Just got back into town from my annual pilgrimage to Omaha to listen to Warren during the Berkshire Hathaway Shareholder meeting. And once again, I come away impressed. The depth of financial and historical knowledge of Warren Buffet and Charlie Munger is staggering. Never ceases to amaze me the financial statistics and other numbers that Warren is able to recall so easily. This year, it was my sister and 2 friends that made the trip with me – and a 5 AM wakeup call got to our favorite spot outside the Qwest center to await the mad dash to our favorite seats the last 5 years running.
Once our seats were secured, a quick trip to the exhibit hall to check out the vendors before the meeting starts (Geico Lizard is there again posing for photos, Fruit of the Loom guys singing songs, Coke Cola bear hugging people, Dairy Queen selling Dilly bars for a buck, and the awesome See’s candy display where everyone walks away with at least a box of their world famous peanut brittle (and I grabbed some of their truffles as well) – when my path crosses Warren Buffet & former Nebraska Cornhusker (now Detroit Lions DE) Ndamukong Suh….and only about 20 cameramen/journalists surrounding him – but that was cool.
Then @ 8:30 the Shareholder movie started – this year the highlight was a special episode of The Office which was great – it involved Michael Scott (Steve Carrell) introducing Warren as the new Dunder Mifflin manager, still loved when Charlie told Dwight Shrutte (“I know 18 ways to kill you right now”) or when Meredith told Warren that they should take the “d” out of Mutual Fund and have some “mutual fun”….this years video was one of the best since the Desperate Housewives video they shot 4 years ago – the fact that they got the whole “The Office” staff to shoot this special video was awesome.
Then it was time for the Q&A to begin which lasts for about 6 1/2 hours from 9 AM to 3:30 PM with an hour for lunch but otherwise answering questions from shareholders and journalists non-stop.
Adding to the weekend, if you were watching Fox News Saturday afternoon you may have seen me and my friend as we were walking around the Hilton and I was pointing out to my friend that Andrew Sorkin, the New York Times journalist, author, and frequent CNBC guest was sitting in the lobby a few feet away from us. We saw that an interview was in progress on a couch a few feet away but didn’t see the TV cameras. It wasn’t until we got to the other side of the room and saw that it was a live TV feed interview with Warren Buffet’s stockbroker Jon Freund that we had been standing in the background just a foot away behind the reporter – it was an interesting weekend – going to try to find that news clip tonight to see how tourist-y we must have looked gawking at Sorkin and the gang.
Anyway, I will add in a later post all of the things I learned this year – but right now – time for some sleep, just not built for 5 AM wake up calls anymore but this years trip – once again – well worth it and lots of stuff learned (and re-learned)