“I started going to Berkshire Hathaway annual meetings when they were in the National Indemnity lunch room and there were maybe six outsiders,” says Weitz. “I don’t know that I learned anything then that others who have followed Warren have caught on to 20 or 30 years later, but I was fortunate to have caught on to it early.”
Also fortunate was Weitz’s decision soon after he moved to Omaha to buy into Berkshire at $300 per share. “I sold a few at $600, thinking I could get back in at $400,but generally I’ve been long since about 1975 or so,” he says. Berkshire, now at $83,200 per share, remains his firm’s largest holding.
http://www.weitzfunds.com/FundProfiles/ValueInvestorInsight0805.pdf
Also fortunate was Weitz’s decision soon after he moved to Omaha to buy into Berkshire at $300 per share. “I sold a few at $600, thinking I could get back in at $400,but generally I’ve been long since about 1975 or so,” he says. Berkshire, now at $83,200 per share, remains his firm’s largest holding.
http://www.weitzfunds.com/FundProfiles/ValueInvestorInsight0805.pdf
