Buying Amazon, Tesla's auto insurance, and "atoning" for missing Google

As they do each year at Berkshire Hathaway's shareholder meeting in Omaha, Warren Buffett and his partner Charlie Munger spent roughly five hours answering questions from journalists, analysts, and shareholders.

Here are some of the highlights:

• Buffett says Berkshire’s purchase of high-flying Amazon was still ‘value investing’

• Buffett knocks Elon Musk’s plan for Tesla to sell insurance: ‘It’s not an easy business’
  
• Buffett hints at possible successors, but largely avoids the issue again
  
• Buffett says auditor hasn’t approved Kraft Heinz’s financials: ‘There’s something going on’

• Buffett says bitcoin is a ‘gambling device’ with ‘a lot of frauds connected with it’
  
• Buffett: If a bank needs a government bailout, the CEO and spouse should lose ‘net worth’
  
• Munger predicts Berkshire will get "a little more liberal" with repurchases

This is the clip from Yahoo Finance (they live streamed the event) in which Buffett says Berkshire's two portfolio managers are looking at stocks the same he did when he was looking "for all these things selling below working capital years ago" and Munger suggests Buffett's big Apple buy may have been "atonement" for not buying Google stock years ago.  

BUFFETT AROUND THE INTERNET

A look at how today's meeting was covered by a variety of news outlets. (Subscription may be required for some links)

• Buffett and Munger sound off on Brexit at Berkshire meeting: 'horrible' and 'a mistake' (Yahoo Finance)
  
• Berkshire Meeting Offers Glimpse of Post-Buffett Leadership (Bloomberg)
  
• Buffett Talks Berkshire’s Future, Missteps at Annual Meeting (WSJ)
  
• Buffett defends Kraft, says Wells Fargo made 'big mistakes' (Reuters)
  
• DealBook Special: Berkshire Hathaway Annual Meeting (NY Times)
  
• Berkshire's Buffett calls himself a 'card-carrying capitalist' (Fox Business)
  
• 7 big thoughts from Warren Buffett during annual Berkshire Hathaway meeting (USA Today/The Motley Fool)
  
• Berkshire Hathaway investors worry about life after Buffett (AP)
  
• Highlights - Wit and wisdom of Warren Buffett (Reuters)

WE'LL BE BACK MONDAY

We'll have another special edition of the newsletter on Monday to catch you up on Buffett's live "Squawk Box" appearance.

Also coming Monday to our Buffett Archive: complete video and a transcript will be posted for today's 2019 Berkshire meeting, along with a highlight reel and assorted clips.

Please send us any questions or comments about the newsletter to buffett@cnbc.com.

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