Woo!

[Applause]

What we are doing here at the Burkshire

Hathaway meeting is something that

humans have been doing for at least a

thousand years. We're getting together

and we're seeking wisdom and telling

stories. People are going to tell tales.

Some will about different things. We'll

touch on wisdom. We'll touch on examples

of how people live their lives and

hopefully altogether we will become

wiser at the end of it. And as you know

I've also said this as a warm-up to the

Berkshire

[Music]

meeting. You know you think of this idea

of living in a web of deserved trust,

right? what Charlie said we should all

aspire to. You know, you still need to

underwrite what is your margin of

safety? How can I lose? My objective is

to give you some sort of understanding

what's happening in American politics

without being

[Applause]

political. Susan, Warren, and Guy were

all correct. It is never too early to

start giving back and I encourage you

all here today to do the same. We can uh

explain why many of the things that

you're seeing don't seem to fit with

Uncle Warren's general view of how

markets are supposed to function. The

best uh investors in the world weren't

investors at all. Uh they were

entrepreneurs who never sold and always

always dream big.