For the past ten years, Ben Bridge has been a proud member of the Berkshire Hathaway family of companies. Every year a number of us from the company join the thousands of pilgrims who make the trek to Omaha, Nebraska for the annual meeting that has been called “Woodstock for Capitalists”. This year is no exception.
Marc will be blogging from Omaha this weekend, and if he is really nice to her, our favorite travel blogger Lisa might contribute a word or two!
Last year more than 35,000 shareholders filled Omaha’s Qwest Center (and a number of nearby overflow rooms) to listen to 6 hours of questions and answers with Berkshire Chairman Warren Buffett and Vice Chairman Charlie Munger. With the purchase of Burlington Northern Santa Fe Railroad, the stock split, and the company’s addition to the S&P 500 Index, thousands of new shareholders will be flocking to the Cornhusker State to learn from the masters.
“The Warren and Charlie Show”, as it is affectionately known, regularly covers topics as far reaching as the relative performance of the US economy, the impact of derivatives and government regulation, the rise of China, what small children should do with their lives, and every once in a while touches on the performance of Berkshire businesses in between bites of See’s Peanut Brittle and Cherry Coke. (Berkshire owns See’s Candy and is the largest shareholder in Coca-Cola).
In addition to the meeting itself, the weekend has sprawled into a celebration of business, investing, old-fashioned American values, and Omaha steaks. It is as much a carnival as a business meeting and the perfect embodiment of the Chairman’s worldview.
It is always an enjoyable, educational, and fun weekend. I hope you will check back periodically for updates from BRKfest 2010!