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Home / Business / Live Updates: Warren Buffett, Charlie Munger, Berkshire Hathaway Shareholder Question Answer | Warren Buffett

Live Updates: Warren Buffett, Charlie Munger, Berkshire Hathaway Shareholder Question Answer | Warren Buffett



The annual Berkshire Hathaway shareholder weekend continues Saturday with a number of events.

The line began to form early in the morning, and the action started at 7 am when the doors of the CHI Health Center opened, allowing shareholders to start visiting sales stalls in the exhibition hall.

Among the other events scheduled for the day are annual film and formal business meeting, before the day breaks with Nebraska Furniture Mart picnics from 5:30 am to 8:00 am on 700 p. 72. St.

Live updates

Berkshire visitors range from rookies to decades-long attendees.

Among those who were busy two activities today, were investment-oriented people like Irv Black of Philadelphia, who arrived alone around noon. 03.50, but quickly became friends with Chris Tesari in Los Angeles.

Both men came to Omaha with their wives, who chose not to make early morning trips to the CHI Health Center.

Black, who called himself a rookie to the game, said his wife and son were with him later in the arena where Buffett and Munger questioned for more than five hours.

For Tesari, a long-standing shareholder, it was his 23 years at the annual meeting.

"It used to be much easier," he said, talking about navigating a stock exchange meeting in Berkshire. "Every year it seems to be getting bigger and bigger."

shareholders line up early for good seats

Bijan Dastmalchian is a Berkshire Hathaway die-hard.

The 24-year-old from Scottsdale, Arizona, flew into Omaha Friday night at 1

1:30, grabbed food and made a beeline to the CHI Health Center Arena.

His engagement paid off: at 12:30 pm he snagged the coveted spot on the front of the line to get into the annual shareholder meeting.

"I'll get a front seat on the floor to get the best view of Bill Gates, the directors Charlie and Warren," he said. "There will be a crazy rush for the floor space."

Early Saturday morning, Dastmalchian garbage on coffee and parked himself in a camping chair another group on line had lent him.

He has no time for shopping events – his priority is the legendary Q&A and the "nuggets of wisdom" that Munger and Buffett can give a young investor like him.

End of the line worries

Just before the gates opened at 7 am, the questions continued to come.

Would everyone be allowed to the big Berkshire show?

"It is difficult to say to these many people that you are going to enter the arena," warned an event person in the end

Michigan residents Harry, 71, Cheryl, 70, and Lauren Rosinski, 39, wondered crowd.

"This is just amazing that all these people come out here to see him (Buffett)," said Harry Rosinski. "It's almost like a cult."

The family counted on a hail Mary: a friend had arrived at 5am and they hoped with their better line position, he would be able to reserve a few seats for them inside for Q & A.

"This is really an experience," Cheryl Rosinski said. to a meeting. It's an event. "

From London to the Good Places

Dan Carter, 24, and Ben John, 26, didn't quite come from London to get bad seats on the biggest Berkshire day.

" I just want to see them two of them (Buffett and Munger) in the flesh, "Carter said.

So the two led out at 2am on Saturday and prepared to wait in line for hours.

" We "It's pretty easy in Britain, so it's quite easy to wake up, "Carter said.

Carter wrapped himself in a sleeping bag and John sat in a chair, his newly acquired Berkshire Hathaway hat on his head.

It's the first meeting for both.

They traded Friday, set up on See's Candies.

And they made the pilgrimage to Warren Buffet's house – where Carter saw a security guard staring at him through the trees.

Not only in line

By 5 am Saturday, lines at four different entrances began to stretch over the front of the CHI Health Cente r arena.

Berkshire early birds squeezed cups of coffee. They brought carpets and sleeping bags and stared at bleary-eyed laptops.

Someone took with them chairs and snacks, others had comfortable shoes and stood with their shareholdings hanging from their necks.

Shareholders who arrived after 6 pm found themselves wrapping around the back of the center arena.

The growing line of grassland caused wide eyes, worry and at least a little good-natured grumbling.

"This is the worst I have ever seen it," a man told his companion. "I think this runs out to tell you the truth."

University student in Chicago, Liz Furman, 28, called the event "Coachella for Nerds". She was with a group of 30 from the university's business school.

"The line is very long," she said. "I hope to come in."

& # 39; My family thinks I'm crazy & # 39;

Zheng Li, a 32-year-old lawyer from China, felt he was on Cloud Nine on Saturday.

He arrived at the CHI Center at 3am to get in line to see and hear financial guru Warren Buffett. Li came alone, but made other friends while standing in line. He has been to Omaha twice now for shareholder meetings, and said Omaha is the only US city he has ever visited outside the airports. He was so excited.

He has actually been too busy sleeping a lot.

"I've never seen heaven, but I can imagine heaven just like Omaha," he said. "Warren Buffett, he's just like a God. I'm very happy to be at the same time and place as God."

After the business meeting, he plans to follow Warren Buffett's footsteps, go to the same shopping places he stores and the same steakhouse where he eats.

"My family thinks I'm crazy," he said. "I couldn't be in a better place."

Back to Day 2

Berkshire devotees come from Europe, Asia, Africa.

But Jan Toussaint had a faster trip – the 70-year-old pensioner used to work in a Kellogg warehouse just skipped from Bellevue and came around 6.00 am

Toussaint has come to the annual meeting since 2004 or so.

"I'll enjoy Warren and Charlie, and of course my friends and I came down and loaded up shopping yesterday," she said.

She bought Berkshire memorabilia and got Se's Candies workers help "I know what I want," she said. "We see what's left today."

Friday scene

The first day at the General Assembly, the sellers were amazed. on the large volume of people who got a start at the shopping adventure.

They talked up peanut skirts on See's Candies, Brooks running shoe, garden gloves and ribbons, T-shirts and rubber pants that prominently present the faces of fairy-tale headliners, Buffett and Munger.

When the day of action began at noon at the CHI Health Center, the two briefly sat in a golf cart in the lobby, and attracted a horde of fans and journalists armed with cameras and microphones.

Before the audience flooded , the pair toured booths o F vendors representing companies owned by

After the shopping cart disappeared into an elevator, shopping hours experienced.

You can see some of the sights and scenes of the exhibition hall, as well as live Twitter updates from the World Herald staff, below:

Apple CEO Tim Co ok visits the Village Pointe Apple Store

Apparently in town for the shareholder meeting Apple CEO Tim Cook made Friday at the Apple Store at Village Pointe.

Cook stopped by the store for about 20 minutes and spent time meeting employees, taking pictures and shaking hands with customers, according to a store manager, who asked not to be identified.

"It was safe (cool)," said the leader. "We were all kind of surprised."

Joe Mixan was in the store and picked up a refurbished keyboard. He happened to talk to a woman near Cook's appearance on an ABC News, especially about how much time people spend on the screen.

"The next thing I know, I look over my shoulder and I say," It's Tim Cook! "Mixan, 53, said.

Mixan, a retired firefighter who worked at the Village Pointe Apple Store until 2010, had his Sony A6000 camera with him, so he started taking pictures of Cook's meeting and greeting. He even got a shot of the store's employees with the CEO.

"It was a cool moment for sure," said Mixan.



  Tim Cook

Apple CEO Tim Cook constitutes a group photo of Village Pointe Apple Store employees on Friday



Buffett crashes a woman's investor conference

Warren Buffett unexpectedly exhibited at the Variant Perspectives Conference scheduled for Friday in Omaha to coincide with Berkshire Hathaway's annual meeting.

Buffett said a conference who supported female investors was a long time since he did not believe that women invest differently than men.

"Track records will open doors," he said.

Fruit of the Loom favorites include T-shirts, ribbons

On Fruit of the loom store was buyers not only buying underwear and socks – pocket trousers, a "woodstock for capitalist" T-shirt and $ 65 Berkshire Hathaway branded silk ribbons were major merchants for the brand.

Spreadsheets on a bulletin board in the storage area are tracked which items were already sold out by the end of the day Friday. The dealer entered into six tractor trailers – lots of shares only for the general meeting. And when it is gone, it's gone – the brand won't fill up inventory that sold Friday.

"The volume today has just been huge," said John Shivel, Vice President of Corporate Events and Communications.

He did not have final sales figures, but Shivel estimated that it could be one of the busiest Berkshire days ever for the brand. Anecdotally, it seemed that several people arrived in Omaha on Thursday or earlier in the week to take advantage of early shopping on Friday, he said.

Fifty employees called and ran shoppers around the store. Even as shopping was hurt near the 5 pm end time, there was still a steady line of shoppers who recorded themselves to grab bullfights and Spalding basketballs.

Exhibitors include water system and more

But a representative of the company doing water filtration and water softening facilities said they still had a steady stream of shoppers all day on their booth.

It included new customers, as well as existing ones who already had EcoWater systems and wanted to learn more about the company's latest offerings, said e-commerce manager Kiley Bastian.

"We are fully staffed and ready to take on all and answer all their water issues," she said.

There are other showcases at the meeting that do not necessarily sell goods, including Benjamin Moore paint, FlightSafety International, an aviation training company that contained mixed reality simulations for the participants to try out, the BNSF Railway and Lubrizol Corporation, a chemical company.

Shareholders traveling from all over the world

By fist, Marnix Troudes in the Netherlands seemed to be chilling with a book that thousands of Berkshire Hathaway fans roamed around on Friday at the CHI exhibition hall. [19659003] Turns out he reads more about Buffett and Munger in a book he had just bought at Berkyville.

Soon international friends from an investment group went with him, gushing about the shoes and other news they just bought or so at their first Berkshire annual meeting ever.

Troudes, 27, said he recently became a shareholder, but had learned from Buffett and Munger for years on the Internet and by staying ok. This year, he organized a trip to Omaha and met up with dozens of investors he met through a podcast.

"Honestly, because Charlie is 95, I want to see him before he goes, and Warren too" Troudes said.

Friend Remo Uherek from Switzerland said, "The time was right. I want to see them both alive together."

And it had to be personal, in Omaha.

"The full experience," said Uherek. "It's like a community. It feels like a family, all wisdom seekers." Cipta Purnama from Indonesia said his motivation was a simple one. He reads "Snowball: Warren Buffett and Business of Life", an Alice Schroeder book, and can relate to the stages of Buffett's life.

"I want to see God I have never seen."

Suppliers say lines are longer this year

A few Berkshire Hathaway companies, including See's Candies and Oriental Trading, said Friday shopping on their booths seemed busier this year compared to last.

"It's always busy," said Michelle Johnson of Oriental Trading. "But our lines have definitely been longer this year."

Among hot items sold Friday, she said, was $ 5 Warren and Charlie superhero rubber duckies, $ 5 desk calendar for Buffett and Charlie wise quotes, and T-shirts emblazoned with Warren's face.

In Sees, Jensen DeWees, marketing director, the sales quickly said the seller who transported in chilled rigs 20,000 pounds of sweets to the Omaha event.

DeWees said buyers Friday seemed to exceed last year's bill on the first day.

Peanut skirts, as Warren and Charlie eat while asking questions from shareholders on Saturday, are always a great seller, she said.

Shoppers find favorites, from candy to gloves

Lines of shoppers piled up in the box for See's Candies.

The patisserie screen was one of the biggest features on Friday when shareholders grabbed walnut rolls and toffee cartons.

The spoiled chef was another hotspot that shopper's checked out culinary items – ranging from a $ 5 pairing knife set to a $ 140 stainless steel skillet.

"We need a garlic press," a shopper reminded his partner.

At the Nebraska Furniture Mart area, shoppers tested Tempur-pedic mattresses – don't let your Dilly bar drip on one of them – and a $ 1,700 Traeger grill. Others tried on Bose headphones.

Another hot goods: Wells Lamont work and garden gloves.

New investors are hoping to suck up wisdom

Amy Chow, 28, and Sam Yong, 34, have just started their investment journey.

At their first shareholder meeting, Alberta, Canada, residents released on a white 1934 Harley Davidson motorcycle once used to deliver See's Candies in Los Angeles.

The two hope to suck up a small investment advice from Omaha Oracle. Chow also wanted to engage in financial conversations elsewhere in the city.

"We want to build our strategy," Chow said.

"For the post I'm here for the vanilla-orange bar," Yong joked as he mumbled on the Dairy Queen treatment.

"It's very cool," says first timers from China

Tony Liu from China took up a friend's son studying in the United States and brought his group in time to shop on Friday at their first Berkshire Hathaway shareholder event.

Finally they came from a packed pop-up store in Fruit of the Loom, their arms filled with bags.

"Lots of underwear – with Warren Buffett on them, Sa Liu.

He and his group of 10 were eager to watch the screen before they had just heard from friends. With Buffett and Munger up there age said Liu they did not want to wait any longer.

"It is very cool," said Liu, and read the exhibition hall. Of what he has seen so far in Omaha, he said, "Incredible."

Sa Reese Yellow, the student: "I have known about this event for many years. It's a great opportunity to be here. "

Then they were out, against the Brooks mannequins who ran in thin air high above the crowd.

How many years of Warren and Charlie?

Shareholder Will Will Moore, 72, wasted no time on Friday afternoon with an Oreo Dairy Queen Blizzard.

Moore and his wife, Jan, flew in from Alberta, Canada, on Thursday. Moore has previously participated in a shareholder meeting in 2008.

"I came for a chance to see Charlie and Warren," Moore said. "How many years will they be with us?"

He does not expect this meeting to deviate much from the 2008 experience.

"I don't expect anything new, just to hear it yet again," he said.

Moore has been a shareholder in Berkshire for more than 25 years.

"I thought I could invest in the American market or let Warren do it for me," he said. "It was a simple decision."

And the couple will indulge in some shopping, even with a not so big Canada-US exchange rate.

Eleven years ago, Moore bought a Panasonic razor from Nebraska Furniture Mart, and the battery is finally fading.

First thing first

While retired Omaha educator Karen Clark waited in line to enter the exhibition hall Friday, she realized her shopping camp.

Garden gloves, The Bookworm. But first thing first: a DQ Blizzard.

She and friend Phyllis Sorensen always start their Berkyville adventure with a treat, and 2019 was no different.

"We continued to say how cold we were and we came in and went straight to the ice, said Sorensen.

Like many, the two Berkshire Hathaway shareholders say they are interested in Berkshire discounted memorabilia and probably Will skip the business meeting Saturday, maybe see it online.

Clark, a former Buffett Teacher Prize winner who retired from Omaha South High, said she's a Buffett fan to be sure, but she already ate with Buffett in 2001 as part of the outstanding teacher event, she brought her friend Phyllis, a former Union Pacific employee, with her as well.

"I haven't washed this hand since," said Sorensen.

Get a pet [19659006] Berkshire Hathaway shareholders can capture books, cowboy boots … and a new best friend?

Shareholders visiting exhibitions Friday were met by Paisley, Jack and Tonka, three dogs for adoption at the Nebraska Humane Society. 19659003] Dogs and NHS volunteers h ang out

Volunteer Dan Martin said they have brought dogs in recent years, and a few shareholders have gone to the NHS to adopt a new pet.

"No one ran," Martin told Tonka, a lab mix, as she jumped up for a pet from a woman in a black chain dress.