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
