Michigan Tech students attend Berkshire Hathaway Annual Shareholder’s Meeting

Written by: Anne Dancy (eadancy@mtu.edu)

After an exhausting week of final exams, we were so excited to go the Berkshire Hathaway Annual Shareholder’s meeting in Omaha, Nebraska! Friday night we attended the Cocktail Party for all shareholders at Borsheims, an upscale Jewelry store owned by Berkshire. We had a great time networking with businessmen, longtime shareholders, and a variety of other attendees. We were definitely younger than a majority of the people there, but that enabled us to easily start up conversations and tell others about Michigan Tech’s APMP.

On Saturday we started the morning bright and early at the Qwest Center. The stadium seating itself was overfilled, so we sat in one of a dozen ballrooms with a projector and watched the movie. The movie included excerpts from interviews with Mr. Buffett, new commercials for many of the companies he owns, a specially-made ‘Office’ episode staring Mr. Buffett alongside Steve Carell, and several songs rewritten with lyrics to reflect Berkshire Hathaway. After the movie, the most important part of the day- the actual meeting- began. Mr. Buffett discussed Berkshire’s performance over the past year and major events which affected their results. He also talked about his projections for next year and his opinion of the market in general.

After, we moved into the stadium for the question and answer session, where we sat about 50 yards from Warren Buffett and Charlie Munger! So close that we could hear the crunch of the peanut brittle Munger was nibbling all day! There were several hours of open questions for the public to address their issues directly with Buffett and Munger. We really enjoyed this session because it was enlightening to learn about their perspective on everything from different sectors of the market, future investments, and raising children. It was humbling being in the presence of such successful and intelligent individuals. I really gained a lot from this experience by learning from both the successes and failures in Buffett’s and Munger’s personal lives and careers, and I hope I can use this knowledge as I continue to pursue career options and make investment decisions.

Afterward, we explored the exposition of booths of all the companies owned by Berkshire Hathaway. There was a DQ booth where we snacked on ice cream, a Mars booth with candy bars, a BNSF Railroad booth with a big train set, a booth with every color and style of cowboy boots, a booth displaying an electric car, and much more! Overall, it was a fantastic day! We learned so much and
bonded as future teammates and mangers of the APMP portfolio. Now we are so excited to head back to school and use our new knowledge and enthusiasm to create another successful year with APMP.

We are very grateful that we had the opportunity to experience this meeting, and we hope students in the future will also be able to learn as much as we did!

Berkshire Hathaway Annual Shareholder’s meeting
Omaha, Nebraska
Thursday, April 28th- Sunday May 1st

Students who attended: Jake Carlson, Mike Harri, Bai Lu, and Anne Dancy