This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kass: My Pilgrimage to Warren Buffett's Omaha

I quickly recalled that, at 20 years old, I experienced the Woodstock Music & Art Fair in August 1969 on Max Yasgur's farm in Bethel, New York, and now, 44 years later, I am going to ask Mr. Buffett questions at " the Woodstock of capitalism" in Omaha, Nebraska.

Going to the two Woodstocks in a half a century to me seems right, almost symmetrical and pretty cool.

Over the next week, I will be memorializing my pilgrimage to Omaha, Nebraska, to the Woodstock of capitalism, Berkshire Hathaway's annual shareholders meeting.

Today, I am going to chronicle how I went about doing my research on Warren Buffett's Berkshire Hathaway as well as outline what I expect to accomplish on Saturday (and what Mr. Buffett likely expects of me).

On Tuesday, I will cite the similarities between Warren Buffett and myself -- I was surprised at how many things we have in common, though it certainly isn't our net worths!

On Wednesday, I will outline a number of things I have learned about Warren Buffett (and his cabal) and Berkshire Hathaway -- many of which will surprise and shock you, some may even make you laugh.

On Thursday, I go on the road to Omaha, and I will be sending out regular dispatches of the experience.

Daniel in the Lion's Den

Let me start by making an observation.

Inviting a bear to an annual shareholders meeting is unusual; it might even be unprecedented.

But, to me, it shows the uniqueness of Warren Buffett. It also, as seen in this Star Trek video, underscores the measure of the man (intelligent, self-aware and willing to be judged by how he treats others).

Bears are not invited to annual shareholders meeting -- as personae non gratae, they are more apt to be quarantined from earnings calls and conferences, let alone be invited to ask hard-hitting questions in front of legions of admirers that descend upon the auditorium in Omaha.

This is the challenge. Both Berkshire Hathaway and Warren Buffett already have been scrutinized thoroughly by analysts, journalists, pundits and biographers -- there is little unknown about both.

The difficult challenge I face is to ask original questions (some that have never been asked) that might divulge new information and insights about Berkshire and Buffett.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV


DOW 17,674.16 -101.96 -0.57%
S&P 500 2,056.64 -11.25 -0.54%
NASDAQ 4,860.3230 -40.5620 -0.83%

Our Tweets

Partners Compare Online Brokers

Top Rated Stocks Top Rated Funds Top Rated ETFs