Posts Tagged ‘Warren Buffett’

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.

Warren Buffett Helps Couple Get Engaged at Borsheims

Sunday, May 1st, 2016

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.

You can download photos of the proposal here.

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:

Trisha Meuret: 402.658.0017, tmeuret1@gmail.com
Adrienne Fay: 402.391.0400, adriennefay@borsheims.com
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Sunday Funday at Borsheims

Sunday, May 1st, 2016

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.”

Ariel Hsing plays Warren Buffett and Bill Gates

Olympian Ariel Hsing plays Warren Buffett and Bill Gates in Table Tennis at the 2012 Shareholders Meeting

TABLE TENNIS Mr. 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.

Hope you can join us for the fun!

Back by Popular Demand… Warren Buffett Signed Diamonds

Tuesday, April 26th, 2016

We call it Warren Buffett’s tiniest and most valuable signature.

It’s so tiny that the signature can only be seen through a jewelry loupe.

WEB Signature Inscription

We’ve sold a very limited collection of diamonds inscribed with Warren Buffett’s signature the past few Berkshire weekends and they always sell out very quickly.

So we’ve brought another limited collection back.

We have 40 loose stones – ranging from under a carat to more than five carats. They are round and square shaped diamonds. You can choose to have them made into rings, pendants, earrings, or about anything else you can dream up.

The price on them for shareholders is incredible – starting at just under $1,900 for the smallest stones to $134,000 for the 5.34 carat round.

If you want one, act fast! They’re usually all snatched up by the Sunday of Berkshire weekend.

Revisiting some Frequently Asked Questions

Monday, April 25th, 2016

We did this post last year – but it’s worth repeating. We get the same questions year after year, so I’ll give you the same answers year after year.

Here are a few of the FAQs we always get:

Q: Where is The Bookworm?

A: The Bookworm (a great local bookstore that carries a huge supply of Berkshire Hathaway and Warren Buffett related books) has a booth at the CenturyLink Center on both Friday and Saturday of Berkshire Hathaway shareholders weekend. But they also have a main storefront, which moved two years ago. You can now find The Bookworm about a mile south of where they used to be located. They’re now in Loveland Centre near 90th and Center Streets. If you want to get a sneak peek at all the Berkshire Hathaway books they’re carrying this year, they put together this handy list!

Q: Are there any Dairy Queen locations nearby?

A: There are! And trust me, I know how to get there. And what to order. (The banana split blizzard is my go-to.) The DQ closest to Borsheims is just south of 114th and Dodge Streets. There’s another on 72nd & Blondo, about a mile and a half north of Nebraska Furniture Mart. If you’re elsewhere in Omaha, find a nearby Dairy Queen by checking this handy locator on their website.

Q: Can I walk from Borsheims to Nebraska Furniture Mart?

A: You could, I suppose. But it’s not very walk-friendly. My friend Google Maps shows it’s about 3 miles and would take about an hour. If you take the suggested route, you’ll walk through some pretty posh neighborhoods, so that’s cool. Or you could just call a taxi or Uber. Or ask another friendly shareholder for a lift.

Q: Where can I see Warren Buffett?Buffett, Gates play ping pong

A: Like up close and personal? Your best bet is one of three places. 1) He wanders the floor of the CenturyLink Center checking out the exhibitors on Saturday before the annual meeting begins. He is usually surrounded by a horde of media, but you can try to elbow your way in. 2) He comes to Borsheims on Sunday afternoon around 1pm. He usually plays a little table tennis with Ariel Hsing and bridge. 3) He makes a stop at Gorat’s Restaurant on Sunday night. I’m sure reservations are already be gone, but you can sure try to snag a spot.

Q: Can you get this hand-crafted-ukulele, picture-of-my-kid-who-looks-like-Charlie-Munger, life-size-replica-of-Warren-Buffett-made-out-of-q-tips to Warren Buffett to have him sign?

A: Nope. Wish I could, but I can’t. He’s pretty busy during Berkshire Hathaway shareholders weekend and so are we. Chances are pretty good that your prized possession would get lost in the shuffle if I took it!

 

If you have any other questions, leave them in the comments or come see me at the Info Desk in front of Borsheims.

Check out our Borsheims and #BRK2016 Coloring Book!

Wednesday, April 20th, 2016

You guys! I have a new favorite souvenir item to commemorate this year’s Berkshire Hathaway shareholder meeting. Check it out!

CORPcolorbook-VIDEO

Not only is it the coolest, but it’s also $5! This coloring book is for adults or kids – and is full of Borsheims and Berkshire related images.

Here are two of my favorites:

Coloring Book Jewelry

Coloring Book Warren and Charlie

Maybe it’s because I spend a good chunk of each day coloring (4 kids will do that to a person!), but I think this coloring book will be a best seller.

We have a few other items that are bound to be bestsellers, too. You can peruse all the memorabilia in this slideshow below, and click here to purchase some of the items now. The rest will be for sale at the Borsheims booth in the CenturyLink Center on Friday and Saturday of Berkshire weekend.

 

 
Created with flickr slideshow.

Fire Destroys Omaha Restaurant, a Berkshire Hathaway Shareholder Favorite

Wednesday, April 13th, 2016
The interior of M's Pub - courtesy of M's Pub Facebook page

The interior of M’s Pub – courtesy of M’s Pub Facebook page

A staple for Berkshire Hathaway shareholders during their weekend in Omaha is gone. M’s Pub burned down on the coldest day of winter in a three-alarm fire.

Fire investigators have said they think a crew working to install fiber-optic lines underground accidentally cut a gas line, which then resulted in the gas-fed fire. It burned for hours before crews were able to extinguish it.

The fire gutted much of the old building on the corner of 11th & Howard Street in Omaha’s Old Market. The boutique Nouvelle Eve also was destroyed, as well as the condos above the restaurant.

You can read all about the fire here, here, and here.

The great news is that the owners of the building are committed to saving the building and reopening M’s Pub there. Engineering experts are already hard at work shoring up the building and hope to start work on the renovations soon.

So the Old Market may look a bit different this year than it has in the past, but I know the businesses there appreciate your help. They had a rough winter with the fire and Omahans are making a big effort to support them through the construction.

You can find a list of other Old Market restaurants here. Feel free to ask for any recommendations – we are happy to help!

Ready for Table Tennis at #BRK2016? Borsheims Champ is!

Friday, April 8th, 2016

Any Berkshire Hathaway shareholder who has been a part of Sunday’s festivities at Borsheims probably can tell you the name of an Olympic Table Tennis player.

Bill Gates and Warren Buffett concede their table tennis match to Olympian Ariel Hsing during the 2015 Berkshire Hathaway Shareholders weekend.

Bill Gates and Warren Buffett concede their table tennis match to Olympian Ariel Hsing during the 2015 Berkshire Hathaway Shareholders weekend.

Ariel Hsing has been attending the shareholders weekend for years as a special guest of Warren Buffett. She even spends a few hours on Sunday outside Borsheims playing table tennis against Warren Buffett, Bill Gates, and any other shareholder brave enough to take her on.

And she doesn’t lose.

But there are always several table tennis enthusiasts who try to beat her each year. This year, Borsheims held an in-house tournament to see if one of our own can defeat an Olympian at her own game.

Check out the winner’s slow-mo winning shot!

That ping pong pro is Borsheims Systems and Network Engineer, Tommy Luong. Here’s what he says about how he learned table tennis:

 

“The first time I picked up a paddle was around age 9 or 10. We lived in California at the time. My father had just laid down tons of concrete in our humongous backyard (Do-It-Yourself project that took forever). When we were finally done, although it looked nice, it felt like a big empty parking lot. So we christened all that flat concrete with a ping pong table. I learned how to play from my dad and practiced with my Uncles. Played a lot up until high school and then I stopped. Didn’t play again till a few years ago when I found out our church had a table. Now every time I pass by a pong table I feel the need to play it…can’t resist a good slam.”

Tommy’s pretty good – but he’ll need to practice quite a bit to beat Ariel Hsing! Look for the match-up Sunday, May 1, outside of Borsheims. Ariel will play Warren Buffett (and likely Bill Gates) first, around 1pm – and then take on any others who dare including Tommy. If you want to join the fun, just get in line Sunday afternoon. We provide the paddles, balls, and Olympian!