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!
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!