The document summarizes key points from Warren Buffett's annual Berkshire Hathaway shareholder meeting. It discusses Buffett's views on the financial crisis, stocks he favors, and things he dislikes. It also provides an overview of Berkshire Hathaway's succession plans and Buffett's thoughts on what should be taught in business schools.

1. Warren Buffett’s Way Alec Hogg Reporting back from Berkshire Hathaway AGM Omaha, Nebraska May 2009

2. Buffett: Nebraskan to the core, man of simple tastes...

3. And a close South African connection, too

4. Some of what 35,000 Pilgrims come for...

5. 6:55am, May 2, 2009, Qwest Centre, Omaha

6. 7:30am, May 2, 2009 - Qwest Centre, Omaha

7. 7:30am, May 2, 2009 - Qwest Centre, Omaha

8. / 25 Warren Buffett, media star

9. Buffet 38, Market 6 2008 1965 to 2008 Negative -9.6 % Negative 37.5% 11.0 % 5.5 % 20.5 % 8.9 % Key: Berkshire Hathaway S & P 500 In 44 years, Berkshire Hathaway lost money only once before 2001: - 6,2% During same period S&P was negative 11 times 2008 Berkshire Hathaway: -9.6% S&P 500: -37.5% 1965 to 2008 Berkshire Hathaway: 20.3% S&P 500: 8.9% NB 70% of active managers UNDERPERFORM index 8.9 %