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Market Intelligence

2011 Berkshire Hathaway Annual Meeting

Seaver Wang | April 26, 2011

For those who don’t know who Warren Buffet is, he’s the CEO of Berkshire Hathaway (BRK.A), and one of the richest men in the world. Through Berkshire Hathaway, Buffet has built an enormous conglomerate which consist of well known companies such as GEICO, Netjets, See’s Candies, Fruit of The Loom, among several others. In addition, BRK owns large percentages of other publicly traded companies, such as Coca-Cola and American Express.

When I was 19 years old, a classmate’s father gave me a copy of “The Intelligent Investor”, written by Benjamin Graham, the father of “value” investing. Graham was Buffet’s mentor and coincidentally, when he was 19 years of age, Buffet also read the “Intelligent Investor” for the first time. Since then, I have been a fan of “value” investing and have tried to learn as much about Graham and Buffet, among other successful investors.

Why am I going to the Berkshire Hathaway annual meeting?

The annual meeting is held at the Quest Center in Omaha, Nebraska every year. I’ve been to Omaha twice before but never to the annual meeting. My past two experiences in Omaha were fantastic, and there is something about mid-west people that I like. What prompted me to go to this year’s meeting is Buffet’s age. The guy drinks Cherry Cokes every day and his favorite food is steak. Although he seems to be in good health, he is now 80 years old and there has been much talk about succession plans. Furthermore, his long-time business partner, Charlie Munger is 87 years old and I do not know how many more opportunities there will be for me to listen to both Buffet and Munger speak.

I’ll be blogging about my experiences at the meeting which starts April 30th

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