Buffett Trip Preparation

Warren Buffett invited 25 UC Davis MBA students to visit his office in Omaha, Nebraska, on March 13th. As a first-year MBA student, I was fortunate to be one of those selected to go on the trip as I was on waitlist one day before the mandatory meeting on Feb 1st. To prepare for the trip, the UC Davis MBA students met two times to discuss Berkshire Hathaway’s history, Buffett’s career, personal life, current economic situation and the value investing strategies that have made him the world’s second richest person. Students planned volunteer work in Omaha as a way to recognize Buffett’s philanthropy and to thank him for his time. I've long admired Mr. Warren Buffett's investing acumen and track record leading Berkshire Hathaway.

Some interesting facts about Warren Buffett:

1. Warren Buffett bought his first share at age 11 and he now regrets that he started ltoo late.
2. He filed his tax return at age 13 and claimed bicycle and watch as $35 work expense for newspaper delivery boy job.
3. He bought a small farm at age 14 with savings from delivering newspapers.
4. He drives his own car (Cadillac PTS) everywhere and does not have a driver.
5. He still lives in the same three bedroom house in mid-town Omaha, that he bought for 31.5k (Now ~700k).
6. He never travels by private jet, although he owns the world's largest private jet company.
7. Warren Buffet does not carry a cell phone, nor has a computer on his desk.
8. His annual Salary is $100k (2006)
9. In 2006, announced plan to give away his fortune to charity, 83% to Gates foundation.
10. His favorite past time is playing bridge game.