Wednesday, April 14, 2010


Risk comes from not knowing what you're doing. – Warren E. Buffet

Did you know that flying non-stop from New York City to Omaha, Nebraska on the first weekend in May (2010) will cost more than flying from New York City to Paris, France on the same weekend? The annual Berkshire Hathaway shareholder meeting is probably the only time that more than a handful of people go to Omaha. Mr. Buffet, the Oracle of Omaha, calls it “Woodstock for capitalists”.
So, the capitalistic corporations of Delta and Continental have been capitalizing on the capitalists by steadily raising the price for airline tickets to the event such that the price is now four times the usual and customary rate. 35,000 shareholders attended last year and there is no reason to expect a drop off this year. Unfortunately, I will not be among the attendees this year but hope to go in one of the next few years. After all, the sagely Mr. Buffet won’t live forever and my desire to go would be reduced significantly if he were gone. The only regret I have ever had with respect to owning Berkshire Hathaway stock is that I didn’t buy in sooner.


Memphis MOJO said...

Oh! That Omaha, lol.

Grange95 said...

As a native Nebraskan, let me tell you people go to Omaha for a lot of reasons. Because it has a mall, for example.

Actually, if you get the chance, Omaha in spring or fall can be a great place for a weekend trip. The Old Market area downtown has some interesting shops and restaurants. Plus, Harrah's has a Horseshoe Casino in Council Bluffs, Iowa, a mere 5 minute drive from downtown Omaha. Some of the wildest 2/5 NL action you'll find, and a fairly regular game of ... yes, Omaha (usually limit, though).


Omaha is the largest city in the state of Nebraska, United States, and is the county seat of Douglas County.According to the 2008 estimate by the United States Census Bureau, Omaha's population was 438,646, making it the nation's 40th-largest city.