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Buffett Wraps Up Berkshire Shareholders Meeting

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  • Description

    FBN’s Liz Claman recaps the annual shareholders meeting.

  • Duration 3:52
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This transcript is automatically generated

Good morning mr.

Don Imus from Omaha Nebraska -- to -- are you.

I'm pretty tired actually.

I've been running around.

Nebraska.

And made it and dodging 35000 people who hang on every word or.

Challenge every word of Warren Buffett -- he brings all of these people to -- Berkshire Hathaway shareholder meeting.

I don't think he broke attendance record -- I'm I'm confirming that with him when he arrives but.

I don't think it broke attendance records this time however he broke ticket purchases so people go ahead and buy tickets to attend this thing.

Sometimes they just happen -- not show up for whatever reason and and that's what we're standing -- here but I was asking him yesterday how are the sales film die on the planet who runs a publicly traded company.

That makes coin off his shareholders during the annual meeting usually annual meetings are people throwing tomatoes at the CEO and yelling and screaming at them but.

He makes money he sells all kinds of things as he traverse is the floor.

Of this a century links center which is usually the qwest center to big arena.

A big acts like Bob -- nickel back at play here every -- every band in the world comes he sells more tickets than they do.

It's just unbelievable on when he traverse -- before he sells.

Things like you know -- can be up profits for -- and I know you don't -- -- so I brought the little gain upper at all.

Little toys things like these truck is is is a squeezing train dawn he owns an entire railroad Burlington north zone and us us look good so.

Back governor explain what is -- annual affair that it conducts.

-- it's emulated shareholder annual shareholder meeting -- all publicly traded companies do it's just that he is is unlike anything else that is out there.

-- usually up disgruntled shareholders.

At least this year -- six years.

Nobody was it was pretty unhappy about it people seem to be quite happy -- that they want to know who's gonna be his successor so these are people who won't all who owned shares.

And Berkshire alpha one.

Guess you have to all of our share as -- one or more shares of either a or B shares.

The H shares of closed on Friday at a 121950.

Dollars per share Russia they're not she can't.

Well he would say they're JP would say they're undervalued which he did this weekend book has so -- the big minority and the big.

Me right.

-- they have the big meeting and then yesterday.

He played ping pong at his jewelry store that he also owns here that's part of Berkshire play ping pong with Bill Gates and they challenged the Chinese Olympia.

We have the Chinese a lot of Chinese people showed up here because.

He of course has made mistaken BYD which is a Chinese electric car obviously this this Olympic Olympic champion -- both of their tails but.

He finally whipped out the big paddle because -- -- a can't take it anymore but I do you know actually have a lot of fun it attracts a huge crowd.

How did the the on the -- travelers shares -- this year.

They well profits doubled shares.

-- beating the S&P 500 and that annoys some shareholders in -- for the past three years they happen to outperform but overt.

The existence of the company.

They've been up at more than 30% is just done incredibly well for to -- you know what Don this is interesting I ran into its sister Doris.

Who in 1947.

Gave her little brother a hundred dollars at that time that we could have been a million.

-- hundred dollars it was all she had she said to invest -- Specter.

And now of course with that 100 dollars more than a billion shouldn't get many more after that and it turned over years into a billion.

Dollars and more than that and she gives it all away and out of different charities but I I assured after I heard it was twenty -- door she said no was it was a hundred dollar and 21.

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