Part 1: Warren Buffett welcomes the shareholders
0:00 -:--
Speed
++++++
Warren Buffett offers opening remarks, introduces the board, and discusses first quarter earnings. He explains how a change in accounting rules requires Berkshire Hathaway to report unrealized gains and losses in marketable securities. Buffett emphasizes focusing on the long run when investing in stocks. He uses the historical example of how stocks have significantly outperformed gold.