This podcast features a Q&A session with Warren Buffett and other Berkshire Hathaway executives at their annual shareholder meeting. The discussion covers Q1 2022 financial results, recent investment decisions (including a significant investment in Occidental Petroleum), and the challenges faced by some Berkshire subsidiaries. Buffett emphasizes Berkshire's conservative investment strategy, prioritizing long-term value and risk aversion over short-term market gains, illustrated by their large cash reserves. He also critiques the increasing prevalence of short-term trading and speculation in the stock market, likening it to a casino. The session concludes with reflections on the importance of long-term thinking, personal skill development, and the unique culture of Berkshire Hathaway.
