Every May, thousands made a pilgrimage to Omaha, Nebraska in America's heartland to attend a meeting that is unique in global business. On Saturday May 6, 2006 this year, Berkshire Hathaway's Chairman and CEO Warren E. Buffett (the second richest man in the world after Bill Gates of Microsoft) and Vice-Chairman Charles T. Munger (his long-time friend and partner) welcomed 24,000 devotees to the Quest Center in downtown Omaha for an event that has been dubbed a "Woodstock for Capitalists."
Attending the Berkshire annual meeting is a transformational experience - those who attend receive priceless lessons in business, investing, and life. Long time shareholders have also profited handsomely – a share of Berkshire Hathaway could have been purchased for $70 per share in 1971 and now sells for over $90000 – a compound return of more than 23% per year (With characteristic cautiousness, Buffett warns attendees each year that Berkshire's current size virtually guarantees that future price appreciation will not approach the levels of the past).
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Attending the Berkshire annual meeting is a transformational experience - those who attend receive priceless lessons in business, investing, and life. Long time shareholders have also profited handsomely – a share of Berkshire Hathaway could have been purchased for $70 per share in 1971 and now sells for over $90000 – a compound return of more than 23% per year (With characteristic cautiousness, Buffett warns attendees each year that Berkshire's current size virtually guarantees that future price appreciation will not approach the levels of the past).
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