Berkshire Hathaway millionaires, billionaires occupy Omaha; 150 private jets alit on Friday alone

Occupy Omaha activists outside Borsheim's jewelry in
Omaha's exclusive Regency neighborhood. Borsheim's, a
Berkshire Hathaway company, is a featured destination for
shareholders in their annual pilgrimage to Omaha, which
Warren Buffet calls "Woodstock for Capitalists." At the
Borsheim venue, "shameless embrace of conspicuous
consumption" might be a more appropriate description.
Photo: KMTV still frame from this report.

30,000 shareholders of Berkshire Hathaway, the most expensive stock on the New York Stock Exchange, have descended on Omaha to hear Warren Buffett answer questions about, among other things, his recent cancer diagnosis and why Berkshire is trailing the S&P 500 for the third year in a row.
     150 private jets were expected Friday alone. Berkshire Hathaway has 80 subsidiaries and 270,000 employees, of which just 24 work at Omaha headquarters.
     In his most recent annual report, Buffett, the People's multibillionaire, consoled homeowners recently evicted in foreclosures by noting the following:

Large numbers of people who have “lost” their house through foreclosure have actually realized a profit because they carried out refinancings earlier that gave them cash in excess of their cost. In these cases, the evicted homeowner was the winner, and the victim was the lender.

     To conserve the wealth of his shareholders too poor to afford private jet or co-op NetJets (another Berkshire company) travel, and to enable them to spend more at Borsheim's and the gigantic Nebraska Furniture Mart (another Berkshire company), Warren Buffett thoughtfully encouraged stockholders to fly into Kansas City rather than Eppley Airfield because the airlines jack up fares to Omaha during shareholders' weekend. Even at 81, Buffett is not one to leave money on the table for airlines to scoop up when those bucks should rightfully be his!