Famous Quotes from 2023 Annual Meeting

1. "Most Berkshire businesses will report lower earnings next year than last year."

2. "We had $125 billion in very short-term investments. Previously getting four basis points (0.04%), now getting nearly 6%."

3. "The man sitting at the far left [Ajit Jain] is responsible for moving that number up from a pittance in 1986 to this incredible figure."

4. "Float is money that is left in our hands. It's like having a bank with no employees, no interest, and no ability to withdraw the money in a hurry."

5. "We were celebrating a King Charles [in the UK], and we've got our own King Charles here today."

6. "Charlie loved it. We're glad to have you here."

7. "Greg Abel, who's in charge of all the operations except for insurance."

8. "Ajit is responsible for building up this treasure [$165B float], which has been done by out-competing insurance companies all over the world."

9. "In the month of April, we've probably added about $7 billion to our cash position."

10. "Every year the number of our shares go down."

---

Source: 2023_Annual_Meeting.md