INSUBCONTINENT EXCLUSIVE:
for his heir at the meeting.
Overall, the meeting had a similar feel to recent years
Buffett and Munger traded one-liners and fielded a few tough questions
But, by and large, the two managed to charm their fans again and keep most of them in their seats for the entire six-hour session
Here were some other topics of interest.
Combs, WeschlerInvestors got some detail on the performance of the two men Buffett has handed some
of his stock-picking duties
Ted Weschler, who together oversee about $25 billion, have almost identical performance since they joined, Buffett said
Combs was hired by Berkshire in late 2010 and Weschler joined about a year later
While he said they should name a chief executive officer in the next couple months and other companies have expressed interest in joining,
Buffett acknowledged the many obstacles it faces.
"We will see what happens," he said.
Crypto BashingBuffett and Munger were definitive in
their disdain for cryptocurrencies in answer to a question at the meeting
Buffett said they will likely come to a bad ending because their value depends on someone wanting to buy them for even more money.
They draw
in a lot of "charlatans" and people of "less than stellar character," Buffett said.
Munger was even more forceful in his aversion to the
And they were bullish on the prospects for China.
Buffett suggested he should do a deal in China this year because of the luck of the number
eight there -- and his turning age 88 in August
Musk, the head of electric carmaker Tesla Inc., over the theory of moats around businesses.
"Elon says a conventional moat is quaint, and
Warren does not intend to build an actual moat
