This Day On The Street
Continue to site
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: Conversing With the Oracle

The group was animated, and it was a very festive dinner. The conversation was great -- far better than the steaks! Our discussions circled around Berkshire Hathaway -- I told the group about a lot of " little known facts" I had learned about Warren, and I entertained the group with some commonalities between The Oracle and myself.

Andrew reminisced about the previous meetings he had attended, and Steve Roth told some extraordinary stories about his experiences with Warren, who was on the board of directors of Vornado before Steve took control of the company in the late 1970s. Steve eventually bought out Warren's Vornado stock position! Others, like Lee, had equally interesting stories about Warren.

Later in the evening, Andrew -- who was, for the fifth year, a panelist at the annual meeting -- reminded me to have some alternative queries in the event that my questions were asked by others. Fortunately, I was already well-prepared for that.

Our three-hour dinner finally ended, and we returned to the hotel, where I finished off the edits to my questions.

Noah and I awoke early Saturday, had some coffee and ran over to the convention center to reserve seats for my buddies. Though we arrived nearly one-and-a-half hours early, the entire convention center's seating was almost completely filled!

We managed to reserve eight seats in the nosebleed section, though there was still a reasonable view of the stage.

After putting T-shirts on the chairs (thanks, Mikey, for that thoughtful present of "Go Dougie Go -- Omaha 2013" T-shirts for the group), Noah and I ventured down to the stage, where I was to present my questions.

From there we went into the exhibition area next to the convention center, where many of Berkshire Hathaway's subsidiaries were selling merchandise -- Fruit of the Loom, See's Candies, Benjamin Moore, Dairy Queen and so on. Even Geico had booths selling automobile insurance!

I spent nearly $250 on assorted merchandise to bring back to New York and Florida for my friends, and especially for two of my analysts -- Kelley Hopkins and Nick Pollari -- who helped me with my one-and-a-half months of researching for questions. Among the products I bought were Warren Buffett/Charlie Munger boxer shorts and Berkshire Hathaway hats and T-shirts. I even purchased five basketballs signed by "Handles," a member of the Harlem Globetrotters basketball team. (Naturally, "Sweet Georgia Brown," the Globetrotters theme song, was playing throughout the concession booths.)

Check Out Our Best Services for Investors

Action Alerts PLUS

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
Quant Ratings

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
Stocks Under $10

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
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs