We recently returned from our annual trip to the Berkshire Hathaway annual meeting in Omaha, Nebraska, with the same renewed enthusiasm and conviction in investing in quality and value for the long-term that we always have after the event. Berkshire is currently trading at all-time highs and generates more cash to reinvest than ever before (over $100 billion at last count). Warren Buffett and Charlie Munger were in great form as they withstood six hours of questioning by investors, analysts and financial journalists. While there, we also had the opportunity to present the investment case for one of our own holdings, Essilor, at a value investment conference, reminding everyone of the need to protect their eyes from UV radiation and blue light.