Posts Tagged ‘Warren Buffett’

Today in Fun Berkshire Hathaway News…

Wednesday, March 25th, 2015

What a fun day to be a Berkshire Hathaway shareholder!

When I woke up, the new Entourage movie trailer was all over my Twitter feed. And apparently, our esteemed Chairman Warren Buffett makes a cameo on the movie! Check out his name and picture in the trailer:

I think I remember a few years back that an Entourage clip was included in the video played at the annual Berkshire Hathaway shareholders meeting. Does anyone else remember that? I’m wondering if Mr. Buffett shot more scenes for the movie or if the movie producers just included a clip or two from the Berkshire video. Either way, pretty cool!

Then, a few hours later, we learn that Berkshire Hathaway is financing the merger of Kraft and Heinz. We’ve enjoyed having Heinz a part of the Berkshire family for the past few years. And the new partnership is leading to some pretty great ideas on behalf of Berkshire shareholders anxious to see a Kraft booth in Berkyville at the annual shareholders meeting!

 

Screen Shot 2015-03-25 at 2.25.45 PMImagine a mac & cheese truck! Or Lunchables and Capri Suns for the kids? Unlimited A1 Steak Sauce for all those steaks at Gorats’s and Piccolo’s during the weekend. Wheat Thins and Easy Cheese for a midmorning snack during the meeting. The possibilities are endless! What are your great Kraft ideas?

We have no idea if Kraft will make an appearance at this year’s annual meeting, but we’ll be happy to see them whenever they arrive! Until then, consider my weekly Kraft Mac & Cheese habit a contribution to the well-being of Berkshire Hathaway!

 

BRK Shareholders: Do you know about #TexasTuesday?

Tuesday, March 24th, 2015

I love Tuesdays because:

a) it’s not Monday, and

b) #TexasTuesdays!

Not to be confused with Taco Tuesdays (which are a big thing among my kids and their friends!), #TexasTuesdays for us are all about Nebraska Furniture Mart’s huge new store opening soon in Texas.

An aerial photo from January 2014 gives you an idea of just how big NFM Texas will be!

An aerial photo from January 2014 gives you an idea of just how big NFM Texas will be!

And when we say huge, we mean it. It will be America’s Largest Home Furnishings store, with 550,000 square feet of showroom space for furniture, flooring, appliances and electronics. The warehouse is more than 22 football fields in size.

Most Berkshire Hathaway shareholders who have been to Omaha have visited Nebraska Furniture Mart’s Omaha location and know just how enormous it is. The Texas store is even bigger.

So each Tuesday, our friends (and Berkshire Hathaway family) at Nebraska Furniture Mart have Texas Tuesday where they give a sneak peek of the Texas store. The last few weeks have featured GoPro tours of the store.

You can see it will be impressive. Warren Buffett certainly thinks so. He has said he expects that all three stores (Omaha, Kansas City and Dallas/Fort Worth) will do a combined $1 billion in sales annually.

While NFM Texas hasn’t set an official opening date yet, Mr. Buffett will be there on April 8 to speak at a cancer fundraiser. The store has been having a soft open, inviting bloggers, journalists and others into the store for a sneak peek and some shopping.

So go online and check out #TexasTuesday. You can find info on NFM’s YouTube channel, their Twitter accounttheir Facebook page, or even their blog!

And welcome, NFM Texas, to the Berkshire family. We hope to hike your showroom soon!

How to Sleep in Warren Buffett’s House

Tuesday, March 17th, 2015

Did you see this today?

We know Warren Buffett has been promoting Airbnb this year as an alternative to Berkshire Hathaway shareholders, but this is a new level of cooperation!

Airbnb is offering some lucky Berkshire Hathaway shareholders the chance to stay in Warren Buffett’s childhood home during Berkshire Hathaway shareholders weekend (May 1 – 4, 2015).

Buffett’s childhooairbnb-new-logo-belo-feeldesain5d home is right here in Omaha (in the Country Club neighborhood), not far from his current home (in Dundee). It’s a great neighborhood for visiting, with lots of restaurants in both Benson and Dundee within walking distance. It can sleep six and you can’t beat the price – free if you win the contest!

 

So here’s how to enter…

Go to Airbnb’s website here.

Click on contact host and answer these four questions:
  • What are you most excited to experience in Omaha? (200 words max)
  • What are you most looking forward to at the Berkshire Hathaway Shareholders Meeting? (200 words max)
  • What’s your favorite Airbnb experience? (200 words max)
  • What’s next on your travel bucket list? (200 words max)
All entries need to be in by midnight on April 1st. The winner will be chosen by a panel, including the current owner of the home.

 

So go and enter. And even if you have accommodations already booked, you might want to look at Airbnb’s site. They have some great details on the place Warren Buffett used to call home!

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

Buffett’s Letter: What’s New for the Shareholders Meeting

Saturday, February 28th, 2015

There are so many pieces of information to gain from reading Warren Buffett’s annual letter to shareholders (or in this year’s case – letters to shareholders!).

One of our favorite reasons to read is for insight into what’s going on during the annual shareholders’ meeting – scheduled this year for the weekend of May 1 – 3.

Believe it or not, even though we at Borsheims host two big events for shareholders during the weekend, we are sometimes surprised by Mr. Buffett’s plans for the weekend. It makes for a fun morning, learning about all great shareholder events we have to look forward to in just two short months.

So here is the rundown on what’s new and what to look forward to for this year’s annual shareholders weekend:

- Berkshire Hathaway’s golden anniversary is sure to draw huge crowds. The 39,000 people attending last year set a record, and Mr. Buffett expects even larger crowds this year.

Shoppers crowd Borsheims booth at the CenturyLink Center's Berkyville during the 2014 annual meeting.

Shoppers crowd Borsheims booth at the CenturyLink Center’s Berkyville during the 2014 annual meeting.

- The exhibit hall at the CenturyLink Center (Berkyville, as it’s come to be known) will be open Friday and Saturday for shareholder shopping. The Friday hours – from noon to 5 – are new! I know several of the booths sold out of items last year, so here’s hoping they bring more inventory this year for the extended hours. I know our Borsheims booth will be stocked with jewelry items and memorabilia, from the affordable to the higher end. We are planning to have plenty of items for everyone to buy no matter which day they visit us. (See what we sold there last year for an idea of what may be on the menu this year).

- Several booths will have special Golden Anniversary items for sale. Mr. Buffett specifically mentions a book from the Bookworm commemorating 50 years. Our Borsheims team is producing several special items, all with a gold theme. A gold pen and a gold jewelry box are just the start. Know that we’ll definitely have some gold jewelry you can put in that jewelry box, too!

- There will be a tiny parade to kick things off Saturday morning. A parade at 6:20am. Featuring two Texas longhorns named Norman and Jake. Ridden by Justin Boots execs. Followed by four horses pulling a Wells Fargo stagecoach. Of course.

The rest of the weekend’s events look very similar to prior years events.

Friday, the Borsheims cocktail party is the place to be (if we do say so ourselves!).

Saturday is the annual meeting, all the awesome Berkyville shopping, and the Nebraska Furniture Mart picnic at night.

Sunday is the shareholder-only shopping day back at Borsheims. In the afternoon, come and watch Mr. Buffett (usually joined by Bill Gates) play Olympian table tennis star Ariel Hsing. We also have a magician and bridge experts there for entertainment.

Sunday evening, Mr. Buffett encourages you to eat at one of his two favorite steakhouses – Gorats or Piccolos.

Then we’ll allow you to return to your homes, stuffed with steak and root beer floats, laden with Borsheims boxes and Nebraska Furniture Mart delivery slips, and exhausted from a very fun and incredibly memorable weekend.

Here’s to 50 years and seeing you in 61 days!

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!

 

World’s Most Admired Company? We’re #3!

Thursday, February 19th, 2015

Every day, we at Borsheims feel so grateful to be a part of the Berkshire Hathaway family. Maybe it’s because we’re in Omaha and there’s a decent chance we could see Warren Buffett or someone from the corporate office on a daily basis. Or maybe all the Berkshire Hathaway subsidiaries around the world feel this way. Either way – we’re definitely part of a big, wonderfully successful, and widely admired company.

We’re feeling even more thankful than usual today.

Fortune just released its annual “World’s Most Admired Companies” list, and Berkshire Hathaway is ranked third (up from fourth last year). We trail right behind Apple (#1) and Google (#2). That is some good company!

You can see the entire list from Fortune here, as well as the criteria upon which the list was based. Berkshire Hathaway ranked high in several categories – financial soundness, people management, and, of course, quality of management.

We know, day in and day out, that we work for a company with integrity. It always feels good when other people recognize it, too!

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!

Did you see Warren Buffett Help A Shareholder Propose?

Monday, May 5th, 2014

We have been lucky to witness several proposals at Borsheims over the years.

This one may take the cake.

After all, it’s not every day you get the Oracle of Omaha, Warren Buffett, in your engagement story.

Here’s the behind-the-scenes on how it happened:

Eric LeFante sent a letter to Mr. Buffett’s office a few months ago, explaining that he would like Mr. Buffett’s help in proposing to his girlfriend. Mr. Buffett’s office put Eric in touch with Borsheims long-time salesperson, Monica Eby.

Monica worked with Eric over the past few months to plan the entire thing out. From selecting the diamond (which is a Borsheims Signature Diamond from Canada) to mapping out exactly how the surprise would play out. Monica even made sure to arrange champagne for the happy couple to toast with Mr. Buffett. (The Omaha World Herald has the story, too.)

Watch the video to see exactly how Warren helps with the surprise.

We are thrilled for Eric and Carrie and so honored that we get to play a role in such a special moment in their lives.

That’s our mission statement at Borsheims:
“We are privileged to share in the special moments in our customers’ lives. We will treat this opportunity with the respect and importance it deserves.”
Thank you, Eric and Carrie, for allowing us to be a part of your special day. Thank you, Monica, for another job well done.  And thank you, Mr. Buffett, for your great acting work (and salesman job!) You are all welcome back at Borsheims any time!