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There are several ways to participate in Berkshire Hathaway's Annual Shareholder Meeting, which will be held this May 4th in Omaha.
You can buy at least one Berkshire Hathaway share which, starting May 3rd, is worth $ 328,200 for a clbad A share and $ 215.93 for the more affordable clbad B option. You can also visit a website such as Craigslist or eBay and get a replacement shareholder pbad for around $ 10 US.
Berkshire takes a lax approach to meeting access. Each shareholder obtains four pbades, without explicit stipulation on transferability or resale. There is no barcode; it's just a plastic card on a cord. This pbad is needed to enter the long-running Q & A session with Berkshire President Warren Buffett and Vice President Charlie Munger. It is also necessary to enter one of the stores offering substantial discounts to shareholders. Aside from a walk in the arena detector of the CHI Health Center arena, meeting venue, there is no other scan or ID check.
The growing popularity of the weekend festival known as "Woodstock for Capitalists" has appropriately spawned a secondary market of services to help people enter. Dozens of shareholder pbad lists for this year's meeting have been posted online in recent weeks, ranging from $ 5 to $ 25 each. A shareholder named Jason, who is offering Craigslist pbades, tells Quartz that the demand was much better before the creation of relatively affordable Clbad B shares in 2010, but that going to the secondary market was worth the trouble.
The purchase of a pbad is a profitable investment for Buffett fans, but also for discount shoppers.
Locals reserve hours in advance to enter the CHI Health Center market, which is home to ephemeral shops offering discounted products from Berkshire-owned businesses. Some families buy underwear all year long at the popular Fruit of the Loom booth, which is protected by bouncers in the ear and a velvet rope to handle a line of dozens of meters. Others offer discounted items from the Nebraska Furniture Mart chain in Berkshire based in Omaha (example: a $ 679.99 La-Z-Boy leather recliner reduces to $ 563.59). The latter does not even require travel to Omaha: the discount is valid at all four chain stores, including Kansas, Iowa and Texas (most online pbad sellers offer 39, shipping to customers from outside the city.).
Those interested in the meeting itself may also engage in the tedious process of queuing in the night before dawn to take a seat on the ground. Since Omaha still does not figure among the 42 US metropolitan areas covered by TaskRabbit or other online applications, local resident Darren Hromadka launched InLine4You just before the event. 39, last year. He said he drew dozens of bookings this year and last year. Independent chaperones are also announced directly on Craigslist.
Hiring a guardian of the line can seem like an extravagance beside the simple tastes of the Berkshire president. But Buffett himself gave this idea his blessing. Paying someone to line up, he told The Wall Street Journal in 2017, is "probably what I would do".
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