OMAHA, Neb. -- With an audience of over 12,000 shareholders hanging on his every word, the Oracle of Omaha held court today at the Berkshire Hathaway ( BRK.A) annual meeting in this Midwestern city.Along with Berkshire Vice Chairman Charlie Munger, Warren Buffett accepted accolades and fielded shareholder questions from those who traveled from as far away as India and Austria. The crowd, the largest in at least four years, roamed the Omaha Civic Auditorium not only hoping to get a glimpse, handshake and even a picture with Buffett, but also for the opportunity to purchase a plethora of Berkshire goods, from Justin Boots and Kirby vacuums to See's Candy and World Book Encyclopedia, not to mention a host of insurance products. The questions -- during the nearly six-hour Q&A session -- ranged from queries about Berkshire operating businesses and Buffett's outlook to more general inquiries regarding the duo's view on derivatives and how investors should define success. And, of course, there were plenty of Munger -- and Buffett -- one-liners to keep the crowd laughing.