Posts Tagged ‘Warren Buffett’

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!

Photos and Video from Berkshire Hathaway Weekend

Sunday, May 4th, 2014

Whew! We are all wrapped up at Borsheims from another amazing Berkshire Hathaway shareholders weekend. It was packed with fun, shopping, and more fun.

Take a look back through the weekend with all of our photos here.

 
Created with flickr slideshow.
 

And watch the best video of the weekend… where Warren Buffett helps a shareholder propose to his girlfriend by selling them the diamond ring!

Warren Buffett Sells 6 Buffett-Signed Diamonds, Other Jewelry at Borsheims

Sunday, May 4th, 2014

Warren Buffett Sells 6 Buffett-signed Diamonds, Engagement Rings, Watches

“Crazy Warren” Sells to Dozens at Borsheims

Omaha, NE – For about two hours, Warren Buffett sold jewelry to dozens of customers at his Berkshire Hathaway-owned jewelry store Borsheims in Omaha. Mr. Buffett worked the sales counter and gave customers “Crazy Warren” prices as part of the annual Berkshire Hathaway shareholders weekend. Shareholders purchased a variety of jewelry items from Mr. Buffett, but six of the diamonds he sold were extra special – they had his name engraved onto the diamond’s girdle.

Mr. Buffett sold the last six of the 26 available Warren Buffett-signed loose diamonds. The loose diamonds varied in size from ¾ carat up to 5 carats, and were laser-inscribed with Warren Buffett’s signature, the Borsheims logo, a maple leaf, and a unique identifying number. With only 26 loose diamonds with Mr. Buffett’s signature and 25 diamond pendants bearing his signature (those were purchased in less than two hours at the CenturyLink Center during Saturday’s annual meeting,) it was no surprise that all 51 Buffett-signed diamonds sold out this weekend.

What was a surprise was Mr. Buffett’s first customer of the day. Eric LeFante told his girlfriend he was buying a necklace from Mr. Buffett, but instead bought an engagement ring, dropped to his knee, and proposed to his girlfriend. Mr. Buffett handed the two glasses of champagne before toasting them with Borsheims President & CEO Karen Goracke.

The excitement just kept building after that. For about two hours, Mr. Buffett sold more engagement rings, diamond bracelets, earrings, watches and other fine jewelry. He helped customers buy jewelry to celebrate anniversaries, engagements, and other milestones. At Borsheims, we are privileged to share in the special moments in our customers’ lives and feel extra privileged to allow our customers to celebrate those moments with Mr. Buffett.

Warren Buffett sells jewelry to Berkshire Hathaway shareholders at Borsheims during the 2014 Annual Shareholders weekend.

Warren Buffett sells jewelry to Berkshire Hathaway shareholders at Borsheims during the 2014 Annual Shareholders weekend.

Borsheims Fine Jewelry and Gifts is one of the nation’s largest independent jewelry stores and a proud member of the Berkshire Hathaway family.  With an international clientele spanning 50 states and six continents, Borsheims continues to operate with the vision that has guided the company for more than a century: “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.”

For more information about Borsheims, contact Adrienne Fay at (402)391-0400 or adriennefay@borsheims.com or Trisha Meuret at (402)658-0017 or tmeuret1@gmail.com.

Welcome Back, “Crazy Warren” Buffett!

Sunday, May 4th, 2014

We are so thrilled to welcome back our #1 salesman, Warren Buffett.

(Or “Crazy Warren” as he calls himself.)

Warren Buffett sells jewelry at Borsheims during the 2013 Berkshire Hathaway shareholders meeting.

Warren Buffett sells jewelry at Borsheims during the 2013 Berkshire Hathaway shareholders meeting.

We are so excited he has agreed to a fourth year of working the sales counter at Borsheims. And we know the dozens of customers who have appointments to buy from him are pretty excited, too.

Stay tuned for pictures, video and stories of Warren at Work!