Berkshire Hathaway Annual Meeting: Live Video and Transcript Links

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Although most of my portfolio is in a diversified mix of index funds, I also own individual shares of Berkshire Hathaway and collect advice from Warren Buffett and Charlie Munger. I believe that understanding how to analyze individual businesses creates a better foundation for any self-directed investor. Saturday, May 6th is the 2017 Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska.

I’ve wanted to physically attend a meeting for several years now, but I suppose I haven’t wanted it badly enough (mostly too busy with the kids). Sometimes I reason that Buffett himself would perhaps invest another $500 to $1,000 into BRKB shares (grow that Snowball!) rather than spend it on airfare, hotels, and so on. This is especially true today as there are so many ways to keep up with the event:

  • Yahoo Finance Livestream. Watch the entire presentation and Q&A session as it happens if you’d like. Lots of related content is already up. I enjoyed this one with Todd Combs and Ted Weschler.
  • Live Blogs. Many media sites like Morningstar, Wall Street Journal, Business Insider, and CNBC will “liveblog” the event with short text blurbs.
  • Transcripts. After the meeting is over, several sources publish their own notes and transcripts from the event. Here are a few from the 2016 meeting: here, here, and here.
  • Book. Pilgrimage to Warren Buffett’s Omaha by Jeff Matthews was published in 2008 and presented a detailed personal account of his experiences at the meeting. It was a fun read that sparked my initial interest in attending the meeting.
  • Shareholder Letters. If you haven’t read it yet, check out Buffett’s 2016 Letter to Shareholders. Shareholder letters from 1977 to 2016 are available free to all on the Berkshire Hathaway website. You can also purchase all of the Shareholder letters from 1965 to 2016 for only $2.99 in Amazon Kindle format.

I wonder how early I have to book flights and hotel rooms if I want to attend in 2018…

Comments

  1. Michael says:

    Personally have gone twice, 2010 and 2012. This thing is unreal and it’s just a shareholder meeting with a very interesting Q&A session beforehand. Unfortunately it gets bigger and bigger every year, so it feels like a stampede to get a seat anywhere (hence why they are now live-streaming it too).

    Quite a unique, American experience. Alas, not one single member of my family understands the obsession with visiting Omaha and Warren Buffett’s meeting.

    Don’t regret going for a minute or dollar! Just do it.

  2. I’ve been wanting to go for years, too. Haven’t put my mind to making it happen either but there’s a reason I refuse to sell my few BRKBs 🙂

    I’m sure it’s more sensible to just livestream it but there’s something about the experience of seeing it live that’s appealing. Maybe it’ll be worth it to go once, just for the memories.

  3. I live in Omaha and will be attending tomorrow. If you want any info, pics or anything, just e-mail me. Also, I have plenty of bedrooms in my house if you’d want a place to stay next year.

  4. simplesimon says:

    I attended in 2009 and booked everything about one month before the event because I wasn’t a shareholder and I was waiting for Buffett to give away tickets on eBay. Flights were okay but the only hotel I could get was at the Econo Lodge Downtown. I enjoyed the experience, but it was not the zoo that it’s described today.

  5. I have thought about attending for a while as well. I think a lot of people do it for the experience of “seeing” Buffett and Munger, as well as the networking potential.

    However, the cost in terms of money and time is just too high for me. The amount of time and inconvenience of fighting with crowds for seats is not worth it for me. I do not think that the time is spent efficiently, if you just go for the meeting. If you want to network, perhaps it may be worth it ( though it may be cheaper to meet these people elsewhere)

    The transcripts of past meetings have been available online for several years, and you can learn from those from the comfort of your own seat. Now that you can see it live-streamed on Yahoo, there is even a lower incentive to just go to Omaha. And that is without the hassle of travel and fighting with crowds.

    On the other hand, as the meeting has increased in size, we also get a lot of repetitive questions as well.

    • Watching the livestream is an interesting middle ground for me. Some of the questions are, how do I put it… stupid 🙂 I can’t help but be amused by the consumerism of this festival celebrating the billionaire with no stuff. I’m frugal, but I still kind of want a Warren Buffett jello mold. So weird.

  6. The third time in Omaha. Booked everything in January. Direct flight to Kansas City – $250; Car – $50 for two days. 2-star hotel – $110 in Omaha Friday, $50 in Kansas City Saturday. Most money spent in shopping before was $40 for a book, also bought some Fruit of Looms underwear with Warren/Charlie print ? Amazing experience listening to those two fellows. Hope it will be good today, too

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