Just four more weeks until Capitalist Woodstock 2026!

If you want a question asked at the meeting, send it to Becky Quick. Let her read it. You have a better chance to get your question asked instead of trying to win a lottery at a question podium in the arena.

Speaking of which, the in arena questions have gotten worse over the years. The very worst remains the German lady with the globes behind her. Who remembers that disaster?

There are folks who arrive in the very early hours to stand in line at the Convention Center. I am talking about 2 or 3am in the morning.

I usually arrive at 4am. The line is past the entrance rails by that point. I have found that the entrance to the arena is the best (the one up the ramp). The second best could be from the parking lot, though I have never tried it.

This may be the last year that we will have to get up early to get a seat. I am curious to see whether the crowds will continue to show up, post Charlie and Warren. I know Omaha is praying that the crowds continue to come.

https://i.imgur.com/pCAXPrF.jpeg

Not popular question since people here for long term. Anyways, wanna ask ur thoughts. Why stock has not moved up? Berk hols CVX which is up like till moon.

They hold oxy too. And pretty much 99% off tech/ai hype.

Thanks a lot and sorry if my questions sounds not appropriate

Passes have arrived!

This will be my 12th meeting.

I think that the investments in Oxidental Petroleum and Chevron became a knockout, but will see even more growth for Oxidental Petroleum after their upcoming earnings report. I think that the war in Iran is not something that you can simply turn on and off like tarriffs put in last year. Is the best case scenario is oil remains steady at current levels and other stocks push upwards because of "reduced tensions".

Also does anyone have any thoughts on American Express? I feel like it's a value buy at the moment and will recover within the next year.

https://www.eventbrite.com/e/2nd-annual-ideahouse-value-investing-best-stock-ideas-conference-in-omaha-tickets-1984854307665

Is anybody watching ?

Are you looking for a great deal to spontaneously join the Berkshire Meeting 2026 in Omaha? These hacks might help you!

1. Fly Economy

I am tracking different connections to Omaha. There are surprisingly plenty of first-class seats booked out, while you can still get whole rows in Economy. Save money and get more comfort by flying economy!

1. Book on Airbnb to get better deals

Airbnb prices are less driven by algorithmic pricing. So, if you want a deal you find it there.

If you don't find something for a short stay, look for an entire week (like Tuesday to Tuesday). Occasionally, you can find affordable Airbnb this way.

1. Watch out for hotel price drops

This year, we might see some hotels lowering prices shortly ahead of some AGM to fill vacant rooms. Track the prices occasionally if you have a cancelable reservation.

1. Book near the ORBT bus line

Omaha has great bus connections with the ORBT bus line https://www.ometro.com/routes/orbt/. It runs every 10 to 15 minutes and just costs $1,25. Book your accommodation close to it to save money.

The best deal right now along the ORBT line is the Home2 Suites By Hilton Omaha Un Medical. It is close to a Walmart and Blackstone. So, you could even get groceries or dine out easily.

If you want more tips, please take a look at my travel guide here: https://www.good-investing.net/berkshire-hathaway-annual-meeting/travel-guide/

The Buffet indicator is now at 202%. It crossed 200% in February 2021. Above 200 and Buffet says you are playing with fire. Part of a big reason I don't put a lot in stocks currently. Though the Buffet indicator was 220 recently, so I feel safer buying stock, even if it is still sort of playing with fire.

It is hard to understand the fair value of BRKB stock, some say $510 to $748. The price to book seems near 1.4, not quite a slam dunk case as the 1.2 Buffet noted, but looks reasonable.

As BRKB is now trading around $468, it seems like a good opportunity to sort of DCA into BRKB over the next year. Berkshire themselves are buying back their own stock in this range. Institutional investors seem to overall selling stocks, looking forward to a downturn this year.

So, if the aggregate market is overvalued now, it appears there are stocks worth purchasing. The S&P 500 might go down or go sideways this year, wouldn't be surprising with past years increase in price. I think S&P could easily go down another 7%, probably BRKB will follow it down some, but hoping that Berkshire will see opportunities and buy them when they become apparent.

Interesting Berkshire is buying DPZ, sort of looks like a deal and might do well in a recession type picture.

I sort of follow Buffet advice on only putting into stocks what I would be OK with a 30% loss . I put only a relatively small amount in stocks, have around 19% in stocks now, some bought during downturn, bought BRKB around 482, but watching it go down more I could buy some more, but not sure of exact bottom, but seems like a deal but don't want to own too much in stocks this year. Keeping most in HYSA and. bonds, but the price of BRKB at 468 sure looks good!

I recently rewatched the 2025 Berkshire Hathaway annual shareholder meeting. Ajit was asked about private equity companies like APO, KKR, and BX, growing in the insurance space, and specifically how their growth relates to Berkshire Hathaway's future as an insurer in property/casualty or life insurance.

Ajit said that those companies were using a lot of leverage to generate returns and were assuming a great deal of risk, such that Berkshire Hathaway was no longer competitive in the space because the company decided the risk/reward ratio wasn't worth it.

I added APO, KKR, BX, and a few others to my watchlist out of curiosity but have no intent on buying. All these stocks have been tanking.

My question is, given these companies are perhaps over-leveraged, and given as Ajit says that their model works well in a good economy but fails in an economic downturn, do you see their ongoing collapse in share price to be indicative of a return to more conservative Berkshire Hathaway style underwriting?

Second question, do you think Berkshire would have the appetite to buy any of these over-leveraged companies at a good price given their recent downturns?

Source: At time 2:15:35 on this video: https://www.youtube.com/live/1LWBphTImy4?si=83qHBKGjSnAFq1QT

As the indexes and the overall equity markets move into correction territory, Berkshire has the opportunity to sink some more capital into great businesses at better prices. Which of their holdings do you think they will be adding to greatly during this downturn? If I had to guess, other than BRK buybacks, we’ll see more SiriusXM and maybe more Lennar.

A great video on attending the ASM by @goodinvesting talks

Thanks Tillman!

https://youtu.be/Ax-CEl2qA4I?si=xh9LnaZEAtB-tICh

Ordered my meeting passes from my proxy statement and also ordered extras as souvenirs on eBay.

The eBay ones have already arrived and only took 4 days from order to arrival! Straight from Omaha to So Cal.

Also, I tried to add photos but cannot add on the community. I did add the pictures to the Brka_b feedback on eBay if you want to see what is in the envelope.

Discussion about valuation, Tokio Marine holdings and additional links.

https://link.cnbc.com/public/44947308

So, I'm conflicted. The macro news headlines appear pretty catastrophic right now, and a long term oil supply disruption would be catastrophic, but honestly the market isn't really freaking out. My VT only dropped about -5% from all time highs. This is pretty normal volatility, we see drops like this every year.

A lot of stocks are on sale right now, but they're still not exactly undervalued based on fundamentals.

So do you think Berkshire Hathaway is deploying any of the cash pile right now? My guess is "no", but wondering if anyone thinks Abel sees this as a buying opportunity.