Audience Member

My question is for all of us, but it's probably especially for the younger people in the room.

My question is for all of us, but it's probably especially for the younger people in the room.

And what advice do you have for young investors who are looking to develop their investment philosophy?

And what advice do you have for young investors who are looking to develop their investment philosophy?

Last year, you mentioned Coca-Cola and American Express being Berkshires.

Last year, you mentioned Coca-Cola and American Express being Berkshires.

No, I'm an agnostic.

No, I'm an agnostic.

One of the big questions repeatedly is... Does all that mean you are semi-retired? Or if not, please explain.

One of the big questions repeatedly is... Does all that mean you are semi-retired? Or if not, please explain.

I would say that people that are now investing in hedge funds in aggregate are going to be disappointed. And he's also been a critic of hedge funds. And believe me, people don't become a genius just because you walk into some... office and it says hedge funds on the door.

I would say that people that are now investing in hedge funds in aggregate are going to be disappointed. And he's also been a critic of hedge funds. And believe me, people don't become a genius just because you walk into some... office and it says hedge funds on the door.

When you consider what Mr. Carney just said, that Canada's not for sale, does this make the discussion a little more difficult to start on?

When you consider what Mr. Carney just said, that Canada's not for sale, does this make the discussion a little more difficult to start on?

That's also true.

That's also true.

That's also true.

Okay.

Okay.

Okay.