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Wesco is a company run by Warren Buffett's partner Charlie Munger, and 80%-owned by Berkshire. Munger is pretty much just as brilliant as Buffett, and as insighful on investing. So it's well worth reading what he (and Buffett) have to say at their annual meetings.

Here are Whitney Tilson's notes on the Wesco meeting:
http://www.fool.com/news/foth/2001/foth010508.htm

Actually, above is his best-of collection. The full notes are here:
http://www.tilsonfunds.com/wscmtg01notes.html

Enjoy!

Selena
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