►February 25th, 2013.
COMMENTARY/LETTER TO CLIENTS


►October 29th, 2008.
COMMENTARY/LETTER TO CLIENTS


►May 18th, 2007.
WOODSTOCK FOR CAPITALISTS, 2007
Warren and Charlie hold forth on everything from opportunity cost to ethanol
We are pleased to kickoff the first issue of Ceera Investor Digest with thoughts and wisdom from two of the world’s most accomplished investors and business minds, Warren Buffett (WB) and Charlie Munger (CM). As is tradition Warren and Charlie spent five hours or so answering attendees’ questions in Omaha, Nebraska on May 5, at Berkshire Hathaway’s annual shareholders meeting (ASM), and again for over three hours or so in Pasadena, California on May 9th, at Wesco Financial’s ASM (with only Charlie addressing questions at this ASM). I had the opportunity to attend Charlie’s Q&A session in Pasadena while Matt Stichnoth from bankstocks.com was at the Berkshire event (he has kindly permitted the use of his detailed notes from this event). Please click the following links for:

Notes from the Berkshire Hathaway Annual Shareholders Meeting
Notes from the Wesco Financial Annual Shareholders Meeting