Financial Analysis

1. Read the following articles/excerpts: Buffett, W.E. (2019). 2019 Berkshire Hathaway Annual Shareholders Meeting. Read section “Board of Directors” pp. 12-14 Buffett, W.E. (n.d.). Berkshire Hathaway Corporate Governance Guidelines. Read the open letter and commonsense corporate governance principles Buffett, W.E. and Munger, C.T. (2019). 2019 Berkshire Hathaway Annual Shareholders Meeting. Watch/read “10. Independent board members aren’t really independent” section Question for discussion: Comment on why independent board members aren’t really independent. 2. Read the following excerpt: Buffett, W.E. (1987). Warren Buffett’s 1987 Letter to Berkshire Shareholders. Read the “Financing” section Question for discussion: Comment on why excessive amount of leverage can be detrimental to the well-being of any corporation. 3. Read the following articles/excerpts: Buffett, W.E. and Munger, C.T. (2004). 2004 Berkshire Hathaway Annual Shareholders Meeting. Watch/read the “21. Easier to find bargains among stocks than IPOs” section Buffett, W.E. and Munger, C.T. (2012). 2012 Berkshire Hathaway Annual Shareholders Meeting. Watch/read the “6. Stay away from IPOs and big commissions” section Question for discussion: Comment on why participating in IPOs may not be a good investment.