Synopses & Reviews
Every spring, Randy Cepuch spends a weekend wtih Warren Buffett. Mr. Buffett shares what he thinks of the world these days, provides an annual dose of common sense, and then sends him out the door. In general, it's an exercise that helps Cepuch stay out of serious trouble as an investor.
Oh, it's not just Cepuch and Buffett — there are 20,000 or so other people, all of whom are investors of Berkshire Hathaway, a huge conglomerate that sells everything from insurance to ice cream, and they flock to Omaha every spring for the company's shareholder meeting festivities. As Berkshire's CEO, Buffett takes on six hours' worth of any and all questions from the investors, riffing on life, love, and accounting, and more than anything, he makes sure that everyone feels welcome. When a shy woman prefaces her query apologetically, noting that she owns just a single share, Buffett responds, "Between us, we own the majority of the company."
In addition to a great deal of smart advice, the book is full of amusing anectdotes and stories, and a useful guide for the amateur shareholder as well as the seasoned investor.
Once a year, the managers of public companies have to fling open the doors and let the owners in whether they want to or not. A Weekend with Warren Buffett and Other Shareholder Meeting Adventures is a humorous, informative business-related travelogue that looks at how companies in the United States, the United Kingdom and Australia treat their investors during the brief period when the welcome mat is out. It's an Average Joe Investor's search for shareholder democracy and an occasional free lunch. Companies featured include Berkshire Hathaway, Citigroup, Dow Jones, Dupont, eBay, Gannett, Google, Hawaiian Electric, Hershey, MGM Grand, Microsoft, Otter Tail, Playboy, Starbucks, Tootsie Roll, Wal-Mart and Walt Disney, among others.
About the Author
Randy Cepuch is a financial writer with 25 years of experience helping millions of mutual fund shareholders in the United States, Canada, Mexico, Europe, Asia, and Australia to understand their investments. Currently, he is a securities dispute arbitrator.