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Welcome to Woodstock for Capitalists
Submitted on 05/04/2007
Last week, Billy Joel, 57, rocked 17,000-plus people at Omaha's Qwest Centre, the Piano Man's first concert in the city in 21 years. This weekend, several thousand more people are set to be rocked there by a hometown favourite, nearly two decades older, who plays the ukulele and isn't known for carrying a tune.
A long line of Berkshire Hathaway shareholders will queue before the arena's 7am opening for the annual meeting of Warren Buffett's company.The meeting is the focus of a weekend the world's second-richest person calls "Woodstock for Capitalists".
"It's the very best of American capitalism," said Mohnish Pabrai, who invests US$500 million ($680 million), including US$30 million in Berkshire, at Pabrai Investment Funds in Irvine, California.
"For nutcases like me, it's like being at Woodstock," said Pabrai, who was five during the 1969 music festival. "I was in Mumbai at the time, it was a little hard to go." He's attending his 10th Berkshire meeting.
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