Buffett - On Investing, Coke and Happiness

The first ever live telecast of a Berkshire Hathaway shareholders' meeting allowed investors around the world to listen to the Sage of Omaha, first-hand. Warren Buffett and his long time associate, Charlie Munger, held forth on a variety of topics including Coca-Cola and the secret to happiness. They also answered questions with regard to Berkshire's holdings and spoke about their investing philosophy - studied reverently by investors around the world. The highlights of Buffett's thinking outlined in the meeting are as follows: Long-Term Investing is important. Don't worry if someone else had a better quarter. Don't be distracted by the daily quotes on your stocks. People often fail to buy when stocks are the most attractively priced. Living your life as per your own choices is the secret to happiness. On Long-Term and Contrarian Investing Buffett is famous for his long-term focus. When asked about a competitor's out-performance relative to a Berkshire owned company GEICO, he said that this would not be sustained over the long term. Hi

This article was originally published on May 02, 2016.