Sage accommodation advice
NEXT month’s annual meeting of Warren Buffett’s Berkshire Hathaway in Omaha will be bigger than ever. The celebration of the 50th anniversary of the meetings, which attract more than 40,000 people a year to the normally low-key Nebraska town, will make the event particularly special.
Unhappy at the sharp spike in hotel prices each year, the 84-year-old Buffett has recommended some shareholders try online accommodation booking service, Airbnb. This is interesting given that many attendees are preppily-dressed fund managers and executives whose idea of the sharing economy would be using Berkshire Hathaway’s executive jet rental business NetJets. As an added incentive, Buffett is giving Airbnb access to his childhood home in Omaha as prize for a competition to attract interest to its offering. The three-night deal is estimated to have a retail value of $US2250.
There will be the usual shareholder discount sales at Berkshire Hathaway’s Borsheims jewellery store and the Nebraska Furniture store. The celebrations of “50 years of a profitable partnership” also include 50th anniversary items including a limited edition antique brass lapel pin.
Berkshire Hathaway’s clothing subsidiary, Fruit of the Loom is also doing its bit. There are special 2015 T-shirts allowing wearers to boast they are “The Next Warren Buffett”, in both adult and toddler sizes. The company is also selling “our softest, most comfortable Berky Boxers”, with prints bearing the 50-year logo. “A must have for every shareholder,” it declares, no doubt assuming they are all men or boxer short loving women. But, in the interests of equality, Fruit of the Loom is also offering Berky Bras. The custom made Lily of France sport bra is “accentuated with a touch of golden BRK bling” and “available in black and geranium.”
Warren Buffett keeps an eye on shareholders’ expenses