BERKSHIRE HATHAWAY SHAREHOLDER MEETING 2020

Preston and Stig are attending the 2020 Berkshire Hathaway Shareholders Meeting, Saturday May 2nd. We have prepared a guide for those who are joining the annual event.

WHO ARE WE?

The Investor’s Podcast Network is founded by Preston Pysh and Stig Brodersen. Like you, they are big fans of Warren Buffett and every year, The Investor’s Podcast Network organize FREE events during the Berkshire Hathaway Annual Shareholders Meeting weekend. Today, we’re the largest organized group at the event. The weekend is all about learning directly from Warren Buffett and Charlie Munger, networking with fellow listeners of our podcast shows, and making new friends. We hope you will join us!

WHO CAN GO AND HOW?

Anyone can attend the Berkshire Hathaway Annual Shareholders Meeting who holds at least one share of stock. You may be wondering if you need to own an expensive $300,000 share of BRK.A stock. You don’t! In fact, you only need to own 1 share of BRK.B stock (around $200) to get the credentials to attend the meeting.

Your credential is a badge on a lanyard that you’ll wear around your neck in order to get into the CHI Health Center Omaha (formerly CenturyLink Center), where the meeting is held. Without this badge, you won’t be able to attend the meeting. If you plan on going, you’ll definitely want to ensure you’re in fact a shareholder. Here’s the process to get credentials for the Berkshire Hathaway Annual Shareholders Meeting:

1. If you receive a hard copy of the annual report, you can tear out the perforated proxy card on the back, check to attend the meeting, and mail it in requesting 4 passes. This is the best way to get your credentials. If you get an electronic version of your annual report, you will need to contact your broker’s Corporate Actions Team.

2. The Action Team will give you a 12-digit control number and tell you to go to proxyvote.com and enter the control number. After entering the number at proxyvote.com, you will check the box at the bottom of the form requesting the desire to attend the annual meeting. You will receive a confirmation email for the meeting.

3. Depending on how early you register, it could take a few weeks or months to receive your credentials because Berkshire’s third-party mailing service is continually sending them out over the course of several weeks. When the credentials come, there are typically 4 badges that are sent. If you are a shareholder and aren’t able to receive your credentials, you can visit the lobby of the CHI Health Center Omaha, which is open from 11:00 am to 6:00 pm on Friday and 7:00 am to 4:00 pm on Saturday. You will need to bring a photo ID and proof of ownership.

4. Please note that The Investor’s Podcast Network does NOT give away credentials. Please also feel free to ask anyone on our forum if they have any spare credentials.

HOTEL AND VEHICLE

Purchase your plane tickets and hotel rooms early!

Some shareholders have talked about renting a house or room through Airbnb. This is a much more affordable way to stay in Omaha. Additionally, you might even be able to rent out a house with some other forum members if interested. If you would like to try and share a room with any of the members of the community, be sure to talk to folks on our forum. Please also make sure to join our WhatsApp group to meet up and stay in touch with other members of the TIP Community. You request access by sending an email to contact@theinvestorspodcast.com

You can rent a car at the airport, or have the hotel shuttle run you to all the different events. Be sure to check with your hotel to ensure they have a shuttle service before relying on it. If you get in a bind, there’s always Lyft and Uber.

Where are Preston and Stig Staying?

Preston and Stig are staying at Hilton Garden Inn in Council Bluffs 5 miles away from the location of the Berkshire Hathaway Annual Shareholders Meeting. Because of the meeting, you’ll be going to Omaha on the most expensive weekend of the year(!), and you can expect the cost to be more than $300 per night for a 3-star hotel. The Hilton Garden Inn is no different, so please do not read this as an endorsement of the hotel – The Investor’s Podcast Network is overpaying just like you!

There will be no event or meetup at the hotel, but often you’ll run into other TIPs at the hotel. Preston and Stig do not have a car there, but rely on a Lyft or an Uber throughout the weekend.

ASKING QUESTIONS DURING THE MEETING

There are two ways to get a question answered during the meeting:

  • By submitting your question to the selected journalists below
  • By being one of the drawing winners at 8:15 a.m. on the day of the meeting

The journalists and their e-mail addresses are:

From the questions submitted, each journalist will choose the dozen or so he or she decides are the most interesting and important. In your e-mail, let the journalist know if you would like your name mentioned if your question is selected.

SCHEDULE

FRIDAY: DRINKS

Location: Bricks & Mortar – Old Market
Date: 1 May 2020
Time: 6:30pm – 9:30pm
Address: 1037 Jones Street, Omaha, NE 68102
Number: +1 (402) 344-0200

SATURDAY: BERKSHIRE HATHAWAY ANNUAL MEETING

Date: 2 May 2020
Time: 4:50am – 4:30pm
Address: CHI Health Center Omaha (formerly CenturyLink Center), 455 North 10th Street, Downtown Omaha, NE 68102

  • The doors open at 7:00am local time. However, if you wait to arrive then, you will not get good seats due to the “first come first serve” system. Most people try to arrive at the CHI Health Center Omaha by 5:00am, so we try to front-run the line by 10 minutes (hence the 4:50am call time). The location we’ll meet at is indicated on the map below.
  • If you’re driving and using Google Maps, be sure you go to CHI Health Center Omaha (formerly CenturyLink Center) with the address: 455 North 10th Street, Downtown Omaha, NE 68102.
  • At 4:50am, we will meet at the statue located just in front of CHI Health Center Omaha’s main entrance, which you can see on the picture below.
  • At 5:00am, once our group is together, we will line up at the main entrance, directly in front of the statue.
  • At 7:00am, after we’re in the building and through security, walk (or run) right until you get to a set of stairs (which will also be on your right). Go up the stairs. Once up the stairs, Section 123 should be slightly to your left. Grab your seat!
SATURDAY: DRINKS

Location: Upstream Brewing Company
Date: 2 May 2020
Time: 7:30pm – 2:00am
Address: 514 S 11th Street, Omaha, NE 68102

CLOSING REMARKS

Please continue to check this page and also the forum message board. The Investor’s Podcast Network will continue to provide updates pertaining to the progress and planning of the trip. This should be an amazing opportunity to network and meet other individuals with similar interests and passions.

In the meantime make sure to check out our review of the 2019 Berkshire Hathaway Annual Shareholders Meeting.

The Investor’s Podcast Network is the leading global investment podcast with 30 million+ downloads and counting. Every week, we cover a wide range of the hottest topics in the financial world. Make sure to listen to our episodes about our previous Berkshire Hathaway Shareholder’s Meetings.

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TIP246: Part 2 Berkshire Hathaway Shareholders Meeting Q&A

Once a year Billionaires Warren Buffett and Charlie Munger hold their annual shareholder meeting for Berkshire Hathaway. This episode covers four interesting questions that Buffett and Munger were asked during the meeting.

In this episode, you’ll learn:

  • If Warren Buffett would invest in an index fund with his excess cash of more than $100B?
  • How do I decide where to start when building my circle of competences?
  • Why Warren Buffett has a different view on Corporate Governance than Corporate America
  • How Warren Buffett thinks about AI and machine learning, and if it will change the landscape of employment
  • Ask The Investors: How do I value emerging moats?

TIP245: Part 1 Berkshire Hathaway Shareholders Meeting Q&A

Once a year Billionaires Warren Buffett and Charlie Munger hold their annual shareholder meeting for Berkshire Hathaway. This episode covers four interesting questions that Buffett and Munger were asked during the meeting.

In this episode, you’ll learn:

  • Why Warren Buffett bought back more shares in Q1 2019 than all of 2018
  • Why Warren Buffett thinks he overpaid for Kraft Heinz
  • Warren Buffett’s advice to aspiring money managers
  • What Warren Buffett thinks about his position in Apple
  • Ask The Investors: What is your opinion on leveraged buybacks?

TIP196: Attending The 2018 Berkshire Hathaway Shareholder’s Meeting (Part II)

In this episode, Preston and Stig talk about their experience of attending the 2018 Berkshire Hathaway Shareholder’s meeting. The Investors play five of the best Q&A that occurred during the meeting. After each question, Preston and Stig provide their feedback and analysis on Buffett and Munger’s responses.

In this episode, you’ll learn:

  • If Elon Musk is right about Warren Buffett’s being wrong about competitive advantage?
  • Why Warren Buffett won’t invest in cryptocurrencies
  • Why many Berkshire Hathaway’s employees can’t invest accordingly to Buffett’s principles in their 401K
  • Why Warren Buffett would rather hire a person who applies chapter 8 of The Intelligent Investor than a top student from a top business school
  • What Charlie Munger and Warren Buffett think about Machine Intelligence and stock investing in the future

TIP195: Attending The 2018 Berkshire Hathaway Shareholder’s Meeting

In this first part episode, Preston and Stig talk about their amazing experience from meeting up with the TIP community in Omaha for the Berkshire Hathaway annual shareholder meeting. In this episode, you’ll also hear Warren Buffett’s answer to the best questions asked by the shareholders for the 2018 meeting. After hearing each response by Buffett and Munger, Preston and Stig’s provide their analysis of the discussion.

In this episode, you’ll learn:

  • If Buffett plans to sell his investment in Well’s Fargo after the recent scandal?
  • How the new accounting rules change the way investors value companies
  • If Buffett wants to pay a special dividend as Berkshire Hathaway is approaching a $150B cash position
  • How Buffett would invest differently if he only had $1B in his portfolio
  • How Buffett evaluates the attractiveness of bonds

TIP141: (Part II) Attending The 2017 Berkshire Hathaway Shareholder’s Meeting

In this second part episode, Preston and Stig play the best questions and answers from the 2017 Berkshire Hathaway Shareholder’s meeting. After hearing each response by Buffett and Munger, Preston and Stig provide their analysis of the discussion.

In this episode, you’ll learn:

  • How Warren Buffett estimates the intrinsic value of Berkshire Hathaway
  • How artificial intelligence might impact Berkshire Hathaway
  • What Warren Buffett has learned about investing in the last decade
  • Warren Buffett and Charlie’s forecast about economic growth

TIP140: Attending The 2017 Berkshire Hathaway Shareholder’s Meeting

In this first part episode, Preston and Stig talk about their amazing experience from meeting up with the TIP community in Omaha for the Berkshire Hathaway annual shareholder meeting. In this episode, you’ll also hear Warren Buffett’s answer to the best questions asked by the shareholders for the 2017 meeting. After hearing each response by Buffett and Munger, Preston and Stig’s provide their analysis of the discussion.

In this episode, you’ll learn:

  • Why Warren Buffett recently sold IBM stocks and bought Apple instead
  • How much Warren Buffett thinks the Berkshire stock will compound its intrinsic value over the next 10 years
  • Why Warren Buffett regrets not investing in Google
  • Why Warren Buffett is a great stock picker, but an even better business owner

TIP087: Attending The Berkshire Hathaway Shareholder’s Meeting

In this episode Preston and Stig talk about their amazing experience from meeting up with the TIP community in Omaha for the Berkshire Hathaway annual shareholder meeting. In this episode you’ll also hear Warren Buffett’s answer to the five best questions asked by the shareholders for the 2016 meeting, and Preston and Stig’s discussion of his response.

In this episode, you’ll learn:

  • How it is to attend Warren Buffett’s annual shareholder meeting
  • If negative interest rates have changed how Warren Buffett is valuating stocks
  • How you can run a company with negative net working capital
  • How Warren Buffett is currently looking at the real estate market
  • Why Warren Buffett doesn’t want to discuss IBM

TIP042: Warren Buffett’s Shareholder Letters

This article provides an overview of Preston and Stig’s discussion of Warren Buffett’s company Berkshire Hathaway and his educational letters to shareholders.

This article and podcast answers the following questions:

  • What is Berkshire Hathaway’s business model?
  • What is the secret to Berkshire Hathaway’s success?
  • Ask the Investors: How would Benjamin Graham invest in an index fund?

© TIP Academy content is for educational purposes only. The calculators, videos, recommendations and general investment ideas are not to be actioned with real money. Contact a professional and certified financial advisor before making any financial decisions. Preston Pysh and Stig Brodersen are not professional money managers or financial advisors. The Investor’s Podcast and parent companies that own The Investor’s Podcast are not responsible for financial decisions made from using this course or the tools provided in the course.