Here are 5 key takeaways from the 2024 Berkshire Hathaway AGM:

1. Buffett on AI: Buffett warned about the potential dangers of artificial intelligence (AI) being used for scams, comparing it to the destructive power of nuclear weapons.

2. Apple Investment Reduction: Berkshire Hathaway revealed they cut their Apple investment by 13% in Q1 2024, despite Apple being one of their largest holdings.

3. Canadian Investment Interest: Buffett hinted at Berkshire exploring investment opportunities in Canada, though details remain unclear.

4. Greg Abel Poised for Future: Buffett acknowledged that his longtime partner Charlie Munger is no longer involved in capital allocation decisions, implying they will fall to Berkshire's vice chairman, Greg Abel.

5. Tribute to Munger: The meeting paid homage to Charlie Munger, with his book being the only one available for purchase and many expecting a formal tribute during the event.

How will I apply these key takeaways for investing in Malaysia stocks?

In my humble opinion, there are three things that I observe in Warren Buffett investment philosophy.

1. Diversification is Super Important: Even Buffett, known for concentrated bets, is trimming a major holding (Apple). Consider diversifying your portfolio beyond the a few hot stocks to manage risk.

2. Think Long-Term: Buffett's success relies on a long-term outlook. Don't panic sell high conviction stocks due to short-term market fluctuations. Focus on companies with strong fundamentals for long-term growth. This applies to stocks that you already know well before investing in it.

3. Emerging Markets Potential: Buffett's interest in Canada suggests he sees value in under-explored markets. Look for similar opportunities within Southeast Asia, potentially beyond just the established KLCI blue chips.

If you are willing to spend 4 hours of your time to learn, you can watch the full video below.