David Rosenthal: belief

Transcript context

…The Fang stocks in the last few years. It does. That is the big beat that we're going to end on, but let's bring it all home. January of 2018, Berkshire officially appoints Greg and Ajit to vice chairman roles in the company. Greg for vice chairman of noninsurance businesses. Ajit for insurance businesses. The pandemic of course happens in March of 2020. Warren preaches his faith in America, but he dumps the airlines at the bottom, which I agree with you, that's fine. Berkshire mostly misses out on the enormous bull-run that happens when Jerome Powell and the FED inject literally more money than God into the economy. Warren and Charlie continue to say that they think their crypto is rat poison squared. But as far as I can tell, at least, I don't think they've made any attempt to actually study or understand what Bitcoin, Ethereum or any crypto actually is. The kicker of the big moments that we all, if not, saw or heard about the day after, the hilarious slip at the 2021 annual meeting where Charlie lets it slip that Greg Abel is the name in the envelope. This clip is so funny, we’ll link to it in the show notes, but Warren and Charlie are on stage bickering about Berkshire's culture and about preserving the culture, Charlie just goes, Greg will preserve the culture.…

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