It is officially Berkshire Hathaway season here in Omaha!
Berkshire Hathaway shareholders weekend is approaching, and the excitement really kicks off when Warren Buffett outlines the weekend in his annual letter to shareholders. (It was just released an hour ago – You can read the letter here.)
Here is what you need to know for the 2017 Berkshire Hathaway Shareholders weekend:
It is May 5, 6, and 7 in Omaha.
Yahoo Finance will live-stream the meeting again for those who cannot travel to Omaha. (Warren Buffett says 1.1 million viewers watched it live last year, with another 11.5 million replays. Most people thanked him, saying they were too old, too thrifty, or their religion kept them from attending in person).
Shopping at the CenturyLink Center on Friday and Saturday was HUGE, and it will again be open on Friday from noon to 5pm and Saturday from 6am to 5pm. I know our team at Borsheims has ordered extra items this year!
Nebraska Furniture Mart will offer discounts in its Kansas City and Dallas area stores for the first time this year to Berkshire Hathaway shareholders. Shareholders will still need to show proof of ownership to get the discount.
We love this special shout-out from Mr. Buffett’s daughter regarding Borsheims:
At Borsheims, we will again have two shareholder-only events. The first will be a cocktail reception from 6 p.m. to 9 p.m. on Friday, May 5th. The second, the main gala, will be held on Sunday, May 7th, from 9 a.m. to 4 p.m. On Saturday, we will remain open until 6 p.m. Remember, the more you buy, the more you save (or so my daughter tells me when we visit the store)
But here are a few of my favorite Buffett-isms from this year’s missive. They’re all direct quotes from the letter:
Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we rush outdoors carrying washtubs, not teaspoons. And that we will do.
I’ll repeat what I’ve both said in the past and expect to say in future years: Babies born in America today are the luckiest crop in history.
My suggestion: Before even discussing repurchases, a CEO and his or her Board should stand, join hands and in unison declare, “What is smart at one price is stupid at another.”
If there were ever to be another Ajit and you could swap me for him, don’t hesitate. Make the trade!
As Charlie says, it’s great to have a manager with a 160 IQ – unless he thinks it’s 180.
We like to make hay while the sun sets, knowing that it will surely rise again.
When it comes to wind energy, Iowa is the Saudi Arabia of America.
In a couple of instances, I stumbled in assessing either the fidelity or ability of incumbent managers or ones I later put in place. I will commit more errors; you can count on that. Fortunately, Charlie – never bashful – is around to say “no” to my worst ideas.
Be aware, though, that it’s the growth of the Berkshire forest that counts. It would be foolish to focus over-intently on any single tree.
It is true that we own some stocks that I have no intention of selling for as far as the eye can see (and we’re talking 20/20 vision).
What is easy with millions, struggles with billions (sob!)
Clear your calendar. Block off your Saturday. Get your reading glasses cleaned and at-the-ready.
Saturday morning, our esteemed Chairman Warren Buffett is expected to release his annual letter to shareholders. It’s full of details on how Berkshire Hathaway is performing, a general outlook on the world, funny anecdotes and one-liners, and information about this year’s Berkshire Hathaway shareholders weekend.
Warren Buffett helped a couple get engaged at Borsheims during Berkshire Hathaway shareholders weekend. Borsheims is proud to share in the special moments in our customers’ lives – and feels even more privileged when Chairman and CEO Warren Buffett can make those moments extra special!
Michael Dentlinger, who works for a Berkshire Hathaway company in Omaha, wrote to Mr. Buffett asking for his help in proposing to his girlfriend, Rachel Gogan. Mr. Buffett agreed and, a few weeks after Mr. Dentlinger purchased the engagement ring from Borsheims, Mr. Buffett pulled the ring out of his pocket and Mr. Dentlinger dropped to his knee and proposed.
The engagement happened at the tail end of Berkshire Hathaway shareholders weekend in Omaha. Thousands of shareholders visited Borsheims throughout the weekend, buying jewelry, watches, and gifts. They also watched as Mr. Buffett and Bill Gates played table tennis against Olympian Ariel Hsing and played bridge with bridge experts Bob Hamann and Sharon Osberg.
Borsheims is privileged to share in the special moments in our customers’ lives. We believe in treating this opportunity with the respect and importance it deserves. If you have any questions about Borsheims or the events at Borsheims during shareholder weekend, please contact:
We mentioned that the theme for this year’s Berkshire Hathaway shareholders meeting is “Berkshire By the Numbers.”
Walking around the exhibitors hall was a fascinating look into the Berkshire Hathaway businesses.
If you weren’t able to attend the meeting this year, check out these photos in the slideshow. You’ll learn a lot about Berkshire Hathaway – how big it is, the diversity of the business, and lots of fun facts.
Sunday is such a fun day at Borsheims. It’s really my favorite day of Berkshire shareholders weekend. It’s a little more relaxed than the rest, and we have all these fun games happening in Regency Court – right outside of Borsheims.
Back by popular demand… my helpful hints to playing the games today:
BRIDGE Bridge is again upstairs this year on the second floor of Regency Court. Anyone is welcome to play as long as they know how to play bridge. It helps if you already have your foursome put together, but if you’re solo come upstairs and sign up and we’ll try to get a group together for you. Bridge usually begins at 1pm, but a few people have been known to start playing earlier. We will have the sign-up sheet ready at noon and if you definitely want a seat, that’s when you should arrive. The experts, Sharon Osberg and Bob Hamann usually arrive between noon and 1pm. In his letter to shareholders, Warren Buffett says he will play them and hopes to “have Ajit and Charlie there also.”
Olympian Ariel Hsing plays Warren Buffett and Bill Gates in Table Tennis at the 2012 Shareholders Meeting
TABLE TENNISMr. Buffett asked Ariel Hsing, Olympic Table Tennis star, back to Borsheims for another shareholders weekend! We are expecting her to start playing around 1pm. Shareholders can form a queue to try their table tennis skills against the young champ. We will provide paddles and balls, but if you are partial to your own paddle, you are welcome to bring it. Ms. Hsing usually stays for a few hours and rarely gets beat, but you’re welcome to try! We expect Mr. Buffett and Bill Gates to lead off the play with her.
MAGICIAN Norman Beck is an excellent magician and will do tricks in front of (and to) any shareholder near where he’s performing. He is usually located near Williams Sonoma, so be camped out there if you’re hoping to catch his show.