Chendi Chairman Disney Online for listening and also reduce high social

Shanghai Shen di group, Shanghai Disneyland project fan xiping, Chairman of cooperative enterprises. Surging journalist Gao Jianping

On May 15, only 32 days from the Shanghai Disneyland Park, Shanghai Disneyland Resort from May 7 to enter operational testing has been 1 week time, Shanghai Disneyland unveiled at the same time, rides, service levels, capacity will be formally accepted the "big test". Why do operational testing before the Grand opening? In these days of operation found in the test questions? Shanghai Shen di Group Chairman and Chairman fan xiping of Shanghai Disneyland project cooperation May 11 a surging news on an interview, according to its introduction, operational testing is to listen to all opinions, recommendations, or even "ridicule", take the initiative to find all kinds of issues, improvements, adjustments and improved in a timely manner, with the open quality of visitor experience.

Beta was opened to prepare the necessary link

Surging News: why Disney Resort on June 16 before the Grand opening in Shanghai to schedule an operation test?

Fan xiping: operating within the testing before the official opening Welcome, this is all before Disneyland opened a "standards action", and part of the Shanghai Paradise Park is ready to. Operations the intention to test several aspects include, first of all, we do have loads of stress testing so much paradise opens door to tourists, the reaction how? This we zhiqian desktop deduction has many again, plans do has many species, but eventually is to in pressure Xia test related work whether ready, and in place; second, paradise all team of line employees near million name, we to through operation test to speed up multiple team Zhijian of running and collaborative, such of running also should in actual load of situation Xia only can speed up for; again, we is to thanks for project construction made contribution and give support of social parties, invited related people ahead of "early adopters" experience, And their understanding of the project and their own specialization, doomed their readiness to review the project is unique, but personally, I value most is our last preset operation test feature, through operational tests, reflect the problems, be perfected in time, at the same time, social expectations of high cooling slightly.

Through the operation of test appropriate "cool down"

Surging News: why operating test to moderate "cool down"? Isn't it condensed sentiment would be better?

Fan xiping: moderately "cool down" and get noticed are not contradictory. We have entered the era of media, with Expo completely different, everyone can spread through mobile phones, even on June 16 before the Grand opening, the spread has begun. For example, in our park has a number of localized elements in it, Shanghai Disney project will adhere to the Disney classic, but also trying to localize, after running tests is to allow you to test how well, so we need experienced people with a critical view of paradise, we could then gradually improved. For tourists, Disney Learning law of local tourists, their efforts to integrate into attempts to localize possible is not yet mature, but we, as an open international city, should have a tolerant mind to encourage the attempt. We also can release the pressure through the operation of the test, because this area was for a long time, and the higher degree of social concern, this area has a high degree of "hunger". We expect visitors to moderately lower expectations, then use their own eyes found in the Shanghai Disneyland more magical, intimate details.

Active troubleshooting problems with pedestrian-oriented, communications

Surging News: what problems had been discovered operating a test in the near future?

Fan xiping: operations management departments have specialized teams to collect and sort out problems. Preliminary observation on down, we find that the resort area of the pedestrian-oriented is not yet complete, it should be said, tourists line, demand has not been fully matched. Our communications are still not in place in the Park, Chinese tourists love to share, so connectivity features, network coverage has yet to be improved. In addition, visitors to the front-line staff service attitude giving praise, but we also observe employees on the front lines under high frequency of visitors asked whether consistent enthusiasm and level of services, as well as the emergency handling ability. We're running tests to listen to views of society, common troubleshooting issues, so that we have been able to judge, complete in a timely manner.

For frontline staff and volunteers are to encourage 23 years of imprisonment murderers after Chen

Surging News: Disney come to Shanghai to face what is different?

Fan xiping: as early as at the beginning of our cooperation, we'll talk about your vision for the future, we expect the Disney tree can grow in the local soil, so localization is an essential element. Disney built in Shanghai, compared with other Disney World, there are at least 3 different, first of all our visitors, visitor habits, ways of thinking, behavior is different, more than 95% visitors will be local, their consumption habits, ways of expression and recreation projects and service level standards are different from foreign tourists.

Second, Shanghai Disneyland employees – employees are graduates of the country's young people are here to work, and overseas Disneyland, many service personnel in childhood had been to Disneyland, it very much, it is very different. We ask for Chendi Park to do 3 simple things, first is the occasional sporadic bits of paper and other debris on the ground initiative to pick up, followed by the tourists encountered questions to answer, finally, is the express encourages staff and volunteers to see. When the service staff to be positive feedback, and work will become more active.

Also, enterprise operation external environment also not as, was said, Shanghai Disney project on like is a examination room: test enterprise, according to China market features developed operation management programme, established service standard, adjustment disposal method, businesses how has wisdom to insisted quality, and consider visitors of needs; test visitors, how expression mood, civilization garden; test opinion, how guide social on open of product keep due of Catholic, on operation early has may exists of not in place for rational expression, displayed out city of inclusive and confidence And test management, legal compliance, in accordance with the international rules, for tourists and the legitimate needs of the enterprise, to respond in a timely manner, to provide good public service.

Surging News: Shanghai Disneyland will face local features, localization of is, in practice, how to resolve this problem?

Fan xiping: localization process is a major challenge to Disney abroad, Shanghai is no exception, the core fusion. The idea, reflected in all aspects of Park design and construction operations. For example, in the construction process, we propose combining Disney's standards and best practices; in China, we have no shortage of not many principles. Later we are not "out" fuss, but not "indiscriminate" on the Guide. Not simply "labeling", but to nature. Shanghai Disneyland is still the original Disneyland, because the story is Disney, Disney, so very clever, very natural to Chinese element in it. In addition, on the environment to create more Chinese elements. I personally think that, overall, the current Chinese element expression is good, see, Disney is really want to do Chinese elements, elements, China is doing. Senior creative of Disney initially led the creative design team to Chinese folk songs, to a lot of places visited many people, records and thinking about many details, a dazzling surface paradise now.

Sudden death in Shaanxi a 12 year old pupils at noon before the classmates see

Small classes. Shaanxi City Express

After lunch, Xian, Shaanxi Province, An Qudu curved central primary school student days (a pseudonym) sent to school by their families, not soon unexpectedly sudden emergencies, died. Before the students had seen him drink and hot.

To better clarify the day causes of death, children had to be sent to professional bodies to identify the bodies to the families. During the waiting period, Chang ' an district, food and drug administration, the police, industry and commerce, the education sector has also launched an investigation.

School monitor display, hat with something small into the campus, and 40 minutes later, the school teacher holding him ran out. Shaanxi City Express

Die lip nails black and purple and pathologists ruled out external factors

At noon on May 4, 12 year old little days after being sent to school by their families, never came home. According to people who saw him last time said small die lips and nails are black and purple. China business news reporters learned, 4th 12:50, sent him to school by bicycle and left small family, small day across the school's shop and bought some stuff into the campus, about 40 minutes later, the school teacher holding him ran to less than 100 meters away from schools of Chang ' an district du Qu Health Center.

According to Albert said, before the incident he had seen little days had cold and hot, then don't feel comfortable, lying in the seat does not speak.

"Then at lunch time, have students find little wrong, he reported back to the teacher, teacher for the first time picked up the little hospital rushed to the nearest the school community, then we also have called 110 and 120, now the police have been involved in the investigation, after pathologists determine, excluding external factors. School will actively cooperate with the investigation. "Yesterday at about 5 o'clock in the afternoon, terrestrial du Qu central primary school, one teacher said.

Little days after being sent to hospital, Chinese medicine diagnosis of "sudden death". Shaanxi City Express

Snacks are sold by the villagers from the regular wholesale wholesale

Causes of death on small day, talk a lot, most because he ate the school gate to sell hot and cold drinks.

Yesterday at about 6 o'clock in the afternoon, huashang du song streets of reporters arrived at the school, saw the gate closed, several tenants told reporters at the gate, "may not be worried about cars coming and going at the entrance of the school security, the main entrance was closed for about a year's time, children walked next door. "

Due to has school, the school West door is desolate, school door are on with of is a row homes, a car food drug regulatory of vehicles stopped in distance school Simon recently of a home villagers home, terrestrial food drug prison sector staff is housing within for survey, "in private inside make business concealment is strong, zhiqian we to check had times, these door are is close of. "The site, staff of the food and drug supervision departments ordered the villagers of unsold goods seized in the House as soon as possible.

China business news reporters saw on sale in the families in the village are mostly school supplies, snacks, not many, piled up on the ground or some common drinks, cold drinks are stored in the freezer, reporters looked at the brand more.

"Are from the regular wholesale wholesale, also this is not the first time I went to purchase, usually my own children are literally touch Pack eating, are also good. Besides selling goods at the entrance of the school is not our family, that her Editor, now who do not know, we are now actively cooperate with the family investigation. "The villagers said, because usually he bought snacks and school supplies students many small days he does not remember whether he had bought something.

A food and Drug Administration's closest to school Simon vehicles stopped at the door of a villager's House. Chinese merchants network A secondary school canteen year in Nanning for

Insider at noon the same day the children ate beans and mushroom fried rice

Terrestrial du song Health Center admissions records, May 4, at 13:40, from the teacher's action: 10 minutes of syncope, unconscious, Mydriasis appeared cyanotic lips. Chinese medicine diagnosis of "sudden death".

"Then the head doctor is away, we do not understand the situation. You have to understand the specific situation at that time only until next Monday. "The health service centre shift leader surnamed Zheng said. It is understood that the small days after treatment in the hospital, then later go to Wei Qu by emergency hospital.

In an interview, who declined to be named told Chinese business reporters, a small day for school reasons, has been living with relatives, "I've heard people say this baby the day lunch is bean and mushroom fried rice, did not know what relationship did not. "

What caused sudden death, families now have their children sent to professional bodies to identify the bodies.

Anhui man thoracic surgery right after missing the doctor guessed no good shrink

The inexplicable disappearance of the right kidney was Liu yongwei was bewildered by residents of Suzhou, Anhui.

Xinan evening news reported on April 30 this year, when Liu yongwei, Suzhou, Anhui residents being diagnosed with left kidney infection, he remembered his puzzling disappearance of the right kidney.

Liu yongwei last June in Xuzhou medical college affiliated hospital thoracic surgery, in the hospital were told more than a few months after "right renal Agenesis". "I do chest surgery, right kidney missing? "Liu yongwei took questions on seek travel of the kidney, but six months later, whether they are doctors hospital, or related departments, has not given him an answer.

First: the right chest wound has not healed

At noon on April 19, the reporters came to a village office in Yongqiao District, Suzhou City South Gate, ask Liu yongwei, villagers are pointed to a large House. "He knows a bit of ancestral medicine, used very strong, but now his body collapsed. "A villager sighed.

Reporters went to Liu yongwei, a farming tractor was parked at the gate, have started to rust. Entered the room, a small pharmacy in sight. A little later, a thin man appeared at the door, he was Liu yongwei.

"I used to be so strong, now don't take shape. "Liu yongwei told reporters," I'm on the right side of your chest wound fester, want to go to hospitals in Suzhou, to deal with festering wounds. Hospital doctors know that my right kidney somehow missing something, they can't give me for surgery. It matters who interviewed? A fist of organs would die is not? "

Liu yongwei set off his clothes right Thoracotomy wound in, and part of the right kidney is no wound. Delays in processing due to thoracic surgery wounds, has affected other organs.

"My left kidney is now affected, and if this continues, my left kidney is broken, then I really would be finished. "Liu yongwei said.

Memory: car accident transferred to Xuzhou

"On June 12 last year, I drove a tractor pulling a little pig manure to fields, not far from just out of the House, see a few little ones riding electric cars coming towards me. I urgently to avoid them where you know all of a sudden you turn over. "Liu yongwei recalled, when he fell to the ground. "My mind, words come out. I wake up, I heard my wife crying. The body can't move at all. "Injured Liu yongwei was sent to the local Anhui Province hospital for 8 days.

Xinhua learned from the Anhui Province hospital, Liu yongwei was sent to the hospital, emergency room doctors conducted a CT examination for him, found the right side of his body was seriously injured. Diagnostic medical record reads: "traumatic diaphragmatic hernia on the right side, multiple rib fractures on the right side and right pulmonary contusion, pleural fluid on both sides of liver and contusion of the right kidney, thoracic and lumbar spinous process and transverse process fractures. "

Due to poor treatment, on June 19, 2015, at 11 o'clock, Liu yongwei was transferred to the Xuzhou Medical College Hospital's emergency surgery. "At the hospital I had CT, confirmed the diagnosis of Anhui Province hospital. "Liu yongwei said," the doctor told me that my right kidney and other organs in a car accident, was pushed in the chest. Must be immediate surgery and organ replacement. "

Surgery: doctors say kidney back into the abdominal cavity

According to Liu yongwei introduction, he was sent to the Xuzhou Medical College Hospital the next day, the hospital will organize experts consultation, by cardiothoracic surgery chief physician skyblue surgeon surgery.

Reporters from Xuzhou Medical College Hospital seen in the surgical records, the operation name is "+ Transthoracic diaphragmatic herniorrhaphy rib plate fixation + pulmonary fibrosis peeling". "The operation was a success, experts such as Hooper took 8 hours time, thoracic surgery and I was ready. "Liu yongwei said.

In the surgical records, detailing the operation of the hospital from 10 o'clock in the morning until 5 o'clock in the afternoon ended, Liu yongwei chest organs one by one the reset. Surgical records special mention: "the liver and kidneys are incorporated into the abdominal cavity, repair of diaphragmatic muscle. "

Liu yongwei said: "after the operation, the Meetinghouse doctor also told me that, he removed to observe the right kidney was found to be a good back into the abdominal cavity. "Due to its success, Liu yongwei right kidney out Geithner went back and did not care.

"On July 1, the hospital conducted a second operation, primarily wound debridement of my chest. "Liu yongwei said.

"Surgical debridement on July 6 after my body better, was transferred to the cardio-thoracic surgery ward for further treatment. "Liu yongwei said," more than a month, my wounds are stitches, but still some pus, the doctor told me that, should be further treated, not far from Xuzhou to the Shandong provincial hospital for further treatment. "

Liu yongwei shot on film, the invisible traces of the right kidney.

Shocking: take CT right kidney missing

On August 18, 2015, Liu yongwei go through the discharge formalities, overnight to the Shandong provincial hospital. The next day, he received a diagnosis as a bolt from the right kidney was missing.

14:12 P.M. on August 19, Shandong provincial hospital took CT for Liu yongwei, found right thoracic cavity drainage tube in, infection in some organizations. Even more surprising is that "no exact display of the right kidney."

"Seeing the results, the doctor said my right kidney is not. I have been, doctors are back on my right kidney, how could it have disappeared? "Liu yongwei said Shandong provincial hospital is not willing to accept him, because it is not clear how the right kidney is missing.

In order to find out the truth, Liu yongwei reluctantly came to the General Hospital of the Nanjing military region, after a CT examination, came to the same conclusion: "absent right kidney." "Later on, I came to a big hospital in Hefei CT, also showed my right kidney was gone. "Liu yongwei told reporters that a CT said:" If the right kidney, even look like sesame seeds, I can give you a hand out, but your right kidney does show is gone. "

Liu yongwei was unwilling to believe that in January of this year, he was in a large hospital in Suzhou, also come to the conclusion of the right kidney is not.

"I could not resist, I went to the Xuzhou Medical College Hospital CT, when I list to the Meetinghouse doctor CT, he told me, was not of the right kidney. "Liu yongwei said," I said, ' you do the surgery the doctor, right kidney is gone, what's wrong with this thing? He listened to turn and run away. "

Find kidney travel thousands of miles with no result

"Hooper doctors don't give me an answer, from February till now, I was to find the truth hurt. "Liu yongwei said that is too difficult, he has added up to more than 10,000 in the journey.

Liu yongwei find Xuzhou Medical College hospital physician-patient communication Office, the staff let him find a local court.

Liu yongwei find quanshan district people's Court in Xuzhou city, the Court said this is a criminal case, so he went to the local police station. Liu yongwei took the opening note of the Court came to the local police station.

"Police station, police said, if you lose the phone or something, they can pipe. Kidney missing, this thing they had never met, they were unable to control. They gave me a note, let me find a local 12345. "Liu yongwei found" 12345 "complaints and being pushed to" 12348 "," 12348 "and directed him to the Xuzhou medical Mediation Center Office.

Liu yongwei said: "after the Mediation Center for doctors and patients case, since they only told me that Hooper during surgery to take out the kidney, saw that it was good, and put it back. As for kidneys how, they all said ' don't know '. "

A mysterious disappearances of kidney, Liu yongwei trauma travel thousands of miles, but still no one told him the answer, why is that?

Reporters accompanying seeking kidneys, myths have repeatedly staged

Lost a kidney, this is no small feat, so many departments really were the "can do"?

On April 21, 2016, the reporters accompanied Liu yongwei to Xuzhou, Jiangsu Province, trying to find the truth. Never thought of the day, the attitude of the parties was more upset by Liu yongwei.

Police station: you have trouble alarm

At noon on April 21 after 12 o'clock, this reporter went to Xuzhou, weather is very hot, Liu yongwei sitting just out of the railway station is crooked on the ground.

"I'm sorry, I can't walk, walks, wound pain. "Liu yongwei said. Paused for a moment, Liu yongwei and a reporter took a taxi to the tombs of the Xuzhou Medical College Hospital area police station, get off and he was lying on the cement block. "Taxi-top just three times, I think her heart nearly jumped out. "Liu yongwei said," this time I want to go to the police station to get some. Or again a few times, I expect not to see the day when truth comes out. " Harbin sky high fish store recognized staff to

Walked into the police station, police said after police let reporters take down information Liu yongwei, that the matter is complex, if it is real, "crime of destruction of human organs, the key evidence. "The police said, half work at two o'clock in the afternoon, he took a reporter to the Xuzhou Medical College Hospital for investigation.

Waited for hours, police again. "I'm reporting. "The police told Liu yongwei," now follow you to the (hospital) is not appropriate, this incident personal. "He recommended Liu yongwei, first to the Office of the communication between doctors and patients of the hospital, at which time if there is a dispute later made, they get involved. It is not, "If you run to the door of the Office of the President sitting. "

According to the police officer "suggestion", Liu yongwei, and reporters came to the Xuzhou medical college affiliated hospital of doctor-patient communication Office, unable to communicate with Office, Liu yongwei Dial 110. Waited for about 20 minutes, there was still no police there.

"Hospitals and police stations are separated by a corner location, why don't they come? "Liu yongwei Dial 110, there is still no police there.

Hospitals: in the future you do not come to me

Xuzhou Medical College hospital physician-patient communication Office, received Liu yongwei, a principal and journalists, he rejected the request of Liu yongwei wants to see doctor Hooper, head of the House of representatives shall inform their investigation of the disappearance of kidney.

"We have learned that you were injured in a car accident in local hospital and later transferred to our hospital (Xuzhou Medical College Hospital). "The official said:" the hospital kidney did not have, it is a great thing. "

Liu yongwei: "I was just wondering, why didn't my right kidney? I do chest surgery, not a kidney removal surgery, my right kidney, why not? I just want to know the truth. "

In charge: "seen from the surgical records, your right kidney appears before the surgery is dampened, the doctor took the damaged kidney to not use it? "

Liu yongwei: "if my kidney is the contusion, then removed, Hooper back into the abdominal cavity, the doctor will go? "

In charge: "the doctor Hooper took the kidney to and found the kidney from the appearance point of view, are good, so I put back inside the abdominal cavity, a machine down. "

The official also stressed that the Meetinghouse is a doctor in cardiothoracic surgery and not Urology specialists.

So why the strange disappearance of the right kidney? The official replied: "we find a Meetinghouse for the doctor, he guessed was no place in back kidney, atrophy was gone. "

Pressed by reporters: "he (Liu yongwei) to the Shandong provincial hospital after hospital discharge, day time on checking out the right kidney is gone. Right kidney atrophy will one day disappear? "

The official replied: "the question I asked Hooper, kidney will ' instant shrinking '? He can't answer. "

The official stressed that the Liu yongwei's right kidney "evaporate" at the hospital appears to be a "mystery", he recommended Liu yongwei continued to made a report to the police station.

"I hope you will find police station. "The official said," I hope you will not come to me. "

Facing the situation of police did not get involved, the official said, Liu yongwei, Xuzhou city government departments have been involved. "Doctor-patient dispute resolution has been filed in the Office of the Centre in Xuzhou city, since the Government took over the case, you went to the Government. Or go to the police station. "

Department Office: no results of the survey

That afternoon, Liu yongwei, Xuzhou city, came to the Office of doctor-patient dispute resolution Centre, call the case head Zhang Shuhuai, Director. "I'm busy outside, why don't you get back to my notice. "Zhang Shuhuai, estimated results in late April, he asked Liu yongwei April 24 to call him.

On April 24, Liu yongwei eg call Zhang Shuhuai, but the other side has not been answered. Wait until the beginning of May, issued by the Office of doctor-patient dispute resolution centre in Xuzhou city and no findings.

Yesterday, reporters to identify themselves, Hooper, call the Xuzhou medical college affiliated hospital doctors. A journalist asked Liu yongwei right kidney missing things, Hooper said: "we already have a survey to the Xuzhou medical dispute mediation centre Office. "With that, he hung up the phone.

Reporters call the doctor-patient dispute in Xuzhou City Center Office, Zhang Shuhuai said by telephone: "we are February 18, Liu yongwei's case, there is no survey results. "

"We were filing, access to a variety of materials. "Zhang Shuhuai introduced, there are materials appear in the operation Hooper took out the right kidney, right kidney intact and put it back. "We have to find out the situation, and Hooper speculate that, missing estimates of the right kidney kidney atrophy. "

Pressed by reporters: right kidney will shrink to disappear?

Zhang Shuhuai, Hooper's explanation is only a guess, "like fighting, are said. In an authoritative survey now. "

Zhang Shuhuai said the investigation when the report came out, there is no timetable.

"To say it's my own kidney out, and no trace of surgery in my right kidney area. Renal atrophy to say, even if one kidney to shrink to the size of sesame seeds, also observed by CT. "Liu yongwei said," do not know right now where, dare not give me treatment in other hospitals. "

Kidney will really shrink to disappear? Reporters consulted experts in our province yesterday. Second affiliated hospital of Anhui Medical University Urology physician Yu Dexin said kidney atrophy, even shrinking, generally observed by CT.

For the disappearance of the right kidney, Yu Dexin, said had not heard of similar cases.

Video the Buffett answered 37 questions of shareholders don t be jealous of

Local time in the morning of April 30, United States town of Omaha, Buffett from more than 40,000 investors around the world pilgrimage.  Buffett talks with reporters. Dongfang IC

22:30 April 30, Beijing time (East of 10:30), Warren Buffett runs Berkshire Hathaway 51 annual general meeting of the company duly convened. Warren Buffett and Charlie Munger field questions from shareholders, journalists and analysts ' questions, General painting at 17:18 local time periods. Dr z s brain cavity not fulfilled international

Most attention is undoubtedly the question of the day, Berkshire shareholders and investors from around the world gathered in one, Buffett and Munger to ask questions in order to achieve insight. In the last 6 hours of time, Buffett answered nearly 40 issues, ranging from United States political situation, global economic problems to the company's share price and the prospect of individual trades.

To record the following:

EST 16:26 the last audience question: in his annual shareholder letter, your sense of humor always brings a lot of fun for us. Your sense of humor come from?

Buffett: I think Charlie more than me have a sense of humor.

Munger: If you see the world exactly, is necessarily a sense of humor, because the world is so ridiculous.

EST 16:26 audience: how to explain investment in IBM?

Buffett: while IBM has some advantages, it also has certain weaknesses.

Munger: this is directly related to changes in the computer industry. No one knows if IBM will succeed or fail, but this is an area of many wise people will succeed.

EST 16:18 audience: the real estate market is still not very stable, what do you think?

Buffett: now the interest is low, very attractive, many real estate investors have to think so, but this is not right. Although 2012 are not so attractive, but I don't see a nationwide housing bubble. In Omaha, for example, as well as the United States much of the country, buyers are not paying bubble prices. I think, the next significant change or crisis, not because of a real estate bubble.

EST 16:13 audience: if loss of Berkshire's reinsurance Fund Manager Ajit Jain and what happens?

Buffett: no other Ajit, but others also brings great value to Berkshire.

EST 16:08 audience: many oil workers of Houston, whether oil prices will affect fed policy?

Buffett: I don't think it will have much impact. Low oil prices for the United States economy as a whole should be good, because the United States is a net importer of crude oil by country. Many consumers would benefit from lower oil prices. Crude oil for the United States economy is a very important part, but even if oil prices fall, United States economy continued to improve. Of course, if we can predict low oil prices, duration of course.

East Fortune retirement 16:01 reporter Carol question Looms: how to manage Berkshire's cash flow?

Buffett: and some other companies, we were never less than 20 billion dollars in cash, I like this. In this context, we do not have any cash flow concerns. We will not do anything to change the situation. If the extension of vendor payment cycle, we have more capital. But we do not need, do not want to damage relations between the supplier and a win-win situation.

Morningstar EST 15:51 (Morningstar) company Gregg Warren asked BNSF operations continues, what should I do?

Buffett: the continued depreciation of rail transport, had to invest more money, and quite different from the previous year, but any railway company must do so. For the BNSF, we take depreciation more money than it is now, is negative for now, but we'll keep looking for ways to adjust the existing situation. We did not know that oil prices have fallen so much, however, downturn in the coal industry and the direction of our investment is not too relevant. We have done research for a long time, we hope that the future railway transport industry to do better.

EST 15:40 Ruane, Cunniff and analyst Jonathan Goldfarb Brandt asked Berkshire will reassess United States American Express stock?

Buffett: United States express does hit, but also because of their business so attractive. But even if the United States express less attractive before, is still well worth a good business. Charlie and I continue to re-evaluate our investment to assess threats to the enterprise is a difficult task.

East Fortune retirement 15:26 reporter Carol question Looms: Brazil private-equity firm 3G Capital Partners business model and operating philosophy. In recent years, including the establishment of Kraft, Heinz Company trading, Berkshire was deemed to be against the layoffs, but 3G in terms of cutting costs relentlessly.

Buffett: 3G and its partner and suggest layoffs are necessary, they do cost-cutting has been very clever. We are concerned about the cuts may impact on the product packaging industry, but at the moment I do not see any damage. Too many employees and departments is never a good thing. If restricted in one area, it may also be the case in other areas.

EST 15:19 audience: management of Berkshire is a normal company, but why not AAA credit ratings?

Buffett: the credit rating is simply the wrong mechanism and mechanism before the block. The way they treated us and our reality is different.

Morningstar EST 15:13 (Morningstar) company Gregg Warren questions: in terms of subsidiary companies and managers to replace what?

Buffett: the Board of Directors will present the matter, which is why we have not announced a name. Because first of all, do not know when it will expand on the plans for a successor and, secondly, on his successor's personal circumstances may change at any time, in this case, the Board may select the next candidate, no one knows what will happen next. We won't spend a lot of time holding the name or position.

EST 15:05 CNBC reporter Andrew Ross Sorkin question: when Berkshire traded, can't seem to do due diligence, handshake is complete. Speed may be the advantage, but less due diligence will not for Berkshire at risk?

Buffett: we had made many mistakes in mergers and acquisitions, but most are economic prospects or future assessments about the error, they even did more due diligence seems to have problem too. No list can cover all the matters in the world. If we missed something, we have to focus on how to make up for these issues.

Munger: sometimes I see some projects fail, but we want to do basic project can be made. We are more concerned about quality, and human qualities, these are must do due diligence. And how many people look a spouse's birth certificate?

EST 14:58 audience: things that make you successfully established and Munger of Berkshire, what you disagree with?

Buffett: former mentor and I learned a lot, and I learned a lot from Munger. My life I have observed what can business operations. You have to know what they can do, which is unable to do so. It's not complicated, you do not need to have a high IQ to invest, but must have the emotional control. Some very smart people sometimes do stupid things to avoid "self destruction" would be nice.

Munger: emotional and sometimes opportunities complement each other, so can learn from their mistakes. I have now a grandfather, I always say is, don't envy others ' success, as long as the standard way of doing things. If Berkshire is really smart, probably will not be as successful as it is today.

Insurance analyst Cliff Gallant EST 14:53 question: Berkshire now has 10 billion or 20 billion cash flow, how to control cash flow?

Buffett: United States business model was mature enough. Not too smart to get huge returns. As long as the vision is good.

EST 14:48 CNBC reporter's question: some of Berkshire's investments as if we as individuals don't understand. Berkshire's investment decisions are made, how on earth can we see your own investments?

Buffett: my thinking is, if the target company to be purchased by Berkshire scale and benefit Berkshire, we would consider buying. Personally, I of course also have some assets, these assets are not interested in Berkshire. If these assets and Berkshire have conflict, I will not invest in. I would rather have Berkshire's money, because I want to earn the money to make the. I stood on the Berkshire side.

Munger: I have no outside of the Berkshire and Buffett is a significant investment. We won't do any thing and Berkshire have conflict.

EST 14:41 Ruane, Cunniff and analyst Jonathan Goldfarb Brandt questions: acquisitions of oil field chemicals last year can you talk about?

Buffett: I am particularly concerned about the details. Decided to buy and not to buy, not just according to the interest, and also to assess its feasibility.

Mergers in the oil field, is a very good business, but it is not an appropriate time.

East Fortune retirement 14:32 reporter Carol question Looms: biochemical and nuclear-related terrorist acts.

Buffett: these issues may occur. I certainly hope that doesn't happen, but when it does, I hope that these effects can be reduced to a minimum. 7 billion people around the world, everyone thinks differently, and relationship to each other may be threatened, many mentally ill people will do a lot of crazy things. Concerns at the Federal Reserve regard the possibility of risk, this should be the focus of concern for the Government. We've had good times, also went through turbulent times. "9·11" after some people had received letters containing germs, if your mind is not good, will send letters with the virus to other people, this is very bad. If there is anything that can put an end to these practices, I will do so.

Morningstar EST 14:19 (Morningstar) company Gregg Warren questions: in 2015 year Berkshire's share price was down by, whether you think should repurchase stock?

Buffett: lost must not exceed 1.2, 1.2 was my target, I was concerned about a number of. I think down bought back when 1.2% or 1.1% is very appropriate. But I do not accept shares to buy, I wouldn't brag about making money from buying stock. We can not find better ways to use capital, so we want to raise the threshold, do not want to get out of control. In any case, to buy back shares at lower than the actual value of the price, is a good thing for our shareholders.

Munger: buy-back value is rarely mentioned in the question, as Berkshire we are arrogant, I couldn't control myself.

14:13 in East Berkshire's talent does not seem very diverse, will affect the value of a company?

Buffett: Directors and managers has been established and will continue to Berkshire's culture and shareholders welcome the establishment of these cultures. These will not be easy to change. Our culture is no problem, will complement the ideas and values of each of us.

Charlie: I'm more optimistic than Buffett, I do not think that these questions. Our staff turnover is very low. Many directors are not for the money as the Director.

Buffett: many aspects into consideration when we choose competent people, they must have the professional skills and is suitable as a Manager. I feel that it is the best of the directors. Some consulting firms will call me, I recommend the list of candidates. But our Director asked me first, he was able to show our good faith, they are not here to make money, or to high positions. He would have the expertise to shareholder interests. There are interested in Berkshire company, consistent with the company's philosophy. We have no specific department or Committee of the annual general meeting of shareholders or other specialized companies, all our staff is your rolled up his sleeve to make the Conference.

Insurance analyst Cliff Gallant EST 14:05 question: insurance business through a Web platform now, Berkshire would consider it?

Buffett: you may want to try a lot of things, so I am very surprised that insurance business in the past from the phone platform to platform changes. We'll try a lot of things, made some mistakes. However, after twenty or thirty years, and I believe there will be very different.

East end of the upper part of 12:58 shareholders, will be held at 14:00 started the second-half.

EST 12:45 Buffett shows contrast five Fund Protege Partners p 500 average performance.

Munger says, "as long as our stock is good. "

Buffett stressed that "we have some excellent managers, but such a good manager like a needle in a haystack rare. "

EST 12:34 audience: the eradication of which competitors most beneficial to you, not to mention Donald Trump.

Buffett: we have many competitors, we have other people in our field of competitors. We are more interested in is what our clients want, you focus on customer, customer will interest you. You can not do this, business will stay away from you. We don't want to eliminate an opponent, we just want to do better.

EST 12:31 Ruane, Cunniff and analyst Jonathan Goldfarb Brandt questions: leasing is a great source of profits of Berkshire, will talk about?

Buffett: canned a truck leasing is a good business, we have $ 1 billion investment, this is not only a profitable business, or bring convenience to people's service. Aircraft leasing has been involved in, we think it is a terrible business.

EST 12:23 audience: investment banks, including Wells Fargo's future direction?

Buffett: Bank generally does not refer to an investment bank, is a very good business at Wells Fargo Bank. But when it comes to investment banks, we do not invest a lot of places. In 2008 we also made a lot of money invested in Goldman Sachs. We have a variety of revenue sources, we feared more than loved for investment banks.

East of 12:12 to a question: If Trump is elected President will bring policy regulatory risk for Berkshire?

Buffett: it's not a problem. Government policies and regulations will affect all companies in a wide range. We hope that Hillary Clinton is elected, but no matter who is elected, we will continue to grow, we will do very well. United States commercial and social match very well, people are willing to invest their money in this place.

Munger: the positive side, GDP numbers did not interpret the quality of a system.

East of 12:04 to a question: I realize that Berkshire no betting crude oil prices, but have any investment in this area?

Buffett: no, I don't think I can predict the price of oil or other commodities, and never make any trading decisions based on these forecasts.

EST 11:56 CNBC reporter Andrew Ross Sorkin question: Nevada new rules and restrictions for renewable energy impacts?

Buffett: Nevada's problem is that in the past few years, if there is an energy or solar power-related business, the price is beyond our capacity. Although the Government encourage solar energy or wind power, but installation of solar energy panels was more expensive than other sources of energy such as natural gas, then who is going to pay these bills in renewable energy brings, can become a problem. Federal Government policies are all United States taxpayers, Nevada, think it's not worth it. This is a political issue, I personally think that benefit communities through emission reductions, costs should be borne by the community as a whole.

EST 11:51 audience: many children including myself is the next generation of your followers. Kids today have begun to research stocks, could you spread your investment philosophy to children?

Buffett: don't envy others, don't be jealous of people who win the lottery, or through IPO to earn a lot of money. So-called millionaire is no secret, as long as they think about what makes sense, and have a strong mind, not by you which stocks to buy.

EST 11:47 Ruane, Cunniff and analyst Jonathan Goldfarb Brandt question: the railway industry and the auto industry have a recession, this recession will increase in the future?

Buffett: reduction of coal production, and winter is not so cold, have reduced the income of the coal industry, and the impact on railway operations and primarily related to coal. BNSF Railway Company's first-quarter earnings drop, and this trend is likely to continue this year. But at present we estimate business, not looking at the stock value alone. I believe that BNSF is our very good assets, have a very good development in the future.

East Fortune retirement 11:43 reporter Carol question Looms: If the United States, like Europe and Japan as the introduction of negative interest rates, what will be the impact on us?

Buffett: negative interest rates will impact our company, because we have a lot of cash and capital, have such a strong purchasing power. Some insurers, ten years ago and now is completely different, ten years ago no one taking into account the problem of negative interest rates. We certainly hope that our cash flow faster and better.

EST Investment Bank derivative products 11:35 the audience questions.

Buffett: derivatives, the most difficult is to assess the value, the biggest danger is whether it will break, causing stock transactions could not be completed.

Morningstar EST 11:26 (Morningstar) company Gregg Warren questions: in terms of renewable energy, Berkshire has invested a lot of money. Berkshire is do you want into renewable sources of energy? This is a long-term goal?

Buffett: of course, we hope that our next generation, our children have more energy available for use. The Federal Government has a lot of incentive, and everyone around the world to pay for their carbon emissions. Renewable sources of energy to replace the existing degree of energy, depending on Government policy. The current Government policy is to allow the community cost-sharing, rather than let everyone through emission reduction benefits. But we hope that laws and policies change in the future, if the Government gives us more on tax concessions, we will invest more in this area.

Hon EST 11:18 CNBC reporter Andrew Ross Sorkin: you have answered a question very well last year, Coca-Cola's are there any adverse effects, how much do you use every day to drink Coca-Cola's answer has not been adversely affected. But a Tufts University study, people should not continue to take too much sugar can cause cardiovascular disease and cancer, and so on. You put aside your own experiences to talk about drinking Cola, why have so many shares of Coca Cola?

Buffett: calories is a problem, I probably eat 700 calories a day Coca Cola, I may consume 2700-2800 calories a day. But if not be sugar from the perspective, I think I was willing to eat some sugar, my mother and grandfather also are doing. People probably already consumed 1.9 billion ounces of Cola consumed 108 ounces of Coke per person per year. If a person consumes calories a day one-fourth from coke, you can choose exactly how many calories, how much sugar intake. For example, coke and peanut candy are my favorite day, makes me very happy. Do a lot of happy things, and can make you live longer. I want to have a twin brother eat green vegetables broccoli water and see who we are happier, I believe I will be more than happy, long life. So I think Coke is a wonderful product. If you can eat a well balanced, not to let yourself be obese, there is no evidence that Coca Cola is harmful.

Munger: I have a diet Coke. Now you just considered bad regardless of the benefits. If each year how many people crash, you don't fly, it's very immature idea.

11:11 in East Germany audience: see Amazon.com and other companies ' growth, great changes to its marketing strategies. From sales to customer looking for a product to this transformation, and what it means to the company?

Buffett: we're not going to want to, this favorable trend to affect our long-term business in the future. For us, we are not anxious, we do not want to be involved in are still against it. For helping us a lot in the Internet era, but when thinking about new opportunities, we would face some resistance, but we have added to the Internet era, we will try to do things you are good at. Berkshire's biggest advantage is that we are not fixed in one industry, such as steel or tire. We will distributed in many industries. In my view, must have a flexible mind, to think about assets deployed in the areas.

Insurance analyst Cliff Gallant EST 11:01 question: in fact, Geico has no Progressive well. What do you think?

Buffett: Geico's performance was good in the first quarter. Geico and Progressive marketing models, I think that Geico has very good profits this year. Hope I was 100 years old when our market share than State Farm, part of what I'm going to do what I can do, is to live to be 100 years old.

Buffett: reinsurance business has little appeal to us. Many insurance income and interest rates. In simple terms, reinsurance are faced with fierce competition. Insurance providers, but demand does not increase, returns will deteriorate. As far as growth and profitability, Geico did a good job in the past.

EST 10:56 audience: for a long time, is there something if you go back and take a different approach?

Buffett: I've decided I'm my own favorite employees. Charlie and I are blessed by God, and we are working every day, these things are very interesting and worth it. We were very lucky, we are partners, so I have nothing to be complained about. From a business, looking back, I feel that the textile industry did not seem too appropriate.

Charlie: I'm 92 years old, but still has a lot of energy to do something, it is hard to come by.

East of 10:50 to a question: Why buy Precision Cast, the company's prospects?

Buffett: managers of this company is very good, Charlie and I've seen a lot of managers. And they have very sophisticated aircraft manufacturing technology.

East Fortune retirement 10:45 reporter Carol question Looms: hebafeite changes the argument of a decade ago, said Berkshire will acquire needed little or no capital investment business. BNSF with Berkshire Hathaway Energy is an example of exactly the opposite.

Buffett: perhaps we can spend 10 billion or 20 billion to buy the company, but if they cannot continue to grow, there will be a double burden. I can increase the assets reorganization and to buy other companies, driving us to raise more funds, gaining additional returns. And a lot of money is not invested in quickly earn rewards.

Munger: early when some companies can get a good return on our investment. But several did not get a good return, then our priorities will change. More importantly, with the least amount of money to get more in return.

(The above was authorized to release an account of Wall Street)