My Pilgrimage to Warren Buffett's Omaha

Becky Quick: Let's talk a little bit more about your letter and some of the things you put out in it. You mentioned that you were going to be doing some things a little differently this year at the Annual Meeting. Last year you added a panel of analysts who asked a lot of questions at the Annual Meeting -- along with three journalists who asked questions and all the questions that come from the audience. You say you are going to have one insurance analyst but you've added another analyst who will be looking at the other Berkshire companies and that you are looking actively for a bear on Berkshire Hathaway. Why did you add that?

Warren Buffett: To make it more interesting. The crowd can hear somebody that thinks the stock is overpriced or that it's a house of cards or whatever it may be. And we want the media to be interesting. So that person will get six questions, and we now have that person because I said it had to be a credentialed bear, preferably one who was short the stock. Doug Kass is certainly a credentialed investor, and he said he is short the stock and he'd like to do it. Doug, you are on!