Tag Archives: Berkshire Hathaway

The Woodstock of Capitalist: Berkshire Hathaway AGM

The few interesting things that happened to me, between my 8th April post and last paper on 9th May.

 

Part 3, and also the last :

For the uninformed, the Woodstock festival exemplified the counterculture of the late 1960s – early 1970s and the “hippie era.” Many famous musicians of the day appeared during the period. It is widely regarded as one of the greatest moments in popular music history according to wikipedia and my dad.

So, for an event to be considered to be the Woodstock of capitalism, it has got to be pretty defining right?

 

I am very interested in Warren Buffett, and have been reading up on his books about his investing philosphy  (keenly anticipating his bio on the 29th September). I am very inspired about how he improvised Benjamin Graham and came up with his success investing style, his thoughts on being frugal(relatively) and his laconic humor( go read his annual reports). So I had to know whats going on in Omaha that weekend and it was especially helpful that I suscribed to The Motley Fool.  

 

The event was from 3rd to 5th May at the qwest center in Nebraska. Hotel rooms and flights were packed by the sheer volume of Berkshire( or Buffettologists). There was a  Q&A session between shareholder and Buffett and Munger that day and question raised were related to their Bershire Hathaway subsidiaries. Some touched on environmental issues, others on the current recession and Buffett’s investment decision, and the replies were pretty funny most of the times. The entertaining videos on CNBC is pretty cool and helped supplement the experience of the event. I will want to own Bershire Hathaway shares sometime in the future, beginning with the b-shares for the AGM tickets and it’s fantastic compounding value.  

 

Something I thought was very interesting was that the many millionaire in town were borned by owning Berkshire Hathaway shares in the early days, he has helped these people attain financial freedon and will be donating a large sum of his fortune to charity posthumously. What a great guy!