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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.
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.
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97% buy the item featured on this page: Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting £10.18 |
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