The annual meeting of Berkshire-Hathaway is capped off each year with its two leaders, Warren Buffett and Charlie Munger, answering questions from shareholders and the media. It’s usually full of interesting and amusing comments. This article is a digest of some key points. And here’s a different take on the highlights.
“I would say I’ve been eating things I like to eat all my life. And Coca-Cola (ko, +0.46%), this Coca-Cola 12 ounces, I drink about five a day. It has about 1.2 ounces of sugar in it. And if you look at what different people get their sugar and calories from, they get them from all kinds of things. I happen to believe I like to get my calories from this, I enjoy it … If you told me that I would live one year longer—and I don’t think I would—if I’d live one year longer if I ate only broccoli or asparagus or whatever, or if I eat what I like including Coca-Colas and steak and hash browns, I’d rather eat what I like and enjoy eating what I like than eat something I don’t and live another year.
“And I do think that choice should be mine. Maybe sugar is harmful and maybe you’d encourage the government to ban sugar … But I think Coca-Cola has been a very positive factor in the country and the world. And I really don’t want anyone telling me I can’t drink it. I think there’s something in longevity of feeling happy about your life.”