Last week, 40,000 people crammed into Omaha’s CenturyLink Center for the Berkshire Hathaway shareholders’ meeting to hear Warren Buffett and partner Charlie Munger field questions on almost every imaginable subject. A more intimate setting to have personal access to Munger is the annual meeting of the Daily Journal Corporation, a small publishing company in Los Angeles. Munger is the board chairman. 2017 was a rare year that no one from MCM attended the meeting, but here is one attendee’s 10-page summary of the meeting and Munger’s comments, followed by two Munger essays on the Great Recession of 2008-09 (published in 2011) and market speculation (1984.) It is excellent reading.