2013 Berkshire Hathaway Annual Meeting
We bring Berkshire to you with our on-the-spot meeting coverage.
If you couldn't make the pilgrimage to the Berkshire Hathaway Annual Meeting May 4, Morningstar.com has the next best thing: on-the-ground coverage from Omaha.
Check out our meeting blog and breaking video reports featuring commentary from Morningstar's Berkshire analysts Greggory Warren and Drew Woodbury, Morningstar StockInvestor editor Matt Coffina, and Morningstar.com markets editor Jeremy Glaser.
We also posted plenty of Berkshire coverage in the week leading up to the meeting, including a five-part in-depth look at the best way to value the company and how we arrived at our fair value estimate. Also get our latest thinking on succession planning, Berkshire's cash position, and the attractiveness of the firm's shares.
No Big Surprises in Omaha; Berkshire Shares Look Undervalued
Although this year’s Berkshire annual meeting didn’t break new ground, it underscored the attractiveness of Berkshire shares, says Morningstar’s Drew Woodbury and Gregg Warren.
Berkshire Meeting Underscores Importance of Stewardship
Berkshire’s strong culture is a reminder that good management can help widen a moat, says Morningstar StockInvestor editor Matt Coffina.
Berkshire Culture Takes Center Stage at Annual Meeting
Morningstar's Drew Woodbury and Gregg Warren give their take on how Berkshire’s culture will change after Buffett departs and other key issues from the first-half of the Berkshire Hathaway annual meeting.
2013 Berkshire Hathaway Annual Meeting Live Blog
Morningstar's Drew Woodbury, Jeremy Glaser and Matt Coffina blog from the Berkshire Hathaway Annual Meeting in Omaha.
Yacktman: Stocks Still Attractive Relative to Bonds
Equities may not be significantly undervalued but still look good relative to the paltry returns available in the fixed-income market, says Don Yacktman.
Miles: Berkshire Can Still Do Big Deals After Buffett
Berkshire’s permanent capital base and long-term outlook should allow Buffett’s successors to keep pursuing major transactions, says Bob Miles.
Berkshire Strong Out of the Gate in 2013
Earnings Digest: Book value per Class A equivalent share at the end of the first quarter was $120,525--up 13% year over year and up more than 5% over the fourth quarter of 2012.
Key Topics at This Year's Berkshire Meeting
Morningstar's Drew Woodbury says Berkshire's increasing cash position and Buffett's succession plan will be among the main focus points this weekend in Omaha.
Questions We'd Like to Hear at Berkshire's Annual Meeting
We'd like to see Buffett address future acquisitions, his take on the economy, the firm's succession plan, and more at this year's annual meeting.
Berkshire's Wide-Moat Days Are Numbered
Berkshire still has deep competitive advantages, but its size will cause its moat to narrow over time, says Morningstar's Gregg Warren.
Does Berkshire Have Too Much Cash to Not Pay a Dividend?
Buffett has limited opportunities to continue allocating capital within Berkshire at large returns, making it more difficult for the firm to not pay a dividend, says Morningstar's Gregg Warren.
Companies Can't Be Like Berkshire When It Comes to Dividends
Buffett has the discipline to guide capital back into his firm rather than use it for dividend payouts, but most companies are better off distributing excess cash to shareholders, says Morningstar's Josh Peters.
Buffett's Succession Plan Should Have Little Downside
Although the public is still uncertain who will succeed the Oracle, the split-up of the chairman, CEO, and investment roles likely won't alter Berkshire's overall strategy.
Timeless Investment Lessons from Warren Buffett's Business Partner, Charlie Munger
A look at the worldview and investment philosophy of one of the great investors of our time. Plus, five ETFs that we believe have many of the characteristics that Munger (and Buffett) look for.
Special Report: Berkshire's Valuation
What's the Best Way to Value Berkshire?
In Part 1 of a 5-part series, Morningstar's Gregg Warren and Drew Woodbury explore the pros and cons of using an earnings multiple to value Berkshire Hathaway.
Book Value Oversimplifies Berkshire's Business
In part 2 of a 5-part series, Morningstar's Gregg Warren and Drew Woodbury look at how book value can provide a rough guide to Berkshire's intrinsic value.
Separating Investments From Operating Businesses No Berkshire-Valuation Panacea
In Part 3 of a 5-part series, Morningstar's Gregg Warren and Drew Woodbury say the so-called two-column approach to valuing Berkshire can be useful, but it also has significant shortcomings.
Float-Based Valuation for Berkshire Incomplete
In Part 4 of a 5-part series, Morningstar's Gregg Warren and Drew Woodbury say valuing Berkshire's insurance and investment units using the float method is hypothetically an improvement, but in practice a number of important problems pop up.
How We Value Berkshire Hathaway
Alternative methods have some use, but we think discounted cash flow is the most fundamentally sound way to value the conglomerate, as we discuss in the final installment of our 5-part series.
More Berkshire Commentary
Want to Be Like Buffett? These Stocks Can Help
Although these three firms might be too small for Berkshire, they have great competitive advantages, and our analysts think they're cheap, too.
Funds That (Still) Buy Like Buffett, 2013
Funds with similar stock holdings to Warren Buffett have excelled over time.
How to Tell if Your Fund Invests With Buffett
Fund portfolio and Berkshire Hathaway shareholder data show which funds hold significant chunks of the company's stock.
Invest With Buffett, Like Buffett, or Both?
Readers say they've learned much about quality, valuation, and patience from the Oracle of Omaha.
Morningstar.com does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.