, 3 tweets, 1 min read Read on Twitter
The Berkshire meeting ended with an educational discussion of what they learned in the See's Candies business. They used it to talk about how people who try to use formulas in business and investing are often fooling themselves and whether brands can travel and businesses scale.
They do not sit through the Q&A to inform professional investors. Their target is a shareholder who is not a professional investor. They are not trying to help hedge funds gain 20 more basis points in retrun. They don't give stock tips. Which reminds me, I need to make soup.
If you want to learn more about the BRK investing process there are these free essays at my blog: 25iq.com/featured-indiv… Scroll down (there are ~300 posts) and you will find these on Munger. All free. No advertisements. If you want the pro editing & footnotes, there's my book.
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