Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss their takeaways from Berkshire Hathaway's (BRK) annual meeting. Then, they discuss an investment in Seritage (SRG) Warren Buffett made in his PA that shows he's still got it. They wrap up by providing updates on two deal previously mentioned: the failed Baker Hughes (BHI) / Halliburton (HAL) merger and the Apollo (APOL) buyout.