Buffett and Munger Mark the End of An Era
At the Berkshire Hathaway Annual Meeting we marked what we believe is the end of an era both for Berkshire and for the S&P 500 Index. In Berkshire’s case, it is the loss of Charlie Munger and the passing of the baton from Warren Buffett to his well-prepared team. In the case of the index, it is the rhymes surrounding the past major peaks in stock market euphoria and what Munger and Buffett have said publicly. […]