A couple of days ago I bought a few Berkshire Hathaway “B” shares (NYSE:BRK.B). This is not because I’ve conducted a detailed analysis and discovered it is a deep value share – so I’m not recommending that others do likewise.
It’s merely because I have been invited over to Omaha and need to be a shareholder to attend the company’s AGM – a very educational experience, with Warren and Charlie answering questions on a wide range of topics for six hours. The other events surrounding the AGM are great for chatting with like-minded investors and Berkshire Hathaway luminaries.
I’ve been asked to give a talk at the Value Investors Conference running Thursday 3rd and Friday 4th May, on the subject of “Buffett Mistakes: Invert, Always Invert!” (http://www.valueinvestorconference.com/). I might write up my talk and post it in some newsletters before I go (but it might be stuff I’ve already passed onto you).
I’ve also been asked to sign books at the Value Investing Book event organised by Hudson Bookstores at Creightons University, Omaha (I’ll be signing The Deals of Warren Buffett, Vol 1, The Financial Times Guide to Value Investing, Great Investors and Harriman’s New Book of Investing rules: The Do’s and Don’ts of the World’s Best Investors). It’ll be great to meet you if you are in Omaha.
I intend to keep hold of my BH shares. Whether or not they are a deep value investment at the moment, I think they do just fine over the years. And besides I think I might be returning to Omaha for the next few AGMs (I’m supposed to produce the next book in the Deals of Warren Buffett series this summer and the final two in each of the next two summers, so they’ll be US book signings for those)
In fact, I’d better get back to writing. I’m working on one of Buffett’s greatest ever deals, the purchase of a large chunk of GEICO in 1976. I’ll post newsletters next week describing this extraordinary bargain.
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