Tuesday, May 6, 2014

Didn't make it to Omaha? CNN covered the Berkshire-Hathaway shareholder meeting circus and what Warren Buffett wants as his epitaph

Berkshire-Hathaway hasn't beaten the S&P 500 in five years, but no matter: "B" stocks are riding high, because shares of Berkshire (especially the cheap ones) aren't just an investment, they're a way to get free tickets to the Woodstock of Capitalism Cult of Personality held every Spring in Omaha at which time Eppley Airfield is littered with private jets.
     Oh yeah, we have to answer the headline tease. Buffett's preferred epitaph: "Here lies the oldest man who ever lived."
     Tour buses now go by Buffett's home, which caused the Oracle of Omaha to confess: "I'm still trying to figure out how to monetize that."
     This year Buffett and Bill Gates played ping pong instead of bridge, but ex-paperboy Buffett again showed off his newspaper toss skills, throwing an Omaha World-Herald (owned by Berkshire) directly to the threshold of a Clayton mobile home set up at the Century Link Centre (Clayton also is a Berkshire company).
     Some time ago, one of AKSARBENT's spies correspondents spotted Astrid, Buffett's wife, on the floor of a shop testing alarm clocks to find one loud enough to get Buffett out of bed in time for meetings when he travels. It seems that even one of the richest men on the planet cannot be assured that his requests for hotel wake-up calls will be reliably honored.

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