A trip to Omaha, Nebraska, USA is like a pilgrimage. Muslims hope to visit Mecca once in a lifetime. In the olden days, Christians went to Jerusalem on crusades. As value investors, well, we should pay homage to the world’s greatest investor – Warren Buffett aka the Oracle of Omaha, by going to Berkshire Hathaway’s Annual General Meeting (AGM) for shareholders, maybe as many times as possible before things change.

For the uninitiated – Berkshire Hathaway is Warren Buffett’s investment vehicle which was a textile company that he bought 52 years ago. It went bankrupt but he used it to invest in other companies which then became the world’s largest conglomerate (4th largest company by market cap). Some people ask is it worth making the 30-hour flight just to see him? What’s the value add of doing that? What would he say that would be different from what he had …