Berkshire AGM
The famous Berkshire Hathaway Annual General Meeting takes place on the first weekend of May in Omaha, Nebraska. Also known as the Woodstock for Capitalists, the event attracts shareholders, students, value investors and many more from all over the world.
Many of the attendees are long time shareholders of Berkshire Hathaway who make the trip an annual pilgrimage of sort. Others are there to see Warren Buffett and Charlie Munger live for the first time answering questions from business to life in general.
The Berkshire AGM has a carnival atmosphere to it as business subsidiaries of the group hawk their wares in the large exhibition centre beside. Brands like Sees Candies, Diary Queens, Brooks and more offer special shareholders discounts making it an annual retail bonanza.
Besides discounts there are many value investing events which takes place before and after the AGM. At these events one can meet like minded investors to share their investment philosophy, trade stock ideas and learn from much each other.
If you are into value investing, the annual Berkshire Hathaway AGM is a fantastic opportunity to celebrate the time tested method pioneered by Benjamin Graham almost a century ago. Berkshire Hathaway stands as a epitome of buying a business less than that of its intrinsic value.
LATEST POSTS
-
The SRS Fund Dec 2023 Update
By the end of Nov, the SRS Funds barely broke even as the struggle was real throughout the year with much volatility. Much has been rumoured about a rally Santa brings around the year’s end which I have never witnessed in my short investment lifetime really did come true.
-
The SRS Fund Nov 2023 Update
Despite the Federal Reserve hawish stance on interest rate the month of Novemeber brings about a roller coaster ride on yield. First US 10 year bond yield touch 5% then very quickly reversed plunging quickly as data suggest a winning war against inflation.
-
The SRS Fund Oct 2023 Update
If there is one particular month to deploy cash this would be the month. The SRS Fund was not spared as the traditional blood-letting month lived up to its name bringing the funds back into slide negative territory for the year.
-
The Normalisation of the Yield Curve
Historically inversion of the yield curve had forewarned a recession in the making. After 2 decades of low-interest rates, runaway inflation post-Covid had finally pushed the federal reserves to increase the short-term rates at an unprecedented pace, now at over 5.5%.
-
The SRS Fund Sep 2023 Update
September was a rather non-eventful month in the stock market. However, I have continued to optimise the SRS Fund in its transition from a finance and REIT-heavy fund to an all-weather fund with less volatility.
-
Why is it worth topping up to SRS
Two sure things one cannot avoid in life, Death & Taxes. While avoiding both remains futile, we can try to live a longer life and pay less taxes. The SRS now allows for contributions of up to $15,300 for annual tax relief. However, 50% of SRS withdrawal is also taxed at the then prevailing tax…
MYNEST.SG 