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Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting
 
 

Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting (Hardcover)

by Jeff Matthews (Author)
5.0 out of 5 stars  See all reviews (2 customer reviews)
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Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting + Its When You Sell That Counts + The Entrepreneurial Investor: The Art, Science, and Business of Value Investing
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Product details

  • Hardcover: 312 pages
  • Publisher: McGraw-Hill Professional; 1 edition (1 Nov 2008)
  • Language English
  • ISBN-10: 007160197X
  • ISBN-13: 978-0071601979
  • Product Dimensions: 23.1 x 15.5 x 2.8 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon.co.uk Sales Rank: 392,110 in Books (See Bestsellers in Books)

    Popular in this category:

    #64 in  Books > Business, Finance & Law > Personal Finance > Retirement Planning
  • See Complete Table of Contents

Product Description

Product Description

Welcome to the “Woodstock of Capitalism”

A professional skeptic offers his thoroughly entertaining first-hand account of Berkshire Hathaway and the surprising goings on at the company's annual shareholders' meeting

The weekend-long rite of spring that is the Berkshire Hathaway annual meeting attracts tens of thousands of people to Omaha, Nebraska, each year. They come to eat steak, buy furniture at a discount, and bask in the brilliance of value investor extraordinaire, Warren Buffet. Last year's meeting drew more than 25,000 people to Omaha, among them hedge fund manager and financial commentator Jeff Matthews. The first book-length account of the meeting, Pilgrimage to Warren Buffet's Omaha, offers readers a skeptic's up-close-and-personal look at Nebraska's notorious financial hoedown. Literate, funny, and informed by the author's keen financial savvy, the book also provides answers to many previously unanswered questions about Buffet and the Berkshire Hathaway family of companies.

From the Back Cover

Welcome to the “WOODSTOCK OF CAPITALISM”

Omaha Nebraska, Saturday May 3, 2008 The nation’s largest mortgage lender, Countrywide Credit, has collapsed after 38 years of making home loans—-a victim of its own aggressive lending practices, soaring loan losses, and a credit squeeze that forced it to sell out at a fire-sale price.

Bear Stearns, which survived the Crash of 1929 without a single layoff and ranked among the top investment banks in the United States, virtually disappeared overnight after 85 years on Wall Street. Only an 11th hour rescue by JP Morgan and the U.S. Treasury prevented a world-wide financial meltdown.

And 31,000 people have converged on Omaha to hear what Warren Buffett thinks will happen now.

The “Oracle of Omaha” is in the building.

“After reading Pilgrimage to Warren Buffett’s Omaha, my view of Buffett has been radically changed. Jeff Matthews reveals some of Warren Buffett’s most interesting professional foibles and personal blemishes.”—Douglas A. Kass, Seabreeze Partners Management Inc.


Inside This Book (Learn More)
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Front Cover | Copyright | Table of Contents | Excerpt | Index
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Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting
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Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting 5.0 out of 5 stars (2)
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3 of 3 people found the following review helpful:
5.0 out of 5 stars Insightful report on Buffett's annual meeting, 29 July 2009
By Rolf Dobelli "getAbstract.com" (Switzerland) - See all my reviews
(TOP 50 REVIEWER)    (REAL NAME)   
Hedge fund expert Jeff Matthews is one of the "Omaha pilgrims" who can't wait to attend Berkshire Hathaway's annual shareholder meeting each May. He sees Berkshire Chairman and CEO Warren Buffett as "John, Paul, George and Ringo, all rolled into one." Buffett and his partner, Vice Chairman Charlie Munger, give everyone a good time at the "Warren and Charlie Show." Usually the opener is a cartoon depicting the two men in some goofy escapade. Buffett plays the ukulele (on video). Board member Bill Gates signs autographs. Singer Jimmy Buffett (no relation) often entertains. The stockholders love everything about Berkshire, as well they should. A person who put $10,000 into its stock when Buffett took it over in the mid-1960s saw that investment reach $84 million at its peak, thanks to Buffett's prowess. getAbstract suggests that - if you can't attend the wonderfully kitschy annual shareholders' meeting (first requirement: pay tens of thousands of dollars for a single share of stock) - the next best thing is to read Matthews's book. Just learning how Buffett selects stocks would be worth the book's cost even if it weren't fun to read. And it is.
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5.0 out of 5 stars This is almost like a religion, 15 Nov 2009
By Mariusz Skonieczny "Author" (ClassicValueInvestors.blogspot.com) - See all my reviews
(REAL NAME)   
This book is about the experience of going to Omaha to the Berkshire Hathaway Annual Meeting. Usually airline companies fly with 81 percent occupancy, but during the annual meeting in Omaha, all the airlines are completely booked by passengers who purchased their tickets way in advance. People who come to see Warren Buffett represent sort of a cult as Charlie Munger once said.

Unlike during other annual meetings, shareholders get a chance to ask questions. But there are rules:

* State your name and hometown
* Ask your question promptly; speak loud and clear
* Do not ask more than one question or attempt to "bundle" several questions together

Because this book was published in 2009, it contains very current information on subjects such as the subprime crisis, which according to Buffett, was caused by dumb lending and dumb borrowing. I like how every chapter starts with a quote from different individuals, but most of them are from Buffett and Munger. This is a great book about a great investor and his "cult."

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
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