Wednesday, May 18, 2005

Annual Meetings Revisited, Budweiser in Omaha

Good set of notes from Morningstar's Dreyfus Neenan with links summing up BRK and WSC meetings from earlier this month. Comment on hurricane season. While losses may come through, would be good for pricing environment long term. Motley Fool on Budweiser, Fortune on finite insurance, Business Week on SEC investigation (never get regulatory bodies competing over you for headlines -- ouch!), a pretty funny article about old crotchety men upending the young hedge fund upstarts on Wall Street (Kirk, Carl, Warren, etc), and at end a good article on the growth of Clayton Homes -- a compelling story for any business facing difficult lending conditions but with opportunities for growth. An address in Omaha might make a good corporate headquarters. GSB Buffett Club heads to Omaha next Wednesday to meet with the Oracle. Last year he served Coke. This year, Budweiser? A true value investor can only hope of sharing a Bud with the Oracle...

Roundup of the Berkshire Hathaway Meetings
by Dreyfus Neenan |
05-18-05 | 06:00 AM
You can often learn a lot simply by watching. So at the 2005 Berkshire Hathaway BRK.A BRK.B annual meetings--the shareholder meeting in Omaha, the subsequent analyst/news briefing (which is not open to the public or shareholders) and at Wesco Financial's WSC annual meeting in Pasadena, Calif.--we watched. And listened. We've parsed our notes and selected what we think were chairman Warren
Buffett and vice chairman Charles Munger's most salient insights for investors.

Atlantic Ocean Hurricane Season May Yield Nine Storms, Five of Them Major The Atlantic Ocean hurricane season this year will be more active than normal, with as many as five major hurricanes, following last year's historic season when four of the storms hit Florida, U.S. government forecasters said.

The King Is...Slipping
Motley Fool -
... Keep in mind, however, that
Buffett said, "I would not expect the earnings to do much for some time, but that's fine for us." Buffett's time horizon is ...

Berkshire: 2 insurance workers put on leave
BusinessWeek -
... placed on paid leave effective Monday as federal officials conduct probes into insurance practices, billionaire investor Warren
Buffett's Berkshire Hathaway Inc ...

Oh, The Games Insurance Companies Love To Play (subscription)
By Andy Serwer

Old Money
The geezer billionaires who are upending Wall Street.
By Daniel Gross

Competitive Edge - Technology, Berkshire Hathaway resources drive ...
Maryville Daily Times - Maryville,TN,USA
... Following the 2003 merger with Warren
Buffett's Berkshire Hathaway, the company gained unprecedented access to capital, which put its loan packages ...

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