Pin It
Favorite

Book Review 

by DOUG NADVORNICK & r & & r & A Weekend with Warren Buffett & r & by Randy Cepuch & r & & r & & lt;span class= "dropcap " & E & lt;/span & very year, on the first Saturday in May, about 20,000 people meet at an arena in Omaha, Nebraska. They're there to hear billionaire Warren Buffett, Omaha resident and Berkshire Hathaway chairman, at his company's required annual shareholder meeting. (Never heard of Berkshire Hathaway? It owns GEICO, Dairy Queen and other companies and holds significant shares of several other major corporations.)





Financial writer Randy Cepuch has long owned BH stock because he admires Buffett, a man he calls "the business world's equivalent of Captain Kangaroo -- smart, amusing, moral and beloved."





In the opening chapter, Cepuch takes us to one BH shareholder meeting, in which Buffett and his board quickly dispense with their business. Then "Buffett and [BH vice chair Charlie] Munger open a can of Sees peanut brittle and Buffett announces, 'We'll be here for six hours or until the candy runs out.'"





The "Wizard of Omaha" answers questions from his "partners," and offers advice when asked. When Buffett calls a halt to the proceedings, "I find myself simultaneously refreshed and exhausted," Cepuch writes. "What Buffett does must be quite rare. After all, how many top executives would really let people see the man behind the curtain, the way he's so willing to do?"





That's the premise that drives A Weekend with Warren Buffett and Other Shareholder Meeting Adventures. How well do companies treat their shareholders at their annual meetings?





Cepuch attended more than 50 of these gatherings. While Berkshire Hathaway is his favorite, Google, eBay and Bowl America get high marks too. So does Wal-Mart, where the business meeting is part pep rally: "Finally, the troops are dismissed and the non-employees are invited down to the stage to mingle with the executive team and ask questions," Cepuch writes. "I'm impressed at how thoughtfully the Wal-Mart bigwigs deal with problems large and small."





The stinkers on the list? Playboy, Disney and Microsoft, which features a bored Bill Gates and his "report on how he thinks Microsoft will change the world in the next twelve months ... full of geek hyperbole."


Cepuch's moral? If you own stocks, do your homework.

  • Pin It

Latest in News

  • An Eye for Every Storm
  • An Eye for Every Storm

    After losing out to Idaho Falls, Coeur d'Alene gets its crisis center; now the city has to prove it works
    • Feb 4, 2016
  • 'Evil Intent'
  • 'Evil Intent'

    Monique Cotton resigns from Spokane's parks division; plus, Washington state lawmakers take up the issue of police violence
    • Feb 4, 2016
  • The Macy's Plan
  • The Macy's Plan

    Council President Ben Stuckart doesn't just want to sit back and let the market decide what happens to the Macy's building
    • Feb 4, 2016
  • More »

Comments

Subscribe to this thread:

Add a comment

Today | Sat | Sun | Mon | Tue | Wed | Thu
Treasure!

Treasure! @ Northwest Museum of Arts & Culture

Wednesdays-Sundays. Continues through May 15

All of today's events | Staff Picks

More by n/a

  • Iron Upgrade
  • Iron Upgrade

    The new one is smart and funny and action-packed, and it’s bigger and better and sleeker. And Downey does it again, this time ramping up Stark’s arrogant wisecracking, telling anyone who’ll listen (mostly women) that, via the creation of his powerful Iron Man suit, he’s brought years of uninterrupted peace to the world.
    • May 12, 2010
  • Seeing Gay
  • Seeing Gay

    A festival showing GLBT from all angles
    • Nov 9, 2009
  • Get Out the Vote
  • Get Out the Vote

    With all the uncertainty in the world these days, hot wings and cold beer are two things we can get behind
    • Nov 9, 2009
  • More »

Most Commented On

  • Sacred Mt. Spokane

    Economic possibility is not a good enough reason to destroy the Spokane Tribe's holy land
    • Jan 14, 2016
  • White Men With Guns

    The illegal occupation in eastern Oregon is the epitome of white privilege
    • Jan 7, 2016
  • More »

Top Tags in
News & Comment

ELECTION 2016


Comment


Briefs


Marijuana


trail mix


Readers also liked…

  • The Volume Dial
  • The Volume Dial

    Are businesses creating a more peaceful downtown through a new noise ordinance — or a more boring one?
    • May 25, 2011
  • Fracking Idaho
  • Fracking Idaho

    Idaho's first commercial natural gas wells come to life, raising questions about a controversial mining technique.
    • May 25, 2011

© 2016 Inlander
Website powered by Foundation