Nati Harnik/The Associated Press Warren E. Buffett and Charlie Munger of Berkshire Hathaway, projected on the screen, preside over the firm’s 2010 annual meeting.
For many, Berkshire Hathaway’s annual meeting is something like a Woodstock for capitalists. Thousands flock from around the globe to Omaha to listen to Berkshire’s chief executive, Warren E. Buffett expound on the world at large, and this year is no exception.
DealBook has gathered some shots of the goings on at the Berkshire meeting, including the lighter moments that Mr. Buffett is known to indulge in. (Chief among them, as always: playing his ukelele and snacking on frozen treats from Dairy Queen, one of his favorite repasts.) Read More
Buffett Defends Goldman at Berkshire Meeting
The first question asked during Berkshire Hathaway’s 2010 shareholder meeting was unsurprisingly about Goldman Sachs, which is under fire from the Securities and Exchange Commission for an alleged act of securities fraud.
A bit more surprising is how strongly Berkshire’s head, Warren E. Buffett, is defending the firm. (He told Bloomberg Television before the meeting that he backs Goldman’s chief executive, Lloyd C. Blankfein, “100 percent.”
Mr. Buffett said that he feels little sympathy for the firms the S.E.C. says were hurt by Goldman’s purported lack of adequate disclosure. Of one firm, ABN Amro, Mr. Buffett said: “It’s hard for me to get terribly sympathetic when a bank makes a dumb credit bet.” Read More »
Buffett Says He Backs Goldman’s Blankfein ‘100%’
Ahead of Warren E. Buffett’s Q.&A. with shareholders at Berkshire Hathaway’s annual meeting in Omaha, the biggest question on many people’s minds was: how does the billionaire investor feel about Goldman Sachs?
After all, Goldman has been sued by the Securities and Exchange Commission for Securities Fraud. And the Justice Department has begun a preliminary inquiry of its own. Since the S.E.C. filed suit against Goldman two weeks ago, the firm has lost $21 billion in market value.
But in an interview with Bloomberg Television, Mr. Buffett — who has $5 billion invested in Goldman — said he backed the firm’s chief executive, Lloyd C. Blankfein, “100 percent.” Read More »
Live From Buffettpalooza 2010
11:24 a.m. | Updated DealBook has more on Warren Buffett’s defense of Goldman Sachs.
Good morning from Omaha! DealBook’s Andrew Ross Sorkin is on the ground at the 2010 Berkshire Hathaway annual shareholder meeting, where Warren E. Buffett is expected to give his views on a wide array of topics. Among the issues he’s expected to address are the state of the markets, Goldman Sachs’s latest legal woes, and the proposed overhaul of financial regulation. (Follow the latest via Twitter below.)
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