The Berkshire Hathaway annual meeting is often referred to as the Woodstock of Capitalism, where legendary investors Warren Buffett and Charlie Munger opine on the state of markets and investing. The 2022 meeting took place this weekend, with as many interesting nuggets of wisdom and controversy as ever.

We discuss Berkshire ramping up their stock purchases and running down their cash pile, the companies they’ve bought into, and Buffett’s opinions on everything from inflation to bitcoin.

And we answer the Dumb Question of the Week: How accurate is the forward Price-to-Earnings ratio, given it relies on analyst forecasts?

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