Wazuans,

Allow me to share the various summaries of this year's shareholder meeting ...

http://dealbook.nytimes....13-shareholder-meeting/

Twitter Hash Tag - #BRK2013

https://www.youtube.com/...wQ&feature=youtu.be
A brief summary of the company

The one I recommended is actually by Lowenstein, it was a good read coz its a biography of his life and takes you through all the stages he went through before he became the Buffett we know.
I wonder if there are more people interested in going coz we can go as a group and split costs, I'm all about being frugal. I would be willing to handle logistics, hotel reservations, car rental if there was a serios group of people interested.

The managers who succeed Charlie and me will build Berkshire’s per-share intrinsic value by
following our simple blueprint of:

(1) constantly improving the basic earning power of our many subsidiaries;

(2) further increasing their earnings through bolt-on acquisitions;

(3) benefiting from the growth of our investees;

(4) repurchasing Berkshire shares when they are available at a meaningful discount from intrinsic value; and

(5) making an occasional large acquisition. Management will also try to maximize results for you by rarely, if ever, issuing Berkshire shares

Perhaps, but the fear of failure is surely no reason to not try..

Basically, I have no other ideas on how to make cash...so while I can, I am gonna try this.

So far, what i found is that to invest like this, you need an insane amount of discipline. After all the only way to buy a company cheap is when others dont like it...otherwise it would be expensive isnt it? So you need to analyse the company, the balance sheet, especially if it is in trouble, does it have the power to sustain the bad period. You have to make a call and then go with it. The Kenyan market is small and would not necessarily expose an investor to the true vagaries of the market.

Having said that, there have been some amazing companies on the NSE which are cheap..now though, with the rally, very few companies offer true compelling value - their share prices however may still go up substantially but because I compare to the fundamentals, I would not invest..perhaps to my own detriment.

Which are these companies that you consider cheap...for myself fundamentally I consider Kenya re to be a cheap string share...kengen too

For Williamson, does 8,756,320 shares include last year's 1:1 bonus?