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Berkshire Hathaway Annual Shareholder Meeting 2015 – Day 3

Day 3: Sunday

Wow what a weekend!

I finished up the Berkshire Hathaway celebrations with the Invest in Yourself 5K – which was kicked off by Berkshire head of insurance Ajit Jain.

Then I went to Borsheim’s for brunch and free drinks and was entertained by World Class magician Norman Beck. I also watched Warren Buffett and Bill Gates take on Ariel Hsing in ping-pong. Then later I was able to get pretty up close to them as they played bridge.

A big thank you to everyone who made this weekend possible – including Warren and Charlie, Warren’s assistant Carrie Sova, the City of Omaha, the staff at CenturyLink, everyone who was working the booths for Berkshire’s companies, and Borsheim’s, the Nebraska Furniture Mart, the Chilko Experience, and Brooks!

I will be posting a full write-up on all of the key take-always from the weekend later this week, so stay tuned!

For photos of today’s 5K and pictures of Ajit Jain, Warren Buffett, and Bill Gates, take a look at the Vintage Value Twitter page.

And if you want great articles on Warren Buffett and Berkshire Hathaway and free value investing articles, tips, and ideas, then please subscribe below!

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  • Benjamin Graham – also known as The Dean of Wall Street and The Father of Value Investing – was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Buffett describes Graham’s book – The Intelligent Investor – as “by far the best book about investing ever written” (in its preface).

    Graham’s first recommended strategy – for casual investors – was to invest in Index stocks.
    For more serious investors, Graham recommended three different categories of stocks – Defensive, Enterprising and NCAV – and 17 qualitative and quantitative rules for identifying them.
    For advanced investors, Graham described various special situations or “workouts”.

    The first requires almost no analysis, and is easily accomplished today with a good S&P500 Index fund.
    The last requires more than the average level of ability and experience. Such stocks are also not amenable to impartial algorithmic analysis, and require a case-specific approach.

    But Defensive, Enterprising and NCAV stocks can be reliably detected by today’s data-mining software, and offer a great avenue for accurate automated analysis and profitable investment.

    Warren Buffett once wrote a detailed article explaining how Graham’s record of creating exceptional investors (such as Buffett himself) is unquestionable, and how Graham’s principles are everlasting. The article is called “The Superinvestors of Graham-and-Doddsville”.