Jeff Matthews

An entertaining look at the world's most famous investor's circus-like shareholder meetings. Jeff Matthews travels to Omaha to attend two annual meetings which are unlike any other shareholder meetings. As the ownership structure gives total control to Warren Buffett and his sidekick Charles Munger, the event is a day-long Q and A, with shareholders questioning Buffett about everything but his businesses. Buffett complies and is a great entertainer (with a limited repertoire).

Buffett invests in cash cows with low capital investment requirements. Matthews shows convincingly that Berkshire Hathaway has profited unduly by milking the cash cows' growth opportunities. He also raises questions about Buffett's successor(s). Berkshire's intrinsic value and growth resides with the well-being of an elderly man. Buffett likes certainty, he probably wouldn't invest in a firm with unproven management.… (mere)