2024 Berkshire Hathaway annual meeting - https://www.youtube.com/live/X3wLdzddRtI?feature=shared

• John Rogers, Ariel investments chairman & co-CEO
• Book: Poor Charlie's Almanac, 4th edition
• Q1 2024 operating earnings = \$11,222 mln
• Q1 2023 operating earnings = \$ 8,065 mln
• Operating earnings history
  • 2019 - \$23,972 mln
  • 2020 - \$21,922 mln
  • 2021 - \$27,597 mln
  • 2022 - \$30,853 mln
  • 2023 - \$37,350 mln
• How do you think about the role of technological advances especially generative AI on more traditional industries?
• Ajit Jain: Climate change like inflation, done right can be a friend to the risk bearer.
• Healthcare is 17-18% of GDP
• NFM CEO
• Helzberg Diamonds CEO
• Lubrizol CEO
• See's candies CEO
• Walton family; Walmart
• absorption capacity (context: philanthropy)
• appreceptive mass (context: psychology)
• Moody's manual
• The Moody's transportation manual
• Green Bay and Western railroad company
• nick names: {Northen Pacific: Nipper, Green Bay and Western: grab baggage and walk or gbnw}
• the importance of picking right heroes in life, choosing friends wisely
• all's well that ends well = a person can forget about how unpleasant or difficult something was because everything ended in a good way
• great skill is at avoiding bad luck
• 19th amendment