Being Buffett and Blunt

Buffett on Berkshire, compensation and successors - May. 5, 2007

Oracle of Omaha has frank assessments of the Dow, housing and CEO compensation

by CNN's Susan Lisovicz

May 5 2007: 5:27 PM EDT

OMAHA, Neb. (CNN) -- He played the ukelele. He sang with dancing fruits. He went one-on-one in a comical videotape against NBA star LeBron James.

And then in the spectacle long known as the Woodstock for Capitalists, Warren Buffett fielded questions from shareholders at Berkshire Hathaway's annual meeting in Omaha, Nebraska, Saturday. For nearly six hours the 76-year-old billionaire and is counterpart and vice-chairman, Charlie Munger, 83, addressed issues before a crowd of roughly 28,000, handling topics ranging from the glut of private equity deals in the U.S to acquisition possibilites overseas.  (CNNMoney.com)