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If you've ever been to one of these meetings, and I have been to three, you cannot believe your rapidly aging eyes. I mean come on, who actually wears an ascot? What kind of skinflint brings his own PB&J in wax paper to avoid paying $7.50 for a Buffett approved ham sandwich and chips, Diet Coke extra? Is somebody really named Biff? How many facelifts can you fit into one picture with the Geico gecko? Does this bookstore have any books written by anybody not named Buffett or Munger?
I always thought going to annual meetings was all about getting free stuff. Oh trust me, the Berkshire meeting has nothing for free. You can buy anything. DQ Dilly Bars, Fruit of the Loom t-shirts, Geico cavemen action figures, cowboy boots, siding, windows or anything else that Buffet has his hands in. Buy. Buy. Buy. It's crazy.
Meanwhile, 17,000 people, along with thousands more watching on TV, are jammed into the Qwest Center arena to hear the preachings of Warren. They listen with gusto. They are creepily quiet as their shaman pontificates on that lousy economic system we all now know sucks. But this year? Warren (who I actually like by the way. I used to live down the street from him.) may actually get questions from worried disciples. Doubting Thomases may have infiltrated the bunker. It will be interesting.
One of the events advertised to the attendees is an invitation to go to the airport and look at all the private planes that jet in. Another event is to go to a high quality jewelry store and hobnob with the elite. Go to Dairy Queen, show your meeting credentials and get a free ice cream cone. Now we're talkin'.