Warren Buffett's Berkshire Hathaway hosted its annual meeting on Saturday.
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THE HIGHLIGHTS: Warren Buffett talks about investing, technology, risks, and mistakes
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The event has become a huge occasion and is sometimes called "Woodstock for Capitalists" or "Buffettpalooza." Buffett and Vice Chairman Charlie Munger answered around five hours of questions. Here are the headlines from the day:
- BUFFETT: Jack Bogle is going to save American investors "100s and 100s of billions"
- Buffett says Trump's tax plan would be good for Berkshire, but won't change how they do business
- BUFFETT ON HEALTHCARE: "Medical costs are the tapeworm of American economic competitiveness"
- A millennial asked Warren Buffett what value his firm adds — here's what he said
- CHARLIE MUNGER: "A lot of other people are trying to be brilliant. We're just trying to be rational."
- "THAT'S MORE OF A SPEECH THAN A QUESTION": Anti-Coca Cola protester interrupts Berkshire Hathaway's annual meeting
- BUFFETT: Wells Fargo made three huge mistakes during the fake accounts scandal but one "dwarfs all the others"
- "JEFF BEZOS IS A DIFFERENT SPECIES": Buffett and Munger praise Bezos, Amazon
- "WE BLEW IT": Charlie Munger says it was a mistake for Berkshire Hathaway to not invest in Google and Walmart
- BUFFETT: There will be economic troubles, but "we know that America will come out fine"
- "The department store is online now": Warren Buffett says the face of retail is shifting
- BUFFETT: Driverless vehicles "won't be a good thing" for business
- BUFFETT: This is "the number one problem with mankind"
- BUFFETT: Here's the kind of person I'd like to head up Berkshire Hathaway when I'm gone
- MUNGER: 'I do think the Chinese stock market is cheaper than the American stock market'
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