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  • May 3, 2008 11:25 AM EDT by Liz Claman

    BRK Meeting Notes: What Buffett Is Saying

    Hey gang,

    Below are some of the latest things Buffett and his co-hort Charlie Munger are saying to the crowd.

    "Berkshire has the best directors in America."
    --Buffett
    (Liz-note: BRK directors get paid $900 a year. Bill Gates and Sue Decker of Yahoo! are members of the board)

    "Business schools should teach only two courses: How to Value A Business" and "How to think About Stock Market Valuations."
    --Buffett

    On philanthropy:

    "I would predict that if you have an extreme ideology, whether to the extreme left or to the right, you're likely to make a lot of charitable gifts!"
    --Munger

    "We're proud of our businesses. We do not give them elaborate guidelines...I just ask them every year or two to give us a letter (explaining how the business will do)"
    --Buffett

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