From its humble beginnings decades ago, Berkshire's annual meeting has morphed into a series of events known as the Woodstock for Capitalists. Rental car prices for that weekend attest to the popularity of the meeting; I can't find a car for less than $50.00 per day.
That said, this year's annual meeting offers a huge improvement over past years: the Q&A format will be half questions pre-screened by three journalists, and half awarded by drawing. Previous years were plagued with disputes about the ethics of hydroelectric dams and the conflict in Darfur (two important issues but not worthy of so much mic time in this type of setting).
And so, I offer my question, which I've emailed to one of the journalists mentioned in the 2008 shareholders' letter.
Messrs. Buffett and Munger:
Berkshire in the past has bought and sold interests in public companies. Could you comment on the orthodoxy of the till-judgment-day-do-us-part philosophy of Berkshire's operating companies?
Disclosure:
None
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