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2009 Annual Meeting

"Capitalism is creative destruction"

Warren Buffett and Charlie Munger say there is a time and a place for companies to lay off employees.

Sat, May 2 2009 • 1:00 PM EDT
More From 2009 Annual Meeting
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2009 Annual Meeting Highlight Reel
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Morning Session - 2009 Meeting
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Afternoon Session - 2009 Meeting
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Buffett and Munger on nationalized health care
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Why hasn't Buffett brought in his successor?
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"I'd only have two courses"
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Derivatives are "a danger to the system"
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Will Berkshire be competitive in the long term?
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When does Berkshire sell its stocks?
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Why GEICO spends big on advertising
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How Americans' stupidity benefits Berkshire
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Moody's wasn't alone in making mistakes
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Buffett's three choices for balancing the housing market
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"The best protection against inflation is your own earning power"
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Buffett and Munger commend DC's credit crisis response