Warren Buffett and Charlie Munger explain the difference between the operating performance between railroad operators. The two reveal what they value most are two things you can't buy: time and love. They defend not being more transparent about stock holdings. The two also discuss what they know about flight safety in the wake of Boeing's 737 MAX jet problems. They explain Berkshire's philisophy on investing in tech stocks. They address concerns about activist investors. And they discuss...

Yahoo Finance's Andy Serwer, Jen Rogers, Myles Udland, Julia La Roche and Javier David discuss Berkshire Hathaway's meeting so far with Empire Financial Research CEO Whitney Tilson, Heider College of Business Professor Robert Johnson, Berkshire Hathaway Director Ron Olson, author Martha Tolles, Brooks Running CEO Jim Weber, 2x Super Bowl champion Rod Smith, the Glide Foundation's Janice Mirikitani and Karen Hanrahan, GAMCO's Mario Gabelli, Clayton Homes CEO Kevin Clayton, Global Childrens...

Warren Buffett discusses their partnership with 3G Capital. They discuss Kraft Heinz and the impact of evolving consumer tastes. The two explain their bullishness on Apple and why it's their biggest holding.

Warren Buffett addresses new regulations and how it impacts their investments, and explains why they don't disclose foreign investments, joking "find your own stocks in Austria." Munger compares explaining being a great investor with Mozart explaining being a great composer. They also discuss the health of Precision Castparts. Buffett discusses human behavior, and Munger says, "Figure out what works, and do it." Ajit Jain discusses the art and science of dealmaking.

Warren Buffett and Charlie Munger justify Amazon as a value investment. They also express regret in missing Google. Buffett discusses insurance and how it impacts Berkshire's value. Munger explains delayed gratification and investing for the long term. Buffett shares his thoughts on wealth and happiness. They praise their successors Ajit Jain, Greg Abel, Todd Combs, and Ted Weschler. And they mock bitcoin.

Warren Buffett and Charlie Munger say they have limited knowledge of 5G technology. But they say they embrace change and they count on their managers to anticipate what's next for their business. They address the woes of Kraft Heinz. They discuss furniture stores in the context of the evolving retail landscape. And they criticize alternative asset classes like private equity, saying "It's not as good as it looks."

3/ Buffett and Munger explain the Wells Fargo scandal, justify a potential $100 billion stock buyback, share some fun investments, and address the state of politics.

Warren Buffett justifies stock buybacks, saying that he has no ambition to "spend a dime" if he doesn't think shareholders will be better off for it. Charlie Munger say Berkshire will be "more liberal" in repurchasing shares. The two also discuss the state of their rail businesses.

Warren Buffett gives opening remarks, introduces Berkshire Hathaway's board members, and discusses Q1 earnings. He also criticizes a new accounting rule.

Yahoo Finance's Andy Serwer, Jen Rogers, Myles Udland, Julia La Roche and Javier David preview what Berkshire Hathaway's Warren Buffett and Charlie Munger may discuss and describe what it's like to be at the meeting in person. The preshow includes a pre-taped conversation with Buffett.

Berkshire Hathaway shareholders vote on key business matters.

Yahoo Finance's Andy Serwer, Jen Rogers, Myles Udland and Julia La Roche identify highlighs from the Q&A. Ariel Capital CEO John Rogers and Nebraska Governor Pete Ricketts stop by.

Buffett and Munger argue for advancing gender equality in corporate C-suites. They also discuss the nuances of capital allocation and the decision to buy back stock. The two explain why they don't invest in big tech companies, noting that they don't consider Apple a tech company. And they also talk about the challenges of determining employee pay.

Buffett discusses Berkshire's association with AIG. He also explains the intangible value offered by brands like American Express, Coca-Cola and See's Candies. He also talks about the work that comes with hostile bids and activist investing. The two explain why you don't need an expensive education to be a good investor.

Buffett discusses where the benefits of corporate tax cuts go. He explains the value of knowing multiple languages in the globalized world. In response to a Berkshire employees question, the two explain why some Berkshire companies have high-fee funds in their 401k plans.

Buffett explains why Berkshire has become more open to investing in capital-intensive businesses. He discusses the challenges faced by the newspaper business and how the New York Times, Wall Street Journal and Washington Post are among the few with working business models. The two slam the mania in bitcoin and cryptocurrencies, and explain why these non-productive assets have no real value.

Buffett discusses his relationship with Bill Gates and explains why he never invested in Microsoft. He reiterates why the U.S. economy is great, despite recent political turmoil. Munger talks about the problems with having a rigid formula in valuing companies. Buffett explains why he's okay with Apple buying back shares instead of deploying capital in some other productive way. He also discusses American Express and the landscape for payment processors.

Yahoo Finance's Andy Serwer, Jen Rogers, Myles Udland and Julia La Roche speak with Peking University's Jeffrey Towson, Berkshire director Ron Olson, veteran Wall Streeter Whitney Tilson, model Kathy Ireland, author Robert Miles, Brooks Running CEO Jim Weber, Nebraska Furniture Mart chairman Ron Blumkin, actress Glenn Close, and Aquamarine Fund CEO Guy Spier.

Buffett discusses Geico-izing small commercial insurance businesses. Munger predicts the U.S. will get single-payer health care if the Democrats take control of both houses and the White House. Buffett discusses the importance of "moats" in business. He also says Elon Musk shouldn't challenge Buffett in the candy business.

Buffett and Munger explain why they separate their politics from business and the challenges that come with trying to enforce such policies in business. Buffett explains why Berkshire prefers to return capital to investors in the form of buybacks instead of dividends. He explains how he would invest a billion dollars in the U.S., and why he'd be unlikely to invest it in an emerging market.

Buffett expresses his hope to improve the U.S. health care system through Berkshire Hathaway's new partnership with Amazon and JPMorgan. He also discussed Ted Weschler and Todd Combs' investment performance. The two also discuss the consequences of tariffs and the challenges of free trade.

Buffett makes the case for keeping his investment in Wells Fargo in the wake of their fraudulent accounts scandal. He also spends time discussing future deals. On business, the two discuss prices at See's Candies, the cost of ads at Buffalo News, and shrinking profit margins in the grocery business.

Buffett discusses how he now shares responsibilities with Ajit Jain, Greg Abel, Ted Weschler, and Todd Combs. The two also discuss the recent acquisition of Precision Castparts and other deals they're looking to do. Buffett also explains the importance of the US-China trade relationship. And he warns that cyber threats will get worse.

Warren Buffett offers opening remarks, introduces the board, and discusses first quarter earnings. He explains how a change in accounting rules requires Berkshire Hathaway to report unrealized gains and losses in marketable securities. Buffett emphasizes focusing on the long run when investing in stocks. He uses the historical example of how stocks have significantly outperformed gold.

Yahoo Finance's Andy Serwer and Jen Rogers preview what Berkshire's Warren Buffett and Charlie Munger may say and describe what it's like to be at the meeting in person. The preshow includes a pre-taped conversation with Buffett.