Different Way to Look at Cost of Meeting

Sun, 05/02/2010 - 16:28

Got an interesting email from someone who attended and reflected that "between the hotels, airlines, rental cars and restaurants, it cost 20 to 30 post-split B shares to attend BRK's annual meeting." I gather this shareholder did not go shopping at Borsheim's :-)

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Mon, 05/03/2010 - 12:55 — Anonymous

Attending the BRK annual meeting

I was just thinking about this myself.

The way I was looking at it was this:

I always aim to travel abroad once a year if I can (from Ireland, currently living in Germany). I wanted to use one of my annual holidays to go to the USA. I've been to the USA twice before, but wanted to go back.

If I'm going to spend money on flights and a hotel anyway, which I am, and spend money on restaurants etc anyway, which I am, then maybe I should do it by visiting Omaha Nebraska for a BRK annual meeting.

I don't think I would go every year, but it would be fascinating to go at least once.

It would be very expensive to go just for the meeting, but by combining it with a general holiday in the USA, it could be interesting.

On another note, I think it's good that shareholders even have this option. The mutual fund I was using before had only the option of a 10-minute meeting in South England once per year. The fund company did this specifically to try to dissuade people from showing up. Also, they wanted us to give the managers our proxy votes for this meeting.

I was a little annoyed by their approach, so I think it's good that BRK shareholders actually have something worthwhile to go to!

Mon, 05/03/2010 - 16:07 — aliceschroeder

meeting

when people who have never been ask me i always tell them to go. if you've never been it is definitely worth it. there are only going to be so many more of these and after they are over people will look back and be so happy that they were there.

people who have attended for a number of years ... the marginal utility has gone down.

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