- Berkshire Hathaway CEO Warren Buffett attended a women’s investing conference in Omaha, Nebraska, on Friday, a day before his company’s annual shareholder.
- Buffett answered questions about women in investing and value investing.
- Follow Markets Insider’s coverage of Berkshire Hathaway’s annual meeting here.
Berkshire Hathaway’s annual shareholder meeting on Saturday wasn’t the only weekend event on CEO Warren Buffett’s calendar. He attended a women’s investing conference in Omaha, Nebraska, on Friday.
“I think it’s great, but I think it’s way overdue,” Buffett said of the Variant Perspectives Conference, a women-focused investing conference that took place at a hotel across the street from the venue where Berkshire’s gathering is held, according to CNN.
As Buffett made his way on stage, one of the women greeted him and asked if he wanted to sit in the middle of the group because “I know you like blondes.” The other two women on stage had blonde hair.
“Do you think women invest differently from men?” the event’s moderator asked.
“I wouldn’t think so,” Buffett replied.
“There’s no way I can really answer that question, but I would say this. Both my sisters loaded up on Berkshire Hathaway too,” he said to a room full of laughter.
Hed added: “I think what I’ve learned in the first 88 years is that I don’t see any reason for there to be a difference in men and women in making investment decisions. The stock doesn’t know who owns you. It’s not going to do something different because female eyes are looking at it.”
He then said there might be one element that makes a difference.
“The only way it would make a difference is if somehow you’d been brainwashed, and that could be any group, it could be women, it could be, you name it, to thinking you couldn’t do it,” he said.
“It’s very important to have the self-assurance to believe that you can do something, and if part of the background was an educational system and a culture that told you you weren’t any good at something, you won’t be good something. I mean, that becomes a self-fulfilling-type thing.”
In response to a question from the audience about the way value investing has evolved, Buffett played down the perception that he’s a so-called “value investor” through and through.
“As my partner Charlie says, ‘What else is there but value investing?’ We don’t consider ourselves value investors. We consider ourselves investors, and there’s only one thing to do in investing,” he said.
“There is no such thing in our mind as value or growth investing,” he continued. “The idea is to have your money grow, and you get that by getting good value in relation to the projected cash that comes out of a business.”
Buffett is widely known for his witticisms and observations about investing and the markets.
Read more markets and investing coverage on Markets Insider:
Business Insider Emails & Alerts
Site highlights each day to your inbox.