Are you like Buffett? Our friends at Marketwatch have a quick 11-question quiz to determine how much like Buffett you are. I scored an 88%. (I woulld’ve scored higher, but Coke isn’t my beverage of choice.) The results suggested that based on our likeness, I should be worth about $57 billion. Close, but not quite… If you are interested in taking the quiz, here’s a link: Buffett Quiz
Speaking of Buffett, the Berkshire Hathaway annual shareholder meeting takes place on Saturday (two days from now) April 30, 2016. Typically, tens of thousands make their annual pilgrimage to Omaha, NE for what has been dubbed “Woodstock for Capitalists.” I have never attended, but I hear that it is a fun day. In the past, I have attended the Wesco Financial annual shareholders meeting. Given that I live in the Los Angeles area, it was much easier for me to attend this meeting than the Berkshire meeting. What do these two meetings have in common? Wesco was run by Charlie Munger; second in command at Berkshire. The Wesco meeting was much more intimate. When I started attending, there were only about 100 people there. Eventually, it grew to about 1,000 or so. Still far fewer than the 60,000 that go to the Berkshire meeting.
A few years ago, Berkshire absorbed Wesco and as such, the latter no longer has its own annual shareholders meetings. I have missed hearing Mr. Munger’s quips and general approach to life. I am not one for crowds, so the thought of attending the Berkshire meeting has never been appealing to me. So unfortunately, I haven’t get to hear from these great investors. But starting Saturday, all that changes.
For the first time ever, the Berkshire Hathaway shareholders meeting will be streamed live. You don’t need to go to Omaha. You can sit in the comfort of your home and listen in. Regardless as to your level of investing experience, I highly recommend that you tune in. The formal meeting itself is dealt with quickly. The main part of the event is the Q&A. Great questions and great answers. You will never see a more honest, team than Buffett and Munger. You will also hear book recommendations from Buffett and Munger – these frequently aren’t investing books, just great reads that these great men recommend.
If you are interested in attending the live streaming event, coverage begins on Yahoo Finance at 10:00 am ET on Saturday with 30 minutes of on-the-ground reporting from Yahoo Finance reporters from CenturyLink Center Omaha, followed by the start of the shareholders meeting live stream at 10:30 am ET. The live stream will appear exclusively on Yahoo Finance, and be viewable on desktop, tablets and mobile phones.
Here’s a link: https://finance.yahoo.com/brklivestream/
Yahoo’s first NFL game streamed globally in October 2015 drew 33.6 million viewers. Will the Berkshire Hathaway meeting outdraw that game? Doubtful… As such, I have complete confidence that all of us tuning in won’t crash the Internet.