2 =2H 568C66 7C@> w2CG2C5 2?5 H6?E E@ H@C< 2D 2? 2EE@C?6J :? r2=:7@C?:2]k^Am
kAmqFE 27E6C 36:?8 :?EC@5F465 E@ qF776EE E9C@F89 >FEF2= 24BF2:?E2?46D :? `hdh[ |F?86C 3642>6 :?E6C6DE65 :? :?G6DE:?8] w6 D@@? 7@C>65 2? :?G6DE>6?E 7:C> >@56=65 @? E96 ~>292 A2CE?6CD9:A qF776EE 7@C>65 J62CD 62C=:6C]k^Am
kAm%92E 7:CDE >66E:?8 :? ~>292 2=D@ DA2C<65[ :? $FD:6 qF776EE’D H@C5D[ “2 3C@>2?46 7@C E96 286D]” u2DE 7C:6?5D[ qF776EE 2?5 |F?86C >2:?E2:?65 E96 3@?5 56DA:E6 >2<:?8 E96:C 9@>6D 92=7H2J 24C@DD E96 4@F?ECJ 7C@> 6249 @E96C]k^Am
kAm“|J G:D:@? :? >J 9625 :D >J 525 =J:?8 @? E96 7=@@C E2=<:?8 E@ r92C=:6[ 2?5 E96J H@F=5 ;FDE =2F89[” $FD:6 D2:5 @7 8C@H:?8 FA :? E96 `he_D] “%96J 4@??64E65 :? 2 H2J E92E H2D ;FDE >28:42= 7@C E96 EH@ @7 E96>]”k^Am
kAm%96 EH@ ?@E @?=J D92C65 2 =@G6 @7 :?G6DE:?8[ 3@E9 A@DD6DD65 3C:==:2?E >:?5D 2?5 D6?D6D @7 9F>@C]k^Am
kAm“(6 E9:?< D@ >F49 2=:<6 E92E :E’D DA@@<J[” qF776EE D2:5 @7 |F?86C :? 2 `hff (@C=5\w6C2=5 :?E6CG:6H]k^Am
kAm%96 ?6IE J62C[ E96 EH@ ;@:?65 7@C46D] |F?86C’D 7:C> >6C865 :?E@ q6C<D9:C6 H:E9 |F?86C F=E:>2E6=J D6EE=:?8 :?E@ E96 C@=6 @7 G:46 492:C>2? F?56C rt~ 2?5 492:C>2? qF776EE]k^Am
k9C ^m
k9` DEJ=6lQ4@=@Ci R__eehgj E6IE\2=:8?i 46?E6CjQmsJ?2>:4 5F@ 3F:=5D 6>A:C6k^9`m
Among history’s famous duos — Rodgers and Hammerstein, Abbott and Costello, Simon and Garfunkel, Fred Astaire and Ginger Rogers — few enjoyed the decades of longevity of Warren Buffett and Charlie Munger.
BRENDAN SULLIVAN/THE WORLD-HERALD
kAmp>@?8 9:DE@CJ’D 72>@FD 5F@D — #@586CD 2?5 w2>>6CDE6:?[ p33@EE 2?5 r@DE6==@[ $:>@? 2?5 v2C7F?<6=[ uC65 pDE2:C6 2?5 v:?86C #@86CD — 76H 6?;@J65 E96 564256D @7 =@?86G:EJ @7 qF776EE 2?5 |F?86C] p?5 76H 4@F=5 4=2:> >@C6 DF446DD]k^Am
kAmqF776EE 2?5 |F?86C ?@E @?=J 3F:=E q6C<D9:C6 :?E@ @?6 @7 E96 H@C=5’D =2C86DE 4@?8=@>6C2E6D[ E96J 4C62E65 2 H:56=J C6DA64E65 4@>A2?J 4F=EFC6 E92E 6>A92D:K65 3FD:?6DD 6E9:4D 2?5 2 =@?8\E6C> @C:6?E2E:@?]k^Am
kAmqF776EE =@?8 4C65:E65 |F?86C H:E9 6IA2?5:?8 9:D :?G6DE>6?E 9@C:K@?D 36J@?5 32C82:? D9@AA:?8 — E6249:?8 9:> :E H2D 36EE6C E@ AFC492D6 H@?56C7F= 3FD:?6DD6D 2E 72:C AC:46D E92? 72:C 3FD:?6DD6D 2E H@?56C7F= AC:46D] %92E 3642>6 2 8F:5:?8 AC:?4:A=6 @7 q6C<D9:C6 24BF:D:E:@?D]k^Am
kAm~G6C >@C6 E92? 7@FC 564256D[ |F?86C 96=A65 qF776EE 255 ?F>6C@FD 3C2?5D E@ q6C<D9:C6VD A@CE7@=:@[ 2>@?8 E96> uCF:E @7 E96 {@@>[ s2:CJ "F66?[ q}$u C2:=C@25[ sFC246== 2?5 v6:4@] p?5 E@86E96C[ E96J A@DE65 @?6 @7 E96 3:886DE 2?5 =@?86DE CF?D @7 :?G6DE>6?E DF446DD E96 3FD:?6DD H@C=5 92D D66?]k^Am
kAmq6C<D9:C6VD 72DE\C:D:?8 DE@4< AC:46 EFC?65 qF776EE :?E@ @?6 @7 E96 H@C=5VD C:496DE >6? 2?5 Q%96 ~C24=6 @7 ~>292]Q !6@A=6 3682? 7=@4<:?8 E@ E96 4:EJ 7@C 2??F2= >66E:?8D E@ 962C 9:D 9@>6DAF? 25G:46 @? :?G6DE:?8[ 3FD:?6DD 2?5 =:76]k^Am
kAm~G6C E:>6[ |F?86C 56G6=@A65 9:D @H? 7@==@H:?8[ E@@]k^Am
kAmp7E6C 2?DH6C:?8 2 D92C69@=56C BF6DE:@?[ qF776EE H@F=5 E96? E9C@H :E E@ |F?86C] (9:=6 E96 EH@ 5:5 ?@E @7E6? 5:D28C66[ |F?86C’D 2?DH6CD E6?565 E@ 36 >@C6 DF44:?4E[ 4@=@C7F= 2?5 3:E:?8]k^Am
kAmu@C 6I2>A=6[ H96? 2D<65 23@FE 72>:=J 6DE2E6 A=2??:?8 5FC:?8 =2DE J62C’D >66E:?8[ qF776EE 82G6 2 =6?8E9J C6DA@?D6 :? H9:49 96 E2=<65 23@FE E96 :>A@CE2?46 @7 :?G@=G:?8 49:=5C6? :? E96 AC@46DD[ D2J:?8 96 H@F=5 ?@E D:8? 2 H:== F?E:= 9:D 49:=5C6? E9@C@F89=J C6G:6H65 :E]k^Am
kAm(96? 2D<65 7@C 9:D EH@ 46?ED[ D2:5 |F?86Ci “pE q6C<D9:C6[ H6 92G6 2 D:>A=6 W2AAC@249 E@X 6DE2E6 A=2??:?8i yFDE 9@=5 E96 8@552>? DE@4<]Qk^Am
kAm%96 a_`d >66E:?8 AC@5F465 E9:D 6I492?86 36EH66? E96 EH@ 2D E96J E2=<65 23@FE E96 DF446DD @7 q6C<D9:C6VD @FED:56 DE@4< 9@=5:?8Dik^Am
kAm“(2CC6?[ :7 W@E96CX A6@A=6 H6C6?’E D@ @7E6? HC@?8[ H6 H@F=5?’E 36 D@ C:49[” |F?86C D2:5] k^Am
kAmQw6VD 7:?2==J 6IA=2:?65 :E E@ >6[Q qF776EE C6A=:65 2>:5 E96 =2F89E6C] k^Am
kAm$92C69@=56CD 42>6 E@ 56=:89E :? |F?86CVD 5C@== C6DA@?D6 H96? 96 E9@F89E qF776EE 256BF2E6=J 92?5=65 E96 BF6DE:@?i “x 92G6 ?@E9:?8 E@ 255]”k^Am
kAm{@F?EK:D 925 366? 4@>:?8 E@ E96 >66E:?8D 7@C J62CD H96? 96 3C@F89E 9:D D@? +2492CJ[ E96? ``[ E@ 9:D 7:CDE :? `hhg]k^Am
kAm“s25[ x <?@H |C] qF776EE :D J@FC 96C@[” +2492CJ D2:5 27E6CH2C5[ “3FE >J 72G@C:E6 :D |C] |F?86C]”k^Am
kAm|F?86C’D 36DE BF:AD 2?5 H:D5@> H6C6 F=E:>2E6=J 4@>A:=65 :?E@ E96 3@@< “!@@C r92C=:6’D p=>2?24<” — 2? 9@>286 E@ q6?;2>:? uC2?<=:?[ H9@ |F?86C 8C62E=J 25>:C65]k^Am
kAm"F:4< D2:5 E96 8:G6\2?5\E2<6 36EH66? qF776EE 2?5 |F?86C ?@E @?=J @776C65 :?D:89E :?E@ E96 :??6C H@C<:?8D @7 q6C<D9:C6 2?5 E96 EH@ 8C62E E9:?<6CD[ :E D9@H42D65 E96:C 3C@E96C=J C6=2E:@?D9:A 2?5 7C:6?5D9:A] %96J H6C6 2FE96?E:42==J E96 D2>6 A6@A=6 369:?5 E96 D46?6D 2D E96J H6C6 @? DE286[ D96 D2:5]k^Am
kAmp7E6C E96 A2?56>:4 AC6G6?E65 |F?86C 7C@> 2EE6?5:?8 E96 a_a_ >66E:?8 E92E H2D 96=5 D2?D D92C69@=56CD[ qF776EE >@G65 E96 @?=:?6\@?=J >66E:?8 :? a_a` E@ r2=:7@C?:2 D@ |F?86C 4@F=5 E2<6 A2CE]k^Am
kAmtG6? 2E hh :? =2DE J62C’D >66E:?8[ |F?86C D2E :? 2 H966=492:C 2?5 96=A65 qF776EE 7:6=5 >@C6 E92? 7:G6 9@FCD @7 BF6DE:@?D]k^Am
kAmQx 2> A6CD@?2==J D<6AE:42= @7 D@>6 @7 E96 9JA6 E92EVD 8@?6 :?E@ 2CE:7:4:2= :?E6==:86?46[” |F?86C D2:5 :? 2 >6>@C23=6 BF:A E92E 52J] “x E9:?< @=5\72D9:@?65 :?E6==:86?46 H@C<D AC6EEJ H6==]Qk^Am
k9C ^m
k9` DEJ=6lQ4@=@Ci R__eehgj E6IE\2=:8?i 46?E6CjQmp 7:?2= 4@?G6CD2E:@?k^9`m
Charlie Munger, Vice-Chairman of Berkshire Hathaway, waves to a small gathering of fans in 2018.
THE WORLD-HERALD
kAm%96 :?G:E2E:@?D 925 2=C625J 8@?6 @FE 7@C |F?86C’D `__E9 3:CE952J 46=63C2E:@?]k^Am
kAm(:E9 E96 2AAC@249 @7 E92E >:=6DE@?6 2?5 E96 C6=62D6 @7 E96 =2E6DE 65:E:@? @7 “!@@C r92C=:6’D p=>2?24<[” |$}qr’D "F:4< D2E 5@H? H:E9 |F?86C :? }@G6>36C 7@C 2? :?E6CG:6H] $96 D2:5 96 D9@H65 EC6>6?5@FD 6?6C8J[ E2=<:?8 7@C a½ 9@FCD]k^Am
kAmpD<65 E96 C62D@?D 96 2?5 qF776EE 925 D@ >F49 DF446DD[ |F?86C D2:5i “(6 8@E 2 =:EE=6 =6DD 4C2KJ E92? >@DE A6@A=6[ 2?5 2 =:EE=6 =6DD DEFA:5 E92? >@DE A6@A=6] p?5 E92E C62==J 96=A65 FD]”k^Am
kAmyFDE 52JD =2E6C[ |F?86C 3642>6 :== 2E 9:D $2?E2 q2C32C2 9@>6 2?5 H2D 9@DA:E2=:K65]k^Am
kAmp 72>:=J >6>36C D2:5 2E |F?86CVD >6>@C:2= D6CG:46 E92E 2 ?FCD6 :? E96 9@DA:E2= 2D<65 9@H 96 H2D 5@:?8] “x’> 5J:?8[Q 96 D2:5] Qw@H 2C6 J@Fn”k^Am
kAmq67@C6 96 5:65[ |F?86C DA@<6 3J A9@?6 H:E9 qF776EE 7C@> 9:D 9@DA:E2= 365]k^Am
kAm“xE H2D 2 9F86 DFCAC:D6 E@ 6G6CJ@?6[” $FD:6 qF776EE D2:5 @7 |F?86C’D }@G] ag 562E9]k^Am
kAmpE 7:CDE[ D96 D2:5[ :E H2D 92C5 7@C 96C 525 E@ 6G6? E2=< 23@FE :E]k^Am
kAmqFE @?6 52J 23@FE 2 H66< =2E6C[ 96 D2E 5@H? 2?5 A6??65 2 EC:3FE6 E@ |F?86C E92E @A6?65 E96 2??F2= =6EE6C E@ D92C69@=56CD :? u63CF2CJ]k^Am
kAmqF776EE E@=5 E96 DE@CJ @7 9@H :? `hed 96 H2D =2>6?E:?8 9:D 564:D:@? E@ AFC492D6 q6C<D9:C6[ 2E E96 E:>6 2 72:=:?8 }6H t?8=2?5 E6IE:=6 4@>A2?J] %92E’D H96? |F?86C 25G:D65 9:> E@ FD6 q6C<D9:C6 2D 2? :?G6DE>6?E G69:4=6 2?5 7@4FD @? 7:?5:?8 H@?56C7F= 3FD:?6DD6D E@ 255 E@ :E]k^Am
kAm“x? C62=:EJ[ r92C=:6 H2D E96 ‘2C49:E64E’ @7 E96 AC6D6?E q6C<D9:C6[ 2?5 x 24E65 2D E96 ‘86?6C2= 4@?EC24E@C’ E@ 42CCJ @FE E96 52J\3J\52J 4@?DECF4E:@? @7 9:D G:D:@?[” qF776EE HC@E6]k^Am
kAm$FD:6 qF776EE D2:5 96C 72E96C 92D E2<6? D@=246 :? E96 AF3=:4 244@=256D |F?86C C646:G65 :? E96 H2<6 @7 9:D 562E9[ 766=:?8 |F?86C 2E =2DE 92D 366? “86EE:?8 9:D 5F6]”k^Am
kAmx? |2C49[ $FD:6 qF776EE 56=:G6C65 2 6F=@8J 2E |F?86C’D >6>@C:2= D6CG:46 :? r2=:7@C?:2[ :?4=F5:?8 C625:?8 96C 72E96C’D EC:3FE6 7C@> E96 2??F2= C6A@CE] k^Am
kAm%96 724E E92E qF776EE 5:5?’E 56=:G6C 2 6F=@8J 9:>D6=7 D66>D E@ DA62< E@ 9@H 6>@E:@?2= |F?86C’D 562E9 92D 366? 7@C 9:>[ 6G6? >@?E9D =2E6C]k^Am
kAmqF776EE C2C6=J 5@6D >65:2 :?E6CG:6HD 2?5 92D 564=:?65 2?J =625:?8 FA E@ E9:D J62CVD >66E:?8] qF776EE’D H@C5D $2EFC52J H:== 36 9:D 7:CDE AF3=:4=J :? E96 7:G6 >@?E9D D:?46 |F?86C’D 562E9]k^Am
k9C ^m
k9` DEJ=6lQ4@=@Ci R__eehgj E6IE\2=:8?i 46?E6CjQmq:8 b H:== E2<6 E96 DE286k^9`m
kAmtG6? H:E9@FE |F?86C[ E96 D9@H H:== 8@ @? H:E9 E6?D @7 E9@FD2?5D @7 q6C<:6D 6IA64E65 E@ 7:== rwx w62=E9 r6?E6C E9:D H66<6?5]k^Am
kAm"F:4<[ H9@ H:== 282:? 36 A@D:?8 D92C69@=56C\DF3>:EE65 BF6DE:@?D[ D2:5 D96 E9:?<D H:E9 qF776EE[ p36= 2?5 y2:? @? E96 DE286[ :E D9@F=5 >2<6 7@C 2? 6?828:?8[ :?D:89E7F= >66E:?8]k^Am
kAm%96 E9C66 2C6 E96 <6J 2C49:E64ED @7 H92E’D 92AA6?:?8 52J\E@\52J 2E q6C<D9:C6] p36= 2?5 y2:? 2C6?VE ?6H E@ E96 DE286[ 6:E96C]k^Am
kAmq68:??:?8 :? a_a_[ 2E E96 C6BF6DE @7 D92C69@=56CD[ qF776EE >256 E96> 2 3:886C A2CE @7 2??F2= >66E:?8D]k^Am
kAm“xE H2D 92C5 E@ :>28:?6 2E 7:CDE H:E9@FE r92C=:6[ 3FE x 5@ E9:?< E96J’G6 8@E 2 A=2? E@ <66A E9:?8D :?E6C6DE:?8[” "F:4< D2:5]k^Am
kAmqC:2? v@?8@=[ 2 qF776EE 72? 7C@> (6DE s6D |@:?6D H9@ 92D 366? 4@>:?8 E@ q6C<D9:C6 >66E:?8D 7@C >@C6 E92? 2 564256[ 6IA64ED qF776EE H:== 92G6 ?@ AC@3=6> 42CCJ:?8 E96 52J[ ?6G6C D9@CE @7 “:?4C65:3=J FD67F= 2?5 :?E6==:86?E E9:?8D” E@ @776C D92C69@=56CD]k^Am
kAmqFE E96C6’D ?@ BF6DE:@?[ E96 23D6?46 @7 |F?86C H:== 36 76=E]k^Am
kAmv@?8@= C642==65 9@H “4@@=” :E H2D E92E 2E 286 hh =2DE J62C[ |F?86C DE:== 925 ?6H E9:?8D E@ D2J] p?5 96 D2:5 :E’D ?@E =:<6=J qF776EE[ p36= @C y2:? H:==[ 7@C 6I2>A=6[ E2<6 2 9F>@C@FD D9@E 2E H92E’D E2F89E :? 3FD:?6DD D49@@=D — 2 A2DE E2C86E @7 E96 56G:=\>2J\42C6 |F?86C]k^Am
kAm~7 4@FCD6[ v@?8@= D2:5 96 2?5 @E96C D92C69@=56CD H:== 2=D@ >:DD 962C:?8 |F?86CVD D:8?2EFC6 =:?6D]k^Am
kAmxE’D 3:EE6CDH66E E@ E9:?< E92E 7@C6G6C>@C6 2E q6C<D9:C6[ r92C=:6 |F?86C H:== 92G6 ?@E9:?8 E@ 255]k^Am
You could say Warren Buffett and Charlie Munger were drawn together long before they were actually drawn together (as pictured at one of Berkshire's displays during its annual meeting). Though they didn't know each other then, Munger even worked at a grocery store owned by Buffett's grandfather.
THE WORLD-HERALD
Photos: Berkshire Hathaway 2023 annual shareholders meeting weekend in Omaha
Hundreds wait in line for the Berkshire Hathaway annual shareholders meeting outside the CHI Health Center in Omaha on Saturday.
ANNA REED THE WORLD-HERALD
People wait in line for the Berkshire Hathaway annual shareholders meeting outside the CHI Health Center in Omaha on Saturday.
ANNA REED THE WORLD-HERALD
People head inside for the Berkshire Hathaway annual shareholders meeting outside the CHI Health Center in Omaha on Saturday.
ANNA REED THE WORLD-HERALD
People wait in line in a skyway for the Berkshire Hathaway annual shareholders meeting outside the CHI Health Center in Omaha on Saturday.
ANNA REED THE WORLD-HERALD
NetJets pilots picket for better wages and quality of life outside the Berkshire Hathaway annual shareholders meeting at CHI Health Center in Omaha on Saturday.
ANNA REED THE WORLD-HERALD
Tom Ecker tries on a cowboy hat at the Justin Boots booth during the Berkshire Bazaar of Bargains at the CHI Health Center on Friday.
CHRIS MACHIAN, THE WORLD-HERALD
Lucas Anderson of Casey, Illinois tries on VR goggles for a flight simulator at the Berkshire Bazaar of Bargains at the CHI Health Center on Friday.
CHRIS MACHIAN, THE WORLD-HERALD
Lucas Anderson of Casey, Illinois, tries on VR goggles for a flight simulator during the vendor event at the CHI Health Center on Friday.
CHRIS MACHIAN photos, THE WORLD-HERALD
People cross 10th Street to make their way to the Berkshire Bazaar of Bargains at the CHI Health Center on Friday.
CHRIS MACHIAN, THE WORLD-HERALD
Shoppers walk the floor during the “Berkshire Bazaar of Bargains” at the CHI Health Center on Friday.
CHRIS MACHIAN, THE WORLD-HERALD
People check out the display for Clayton Homes during the Berkshire Bazaar of Bargains at the CHI Health Center on Friday.
CHRIS MACHIAN, THE WORLD-HERALD
Shoppers walk the hall outside of he CHI Health Center during the Berkshire Bazaar of Bargains at ton Friday.
CHRIS MACHIAN, THE WORLD-HERALD
Shoppers checkout the BNST Railway display at the Berkshire Bazaar of Bargains at the CHI Health Center on Friday.
CHRIS MACHIAN, THE WORLD-HERALD
The business news you need
Get the latest local business news delivered FREE to your inbox weekly.