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1999 Annual Meeting

"I don't have to bet" on technology companies

Warren Buffett says he would rather invest in companies like Coca-Cola instead of companies like Microsoft because he's "perfectly willing to trade away a big payoff for a certain payoff."

Mon, May 3 1999 • 1:00 PM EDT
More From 1999 Annual Meeting
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VIDEO06:22
1999 Annual Meeting Highlight Reel
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VIDEO02:34:03
Morning Session - 1999 Meeting
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VIDEO02:41:11
Afternoon Session - 1999 Meeting
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VIDEO03:04
How will the internet impact business?
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VIDEO01:57
Why hasn’t Buffett invested in communications?
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VIDEO01:50
"The money makes no difference after a moderate level"
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VIDEO02:03
Successors "would be ready to run Berkshire tomorrow morning"
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VIDEO01:06
Buffett wants shareholders who are "in sync" with Berkshire
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VIDEO02:24
Buffett's long-distance rescue bid for Long-Term Capital Management
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VIDEO01:45
Buffett on the risks LTCM's management took
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VIDEO01:48
Buffett on stock options as compensation
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VIDEO03:14
Benefits of buying General Re won't be felt "in the short term"
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VIDEO02:49
"We look at change as a threat"
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VIDEO02:41
Efficient market theory is "silly"
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VIDEO02:43
Buffett's advice on making big money