Chief Executive Officer, Berkshire Hathaway, Omaha, NE, USA (Headquarter Visit)
Mr. Buffett, the world's best known investor and one of the world's richest persons, has repeatedly invited Dr. George Athanassakos, and his HBA and MBA Value Investing students to visit with him at the company's headquarters in Omaha, Nebraska. The itinerary involved a Q&A/tour at Nebraska Furniture Mart (A Berkshire Hathaway subsidiary), a Q&A with Mr. Buffett at the Berkshire Headquarters, and lunch with Mr. Buffett. The visit gave Ivey students a once in a life time opportunity to meet with one of the best value investors in the world, also known as “the Oracle of Omaha”.
Mr. Buffett is chairman and CEO of Berkshire Hathaway. Mr. Buffett was a student of Benjamin Graham at Columbia University and under Mr. Graham's guidance he learned his Value Investing skills. The Ivey Business School is one of only two Universities in the world to offer a formal program in Value Investing and Dr. Athanassakos' chair is named after Mr. Buffett's mentor Mr. Graham. Berkshire Hathaway's core business is insurance, including property and casualty insurance, reinsurance and specialty nonstandard insurance. In addition, Berkshire owns a diverse range of businesses including candy production, retail, home furnishings, encyclopedias, vacuum cleaners, jewellery sales, newspaper publishing, manufacturing and distribution of uniforms and manufacturing, importing and distribution of footwear. Under Mr. Buffett, the Company has averaged a 25%+ annual return to its shareholders for the last 30 years while employing large amounts of capital and minimal debt.
(March 31, 2008)
A Discussion between Mr. Warren Buffett, Dr. George Athanassakos and Ivey MBA and HBA students