Written by Bwog Staff
There’s a mole in the Berkshire Hathaway Annual Meeting, and that lucky individual sent Bwog a few notes on the experience.
1. There is unlimited free top shelf open bar on the opening night cocktail reception. I must have finished a quarter bottle of Goose. Shit.
2. Warren Buffett is VERY proud of his Columbia affiliation — he made reference to it many times so far today and said his Columbia education (1951) and Columbia professor formed the basis of his investment philosophy.
3. Charlie Munger thinks ethanol and corn-based fuel is “the dumbest excuse of a business idea [he’s] ever heard.”
4. Prezbo needs to take a page or two from Buffett’s book on handling disruptive protests. The shareholder Q&A session was interrupted twice by a Native American group protesting the environmental effects of a Berkshire company. Buffett shut them down quietly and kindly.
5. Some smart-ass senior from Purdue decided to make an ass out of himself in asking Buffett and Bill Gates for a job. He got shot down.
6. Warren Buffett also runs the fastest ever meetings. CCSC oughta take a lesson or two. This just happened:
WB: “It’s now 3:00 and the meeting will come to order. I am Warren Buffett, Chairman and CEO of Berkshire Hathaway. This first item on the agenda is the reading and approval of the previous meeting.”
Walter Scott, Director: “Mr. Chairman, I motion that we dispense with the reading and approve the previous minutes.”
WB: “Do I hear a second? All right, there is a motion on the floor to approve previous minutes without reading them. We will vote by voice vote. All in favor?” *gestures to the audience*
27,000 shareholders: “AYEE!!!!”
WB: “All opposed?”
27,000 shareholders: *cricket*
WB: “We now enter on the second item of the agenda: the reelection on Berkshire Hathaway directors. I have already introduced them. Votes tendered by proxy show 98% for, 2% against management’s recommended slate. Any objections or new nominations from shareholders present?”
27,000 shareholders: *silence*
WB: “Directors are reelected. Congratulations.”
Tags: warren buffett