Posts Tagged ‘letter to shareholders’

What to Expect at the 2017 BRK Shareholders Weekend

Saturday, February 25th, 2017

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!
  • The official schedule of events is found here, but Mr. Buffett’s letter details a few more offerings, like the newspaper toss and what specific books you should purchase at the Bookworm’s booth.
  • 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)
We can’t wait for everyone to come see us, and we totally agree that the more you buy at Borsheims, the more you save! You can start your saving now by shopping online. We even have some of our 2017 Berkshire Hathaway gear ready to sell, including a whiskey set, a Montblanc pen with Warren’s signature, and dozens of other Berkshire Hathaway items.

Our Favorite Lines from Warren Buffett’s Annual Letter

Saturday, February 25th, 2017

Warren Buffett’s annual must-read letter to shareholders was released this weekend.

I consider it a mini-course in investing, with a strong side of humor – mentioning topics like colonoscopies, the Old Testament, and stockyards.

You can read it here.

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!)

Warren Buffett’s Annual Letter Coming Saturday

Thursday, February 23rd, 2017

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.

In advance of the letter, Berkshire Hathaway already released a little news about the weekend, and it’s big news for our friends in Kansas City and Dallas.

For the first time, Nebraska Furniture Mart will offer the Berkshire Hathaway discounts at ALL their locations – not just the Omaha store.

The meeting will also be live streamed once again, allowing shareholders and non shareholders around the world to get a taste of the meeting.

But we all know that there is no substitute for being in Omaha and experiencing Berkshire Hathaway shareholders weekend firsthand. So book that trip and get ready. May 6th is approaching quickly.

“The Letter” from Warren Buffett is Here!

Saturday, February 27th, 2016

The letter is out! The letter is out!

Read the 2015 Berkshire Hathaway shareholder letter (released in 2016 – it covers the prior year) here.

We’ll be back in a bit with a recap of what changes the letter spells out for our shareholders weekend.

Happy reading!

Warren Buffett’s Letter to Shareholders Coming Saturday

Wednesday, February 24th, 2016

For devoted followers of Warren Buffett and Berkshire Hathaway, this is no surprise. Warren Buffett’s annual letter to shareholders will be released this Saturday on the Berkshire Hathaway website. (It’s released every year on the last Saturday before March.)

It’s always a fascinating read – full of quips and quotes and wisdom that comes from years of being an incredibly successful investor.

And while that stuff is interesting, we scan it super fast to look for the details about Berkshire Hathaway shareholders weekend. There are often surprises about the weekend’s events found in the letter – even for our crew at Borsheims, which hosts two of the big events during the weekend.

So while you’ll be able to find plenty of analysis of the business aspect of the letter immediately after its release, look to BorsheimsBRK for a quick synopsis of what Warren says we can expect for Berkshire Hathaway shareholders weekend. We’ll be here bright and early Saturday morning eagerly hitting refresh until we see the letter in all it’s glory!

Buffett’s Letter: The Non-Annual Meeting Stuff

Saturday, February 28th, 2015

We know our limitations here at BorsheimsBRK. We are the experts on the annual shareholders weekend.

We defer to the following links to get you started on analyzing the rest of the letter:

CNBC: Berkshire’s Net Worth Increased by $18.3 billion

Forbes: Buffett Chronicles 50 Years at Berkshire Hathaway

Wall Street Journal’s Live Blog on Buffett’s Letter

And my personal favorite:

Fortune: Warren Buffett’s Best Zingers from 2015 Letter

The Golden Anniversary Letter(s) to Shareholders!

Saturday, February 28th, 2015

A quick scan of the Berkshire Hathaway annual letter to shareholders showed it is full of the same wonderful wit and wisdom of every year… times three!

In addition to the earnings report, Warren Buffett and Charlie Munger each wrote a letter talking about the past 50 years of Berkshire and what they expect for the next 50 years of Berkshire.

It is a must read for Berkshire Hathaway fans and shareholders.

Read the entire document – the earnings report and both letters – here.

It’s Berkshire Hathaway’s Annual Letter Week!

Monday, February 23rd, 2015

I’m sure it’s on your calendars, devoted Berkshire Hathaway shareholders. This Saturday is the big day. Warren Buffett is releasing his annual letter to shareholders and this year, as we blogged about, it’s a 3-for-1 deal!

The letter is usually released around 7am CST.

We will be awake – reading it and blogging about it bright and early on Saturday. We read it for amusement, insight into the annual meeting and any life lessons from Warren Buffett (and this year, from Charlie Munger, too).

We will also provide you with links to several people who actually analyze what it says in terms of your investment. That’s not our specialty, but we know several journalists who make it their focus.

Speaking of journalists, one of our favorite go-to sources for all things Warren Buffett, Berkshire Hathaway and the annual shareholders meeting is Steve Jordan with the Omaha World-Herald. Steve has been covering Warren for years and does a weekly column called Warren Watch. He frequently breaks big scoops there, but just as often provides us with little fun tidbits that help even us on the inside to navigate the annual meeting.

In yesterday’s column, he talked about all the AirBNB is doing to recruit more people to open their homes to shareholders for this year’s annual meeting. Read it and make sure to subscribe to his updates so you don’t miss a thing.

See you all bright and early Saturday morning! We expect lots of wit and wisdom, as always!

 

Buffett’s Letter to be a “Three for One” Deal!

Monday, February 2nd, 2015

Happy February, Berkies!

We love February. It marks just three months until the annual Berkshire Hathaway Shareholders meeting and the month that our esteemed Chairman, Warren Buffett, releases his annual Letter to Shareholders.

The letter is always such a great read (here is a link to all the prior years’ letters for your perusal). And this year, CNBC is reporting we will get a three for one deal on letters! CNBCs Stephen Foley writes:
Mr Buffett and his business partner, Charlie Munger, are independently writing their views of Berkshire’s extraordinary journey during the past five decades—and what they expect for the next five. Neither is changing a word of the other’s commentary. Readers will be able to compare the two sets of reflections and predictions, in addition to the regular annual letter.
I am sure Warren Buffett’s letter will be full of its usual funny quips, insight into his decisions, and overview of Berkshire’s performance. And I’m sure Charlie Munger’s letter will be more than a quick “I have nothing to add.”

The extra letters are part of a special 50th anniversary celebration for Berkshire this year. 2015 marks 50 years since Berkshire Hathaway became an investment company. We’re deep into planning for the big Golden Jubilee shareholders meeting here in Omaha, and can’t wait to see you all in just three months!

What’s New at Berkshire Hathaway Annual Meeting

Saturday, March 1st, 2014

There are many journalists, analysts and Berkshire Hathaway fans dissecting the investing insight in Warren Buffett’s annual letter to shareholders this morning. They’re typing fast, thinking faster and working to get their stories turned around and posted for your reading pleasure.

Here at BorsheimsBRK, we like to focus on the last section of Warren Buffett’s letter. The section where he talks about what to expect during this year’s annual shareholders weekend in Omaha (this year, May 2-4th, 2014).

As always, it will kick off with our Friday night shareholder-only cocktail party at Borsheims. It really is a party – lots of food, lots of drinks, a band playing in the biggest tent in Nebraska, and the most beautiful jewelry, watches and fine gifts available to purchase at a big discount for our Berkshire Hathaway shareholders.

So what’s new this year? We always find out the same time you do – in the annual letter. The meeting on Saturday will operate much the same as it has the past few years, with shareholders alternating questions with journalists and analysts.

Shareholders who want to stretch their legs during the meeting can visit Berkyville, where things were pretty successful last year. From Mr. Buffett’s letter:

 In a nine-hour period, we sold 1,062 pairs of Justin boots (that’s a pair every 32 seconds), 12,792 pounds of See’s candy, 11,162 Quikut knives (21 knives per minute) and 6,344 pairs of Wells Lamont gloves, always a hot item. This year, Charlie and I will have competing ketchup bottles for sale. Naturally, the one with Charlie’s picture will be heavily discounted. But, if you help, my bottle will outsell his. This is important, so don’t let me down.

Our Borsheims booth did exceptionally well, too. We sold out of most of our jewelry, so if you want a diamond engagement ring or anniversary band, pearl bracelet or Berkshire Hathaway memorabilia, get there early!

Invest in Yourself 5K returning for #BRK2014

Invest in Yourself 5K returning for #BRK2014

The Berkshire 5K is back on Sunday morning for its second year. It was a huge hit last year, with Mr. Buffett firing the starting gun. It’s sure to be even larger this year (especially if we get NICE May weather instead of last year’s cold and snow!).

The big news for us is that Warren Buffett has agreed to return for his fourth stint behind the sales counter at Borsheims. He will sell Sunday, May 4th, 2014. He’s told shareholders to ask for the Crazy Warren price in the past. Here’s what he says this year:

About 1:15 p.m. on Sunday, I will begin clerking at Borsheims. Ask for my “Crazy Warren” quote on the item of your choice. As I get older, my pricing gets ever more ridiculous. Come take advantage of me.

We’re a little afraid of how low he might go! And the man has energy. He usually sells after playing ping-pong, a few hands of bridge, and – oh yeah – a full day question-and-answer shareholder meeting. All that action must make him hungry, because he says in his annual letter that he will eat at both Gorats and Piccolos on Sunday night.

We can’t wait! Only 61 days until Berkshire Hathaway shareholders weekend. Start mapping out your fun now!