11 Timeless Tips from Warren Buffett and Charlie Munger

Matt Coffina sums up the key takeaways from this year's Berkshire Hathaway annual meeting

Matthew Coffina, CFA 9 May, 2013 | 2:31PM
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Berkshire Hathaway (BRK.A) (BRK.B) probably enjoys more shareholder loyalty and dedication than any company in history. 

Year after year, shareholders return to Omaha to hear Warren Buffett and Charlie Munger expound on topics large and small. And Buffett and Munger are nothing if not consistent. They have been following the same common-sense investment philosophy for decades, and generously sharing the "secrets" to their success with anyone who cares to listen.

As one shareholder put it in this year's introductory video, going to the Berkshire annual meeting is a bit like going to church. Shareholders know what they're going to hear, they already believe in Buffett and Munger's approach, but they keep coming back to have the message reinforced.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Apple Inc145.86 USD0.15Rating
Berkshire Hathaway Inc Class A418,900.00 USD-0.42Rating
Berkshire Hathaway Inc Class B278.29 USD-0.53Rating
PetroChina Co Ltd ADR41.84 USD-0.88Rating

About Author

Matthew Coffina, CFA  is a stock analyst at Morningstar.

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