Biotech Values

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Berkshire Hathaway annual meeting

I go to a lot of annual meetings. The relevant companies have market caps ranging from ~$150M to a few billion dollars.

Typically I see low single digit other investors there who are not company insiders or the auditor.

When a company has a lot of hype associated with it - like a certain ethanol company a year ago or Geron anytime the earth is in orbit around the sun - there are typically a dozen or more. I think the most non-insiders I've ever seen at an annual meeting is ~30.

But I've seen pictures of annual meetings of the rock star companies - the Pfizers, the Microsofts, etc. I think a couple hundred is typical at these.

But this is news to me ... I knew Buffet was a cult figure and had investing gems of interest to many. But Jesus H. Christ! More investors attending a Berkshire Hathaway annual meeting that attend most baseball games??? Amazing!

>>This year at Mr. Buffett's annual gathering for shareholders -- often called "Woodstock for Capitalists" -- 31,000 Buffett enthusiasts were serenaded by Fruit of the Loom minstrels, enjoyed samples of Berkshire portfolio companies such as Dilly Bars and watched artist Michael Israel speed-paint a Buffett portrait with Benjamin Moore paints.<<

http://online.wsj.com/article/SB120990596389565539.html?mod=googlenews_wsj

Look at the photo!

Probably everybody knew how big the Berkeshire annual meetings were except me. In that case, sorry for a silly post.

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