Sage ac­com­mo­da­tion ad­vice

The Australian - The Deal - - Firts up -

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

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