One of the biggest hits from the just-concluded annual love fest for Warren Buffett showed the enduring popularity of the investing legend: plush, squishy toys featuring the billionaire and his business partner Charlie Munger.
, thousands thronged a convention hall in downtown Omaha, Nebraska, for five hours to buy discounted products from many Berkshire-owned brands.
Many said they were anxious to see Buffett and Munger - who are 92 and 99, respectively - while they still could. Some pledged to return even after they are no longer around or if the events are pared back.On Saturday, Buffett and Munger appeared before a full house in the city's 18,300-seat downtown arena. Thousands of shareholders lined up hours before doors opened at 7 a.m. to see them.
Cissy Zhang, a business consultant from Madison, Wisconsin, attending with her 5-year-old son and her parents, who both flew in from China, said she would attend "at least one more time. To operate this whole thing is teamwork. It's not just one man." "No," said Bill Smead, who runs Smead Capital Management in Phoenix. "These two guys were one in a trillion."For decades, Berkshire has been planning for the eventuality when Buffett, who has run the company since 1965 and Munger, a vice chairman since 1978, are no longer there.
At Saturday's meeting, Buffett and Munger discussed among many topics how mismanagement and greed were causes of this year's banking-sector turmoil.
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