Well, well, well. At a time when most CEOs are dreading their own annual shareholder meetings (remember our Liz McDonald reporting that security guards were checking Citi shareholders' bags for fruit in case they'd try to throw it at the meeting?!!), Warren Buffett of Berkshire Hathaway (BRK) is throwing his massive, annual party under the big-top in Omaha, Nebraska. The wonderful Fox Business crew of 9 including me landed in Omaha yesterday, along with some 30 thousand BRK shareholders for Buffett's capitalist fest he throws every year.
The first thing you notice the minute you get into town are people walking around with huge shareholder passes shaped like beach balls around their necks. The theme this year involves the "beach party" idea because there are barbecues all over town for the shareholders. I and the crew find this beach idea hilarious because right now we're enduring thunderstorms and serious rain. No worries though, we've got our sunny disposition! Fox Business will be LIVE LIVE LIVE all weekend long, starting at 2pm ET today. I'll be live at BRK-owned Borsheim's Jewelry... one crazy-huge store with diamonds and gold and you-name-it-they-have-it jewelry inventory. Our guests include Buffett's broker of 3 decades, John Freund. He's extremely private for obvious reasons but will give you the story today on Fox Business about what it's like to make all of Buffett's trades. Can you imagine getting a call in the middle of the night from Warren Buffett? "Hi John, please buy 12 million shares of....." We're thrilled John will be joining us.
Andy Kilpatrick wrote a huge 11 pound biography of Buffett so he'll be there, along with BRK shareholders Bill Scargle and Mario Gabelli of GAMCO, not to mention the CEO of Borsheim's. Susan Jacques started decades ago there as a $4 dollar an hour sales associate and today runs the place.
And folks, remember, hop on www.foxbusiness.com tomorrow beginning at 9am. I'll be live blogging from the annual meeting, letting you know the very latest news and what WArren and his co-hort Charlie Munger are saying.
Then, tune in to Fox Business at 7pm ET Saturday night for a LIVE wrap-up from the BRK-owned Nebraska Furniture Mart that includes an interview with Warren Buffett himself, along with the CEO of BRK-owned See's chocolates (Buffett inhales the fudge and peanut brittle during the meeting), the CEO of NetJets, and Bob Batt, one of the big "machers" over at the Nebraska Furniture Mart.
Gang, I can't tell you how interesting the next 3 days are going to be, culminating MONDAY MORNING, LIVE ON FOX BUSINESS, AN HOUR-LONG SIT-DOWN INTERVIEW WITH WARREN BUFFETT... and.... you never know just who might show up to join him...I'm tellin' ya, you'll get it all on Fox Business!
