Streaming issues? Report here
Clement Manyathela 1500 x 1500 2020 Clement Manyathela 1500 x 1500 2020
The Clement Manyathela Show
09:00 - 12:00
volume_up
volume_mute

Up Next: The Midday Report with Mandy Wiener
See full line-up
The Clement Manyathela Show
09:00 - 12:00
Home
arrow_forward
MyMoney Online

Berkshire Hathaway AGM: 'I will not hold BH shares'

3 May 2021 6:51 PM

The Money Show’s Bruce Whitfield asks Paul Theron (MD at Vestact Asset Management) for an analysis of Berkshire Hathaway's AGM.

Warren Buffett and Charlie Munger – the Rolling Stones of capitalism - reunited on Saturday for Berkshire Hathaway’s annual shareholder meeting.

The 2021 event took place in Los Angeles instead of Omaha.

Warren Buffett. © Kaspars Grinvalds/123rf.com

Click here for all our personal finance articles in one place.


Some quotable quotes from the event:

  • “I think the whole damn development [Bitcoin] is disgusting and contrary to the interests of civilization.” - Charlie Munger

  • “[Share buybacks in the interest of shareholders] is a highly moral act, and the people that are criticizing it are bonkers.” - Charlie Munger

  • “Modern Monetary Theorists are more confident than they ought to be.” - Charlie Munger

  • “[Selling Apple shares] was probably a mistake.” – Warren Buffett

  • “Capitalism has worked incredibly well, especially for the capitalists.” – Warren Buffet

The Money Show’s Bruce Whitfield asked Paul Theron (MD at Vestact Asset Management) for an analysis of Berkshire Hathaway's AGM.

Buy quality, turn down the noise, and play the long-term game…

Paul Theron, MD - Vestact Asset Management

It’s starting to underperform… raising issues of succession… He sold airline shares almost at the bottom… I will not hold Berkshire Hathaway shares…

Paul Theron, MD - Vestact Asset Management

Things like Robinhood… it’s not going to end well… Gamification of the stock market is not a good idea at all…

Paul Theron, MD - Vestact Asset Management

Listen to the interview in the audio below.




3 May 2021 6:51 PM

More from MyMoney Online