Special topicLiveblackjackBuffett's 2024 shareholders' meeting is a big hit.

The 2024 annual shareholders' meeting of Buffett's Berkshire Hathaway (hereinafter referred to as "Berkshire") was held in Omaha, Nebraska, USA on May 4, local time.

It is worth mentioning that in previous years, the annual film, which can only be seen at the Omaha conference, was shown simultaneously online for the first time, and at the end of this moving and sometimes humorous film, Warren Buffett paid tribute to his old friends and business partners by calling Charlie Munger "the architect of Berkshire." Munger died in 2023 at the age of 99.

The short film details Charlie Munger's life, including his life in Omaha, Nebraska, and shows many witticisms that the investor has been known for years. At a conference in 2015, Charlie Munger told the most famous golden sentence over the years-"if people didn't make mistakes so often, we wouldn't be so rich."

In the film, Munger said at an early shareholders' meeting: "if I can stay optimistic when I am dying, then the rest of you can certainly cope with a little inflation."

Another video shows Munger saying: "the right way to make a decision in real life is based on your opportunity cost." When you get married, you must choose what suits you best. You will do the same for the rest of your life. "

After showing a film in memory of Munger, Buffett explained Berkshire's just released quarterly report 2024, saying, "I can't say it's our best quarter, but it's not the worst." But I can tell you that we can invest more money now than before. This is a phenomenon now, and I think it is reasonable and predictable. "

Buffett said Berkshire's cash holdings could rise further to the $200 billion mark by the end of the second quarter: "We are happy to spend." but it has to be that [the company that buys or invests] is doing something that is very risky and can make a lot of money for us. "

Judging from the past five years, Buffett admitted that Berkshire can't issue as many shares as other companies. "We have so many investors, we need to control the number of outstanding shares. We may not pay attention to the price of the stock every day or every week. On the contrary, these people who pay attention to the stock price every day cannot make money. "

"A lot of times people buy our stock and put it there, and they don't even look at it too much. These are some of the stories of Berkshire in the past, we will bring you revenue growth in the long run, we also hope to reduce the number of outstanding shares, but also hope to occasionally see this kind of investment opportunities to have a suitable high-quality position. " Buffett said.