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2014 Annual Meeting

Knowing your "circle of competence"

Warren Buffett and Charlie Munger talk about the importance of "being realistic in appraising your own talents and shortcomings."

Sat, May 3 2014 • 1:00 PM EDT
More From 2014 Annual Meeting
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VIDEO05:06
2014 Annual Meeting Highlight Reel
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Morning Session - 2014 Meeting
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Afternoon Session - 2014 Meeting
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Buffett’s views on Coke’s executive stock option program
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"We've kept our word to them"
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VIDEO02:05
Will Charlie Munger have a successor?
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Buffett defends Obama's tax policies
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Why does Buffett recommend an index fund for his wife?
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Should companies reveal their executives' salaries?
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"Charlie and I have never had an argument"
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VIDEO02:30
Will climate change affect Berkshire's businesses?
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Buffett's "second career" with Paul Anka
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Buffett admits he's "slow to make personnel changes"
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"It really has to turn you on"
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Has Buffett's frugality affected Berkshire?