,University of Berkshire Hathaway
30 YEARS OF LESSONS LEARNED
FROM
WARREN BUFFETT
& CHARLIE MUNGER
AT THE
ANNUAL SHAREHOLDERS MEETING
Daniel Pecaut with
Corey Wrenn
, Dedication
This book is dedicated to my hero, Russell B. Pecaut (1902–2000, Dow Jones
Industrial Average: 67–11,551). Papa, as we grandkids called him, was a good-
natured, honest, and unfailingly upbeat gentleman. He encouraged me greatly in
my career. He taught me that optimism is a choice and that your word is your
bond. This world could use a few more like Russell Pecaut. Papa, this one’s for
you.
—Daniel Pecaut
, The Electronic Record
Asked why he is on TV so much, Buffett responded that he likes having the
electronic record, so there is no chance of him being misquoted or
misunderstood. If he’s on Charlie Rose, he knows the record will be
permanent and will be exactly what he said.
— EXCERPT FROM OUR NOTES AT THE 2010 SHAREHOLDERS MEETING
What follows in this book is not an electronic record. This is the result of
feverish note-taking during 30 years of Berkshire Hathaway’s annual
shareholders meetings. While we, the authors, believe these notes capture the
essential meaning and intention conveyed, we apologize in advance for any
misrepresentations.
30 YEARS OF LESSONS LEARNED
FROM
WARREN BUFFETT
& CHARLIE MUNGER
AT THE
ANNUAL SHAREHOLDERS MEETING
Daniel Pecaut with
Corey Wrenn
, Dedication
This book is dedicated to my hero, Russell B. Pecaut (1902–2000, Dow Jones
Industrial Average: 67–11,551). Papa, as we grandkids called him, was a good-
natured, honest, and unfailingly upbeat gentleman. He encouraged me greatly in
my career. He taught me that optimism is a choice and that your word is your
bond. This world could use a few more like Russell Pecaut. Papa, this one’s for
you.
—Daniel Pecaut
, The Electronic Record
Asked why he is on TV so much, Buffett responded that he likes having the
electronic record, so there is no chance of him being misquoted or
misunderstood. If he’s on Charlie Rose, he knows the record will be
permanent and will be exactly what he said.
— EXCERPT FROM OUR NOTES AT THE 2010 SHAREHOLDERS MEETING
What follows in this book is not an electronic record. This is the result of
feverish note-taking during 30 years of Berkshire Hathaway’s annual
shareholders meetings. While we, the authors, believe these notes capture the
essential meaning and intention conveyed, we apologize in advance for any
misrepresentations.
