Wednesday, May 6, 2015

Berkshire Hathaway 2015 Annual Meeting Notes

Best of 2015 Berkshire Shareholder Meeting (YouTube / WSJ Video)
Highlights of the 2015 Berkshire Hathaway shareholder meeting in Omaha, Nebraska. The devoted came out in full force to celebrate Warren Buffett’s 50th year running the company, meet other investors and shop.

Warren Buffett’s Berkshire Hathaway Meeting Notes (New York Times)

The New York Times' extensive notes on the event, in a live-blog format.

Much of the questioning this year was standard, with a primary topic being how Berkshire would fare once Mr. Buffett and Mr. Munger departed. Those inquiries ranged from how Berkshire would maintain its culture to what sort of qualities the company’s next chief executive and next chief investment officer (or officers) would need.

Sharp questions about various news topics arose, from Clayton Homes to 3G Capital.

Mr. Buffett also addressed smaller-scale topics like the reinsurance business, one of Berkshire’s powerhouse divisions that has become a trendy investment but that the billionaire says he believes will decline in coming years.

Recap: The 2015 Berkshire Hathaway Annual Meeting (WSJ Moneybeat)

The Wall Street Journal's notes and live blog of the meeting.

Mr. Buffett played host to roughly 40,000 people at the company’s annual meeting Saturday, an event that swells the population of Mr. Buffett’s hometown by nearly 10% each year. Over the hours and hours of question-and-answer that are the hallmark of the meeting, Mr. Buffett and his vice chairman, Charlie Munger, fielded questions about investing and markets, Berkshire’s relationship with 3G Capital and its investments in International Business Machines Corp. and Coca-Cola Co.

MoneyBeat live-blogged the all-day event from Mr. Buffett’s first sip of cherry Coke to his last bite of See’s candy.

5 Critical Takeaways From Berkshire Hathaway's 50th Anniversary Meeting (Fool)

In its 50th year, Berkshire is still a success story that defies traditional classification, both for the scale of shareholder wealth accrual and its seemingly impossible string of consecutive wins. From its relatively humble roots as an investment partnership -- itself an incredibly difficult business -- to its radical several-decade transformation into an investment, insurance, and industrial conglomerate, Berkshire has continuously defied classification. Where many businesses hardly withstand the test of a decade or two, Berkshire has dominated across a decades-long horizon. [...]

Berkshire Hathaway Shareholder Shopping Frenzy (WOWT Video)

A sea of shareholders eagerly waited outside Omaha's CenturyLink Center today for a chance to spend some of their Berkshire Hathaway profits during the first day of an exclusive shopping experience.

Once inside, they took advantage of special shareholder deals on everything from running shoes to candy, all trucked in and sold by Warren Buffet's famous roster of profitable businesses.

Wells Fargo’s Stagecoach Rolls Into Omaha for Berkshire Meeting (WSJ Moneybeat)

Wells Fargo & Co. rarely misses a chance to wheel out one of its iconic stagecoaches. Little surprise, then, that the bank will be rolling two into Omaha, Neb., this weekend for one of the biggest finance events of the year.

Before the doors to the CenturyLink auditorium open at 7 a.m. on May 2 for Berkshire Hathaway’s annual meeting, shareholders of Warren Buffett’s company waiting in line will get to see two longhorn steers and the Wells Fargo stagecoach marching down Omaha’s 10th street to mark 50 years of Berkshire under Mr. Buffett.

NetJets pilots union takes case to Berkshire Hathaway shareholders (Financial News)

More than 400 pilots and family members took the fight to preserve their livelihoods and security to the 2015 Berkshire Hathaway Shareholders Meeting by staging an informational picket on Saturday. [...]

The pilots, whose professional interests are represented by the NetJets Association of Shared Aircraft Pilots (NJASAP), were joined by NetJets flight attendants and Flight Options pilots represented by the International Brotherhood of Teamsters.

City removes sign apparently criticizing Berkshire (Omaha World Herald)

City officials are uncertain who installed a sign reading “BRK profits from pollution” on the pedestrian overpass between Elmwood Park and Memorial Park in Omaha on Wednesday. [...]

A city crew removed the sign because it was not authorized, said Mike Gaughen, who handles such permits for the public works department.

He said the city doesn’t allow advertising or messages about controversial issues on public property such as the overpass, “certainly not criticizing a major corporation like that.”

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