{"title": "Warren Buffett and taxes | Sami Miettinen | Negotiator 329", "titleOriginal": "Warren Buffett Verot | Sami Miettinen | Neuvottelija 329", "episodeNumber": "329", "guest": "Sami Miettinen", "publishedAt": "2025-05-07", "duration": "33:40", "durationIso": "PT33M40S", "youtube": "https://www.youtube.com/watch?v=3n4IlndcIdQ", "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/603-warren-buffett-verot-miettinen-neuvottelija-329", "originalLanguage": "fi", "format": "full", "topics": ["investing_markets", "ownership_capital_tax", "finnish_economy_policy"], "description": "A short solo update episode with two subjects. Sami Miettinen was in the room at Berkshire Hathaway's annual meeting in Omaha on 3 May 2025, where the 94-year-old Warren Buffett said he would hand the chief executive's job to Greg Abel, and reports from there with clips recorded on the trip. He then goes through which of the Finnish government's mid-term tax decisions were actually recorded and which were not — including the one he calls the clear disappointment, the inheritance tax reform that was left undone. He states in the episode that the owner-friendly changes that did go through are exactly the ones he promotes professionally.", "chapters": [{"t": "00:00", "title": "The Berkshire Hathaway AGM and a visit to Warren Buffett's house", "seconds": 0}, {"t": "01:17", "title": "Camera trouble and the new Osmo Pocket 3", "seconds": 77}, {"t": "02:11", "title": "On Berkshire shares, with Heikki Keskiväli as guide", "seconds": 131}, {"t": "03:10", "title": "Buffett's house as one of his best investments", "seconds": 190}, {"t": "04:04", "title": "Berkshire Hathaway the textile company", "seconds": 244}, {"t": "04:49", "title": "Wisdom learned from mistakes", "seconds": 289}, {"t": "05:06", "title": "Local Omaha businesses and their managers", "seconds": 306}, {"t": "05:34", "title": "Harry Bottle was Buffett's Mr Wolf", "seconds": 334}, {"t": "06:00", "title": "Charlie Munger's role and legacy", "seconds": 360}, {"t": "06:23", "title": "Theories about the choice of successor", "seconds": 383}, {"t": "06:41", "title": "Valuation levels and purchases", "seconds": 401}, {"t": "06:56", "title": "The division of responsibility and the trio", "seconds": 416}, {"t": "07:25", "title": "Greg Abel and the earlier candidates", "seconds": 445}, {"t": "07:53", "title": "Governance and a Churchill comparison", "seconds": 473}, {"t": "08:43", "title": "Questions at the AGM, and Jesse Viljanen", "seconds": 523}, {"t": "09:03", "title": "Jesse's reaction to the Greg Abel news and the mood at AGM 2025", "seconds": 543}, {"t": "10:05", "title": "Stock picks and news from the trip", "seconds": 605}, {"t": "11:12", "title": "Neuvottelija merch and a listener competition?", "seconds": 672}, {"t": "13:00", "title": "The government's mid-term review and a visit to Martin Paasi in Parliament", "seconds": 780}, {"t": "13:48", "title": "The Castrén & Snellman tax seminar, in line with major owners", "seconds": 828}, {"t": "14:44", "title": "Inheritance tax reform left undone; corporate tax and investment incentives", "seconds": 884}, {"t": "15:25", "title": "The 10 per cent cash cap in share exchanges is to be raised", "seconds": 925}, {"t": "16:13", "title": "ELTIF and fund structures", "seconds": 973}, {"t": "17:24", "title": "Limited partnership versus limited company versus SICAV", "seconds": 1044}, {"t": "18:21", "title": "LP investors in private equity funds and tax treaties", "seconds": 1101}, {"t": "18:48", "title": "Foundations as LP investors in future", "seconds": 1128}, {"t": "19:13", "title": "Pension reform and criticism of YEL", "seconds": 1153}, {"t": "20:09", "title": "The clean transition investment credit is being revised", "seconds": 1209}, {"t": "20:46", "title": "Inheritance tax reform falls again", "seconds": 1246}, {"t": "21:44", "title": "Gift tax and the position of minors in generational transfers", "seconds": 1304}, {"t": "22:14", "title": "Still a poor outlook for the family company model?", "seconds": 1334}, {"t": "22:42", "title": "Why Finnish ownership matters", "seconds": 1362}, {"t": "23:07", "title": "Episodes with Heikki Keskiväli and Jesse Viljanen to come", "seconds": 1387}, {"t": "23:33", "title": "Wealth gaps — an American is €370,000 richer than a Finn", "seconds": 1413}, {"t": "24:00", "title": "Heikki Keskiväli at Omaha airport before the flight home", "seconds": 1440}, {"t": "32:09", "title": "Subscribe to the Neuvottelija channel", "seconds": 1929}], "sourceTranscriptType": "finnish-machine-asr-from-video", "subtitleMethod": "none", "provenance": "Owner page assembled from YouTube metadata, the neuvottelija.fi episode record and the publisher's own chapter marks, translated one for one; their spacing is irregular and matches the recording. This is a solo episode, so the guest field carries the host. The only Finnish subtitle track is YouTube's automatic one, so no transcript is published here and no English cues were produced. The host states in the episode that the owner-friendly tax changes he welcomes are the ones he promotes professionally as an investment banker, and the long-form write-up in the Neuvottelija AI editions carries that declaration and notes that no cost estimate is given for any of them.", "coreTheses": ["The best lesson from the Buffett half is the timing of mistakes: expensive lessons are cheapest taken with small money, early.", "A listed shell that looked like a mistake in itself is what made the later large acquisitions possible.", "The mid-term review delivered a set of owner-friendly tax changes — the share exchange cash cap, foundations as fund investors, the LP tax treaty easing — that got very little coverage.", "The inheritance and gift tax reform along Swedish and Norwegian lines was not done; what changed was cosmetic by comparison."], "slug": "ep329-warren-buffett-verot-sami-miettinen", "guestsCanonical": [], "guestPages": [], "page": "https://www.neuvottelija.com/podcast/episodes/ep329-warren-buffett-verot-sami-miettinen/", "markdown": "https://www.neuvottelija.com/podcast/episodes/ep329-warren-buffett-verot-sami-miettinen/index.md", "captions": null, "transcript": null, "videoId": "3n4IlndcIdQ", "dbId": null, "qaCoveragePct": 0.0, "qaSemanticVerdict": "metadata_only", "aiArticleEn": "https://www.neuvottelija.com/ai/ep329-warren-buffett-verot-sami-miettinen/", "aiArticleFi": "https://www.neuvottelija.fi/economy/ep329-warren-buffett-verot-sami-miettinen/"}