Berkshire 2012: Buffett on Risk, and How to Avoid It

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Welcome to our coverage of the Berkshire Hathaway (NYS: BRK.A) (NYS: BRK.B) annual shareholders' meeting, also known as Woodstock for Capitalists! While cameras are strictly prohibited in the arena with Warren Buffett and Charlie Munger, Brendan sneaked outside to the exhibition hall to offer a quick reaction to some of the Q&A session so far. After one question about how Buffett views risk, Buffett said, "We'll never risk what we have for what we don't have and don't need." In this video, Brendan talks about how Buffett and Munger view risk, and how it fits into their investment thesis. Make sure to follow Buffett and Munger's Q&A with our live chat. Even after Berkshire 2012 is over, check out this site to get a recap of the meeting, featuring everything from detailed notes on Buffett and Munger's Q&A to pictures and videos from the event.

At the time this article was published Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool owns shares of Berkshire Hathaway.Motley Fool newsletter serviceshave recommended buying shares of Berkshire Hathaway. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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