For “Hard-Core Addicts” Only: Chat With Buffett’s Sidekick Charlie Munger
11:06 am, June 30th | by Hillary Reinsberg
Last week, when Warren Buffett announced that Berkshire Hathaway would be buying up Wesco, long considered the “backdoor” (i.e. cheaper) avenue to investing with the Oracle of Omaha, certain Bufett devotees whimpered in despair. Investing with Berkshire or Wesco of course had spectacular appeal numbers-wise, but for many, part of the draw was going to shareholder meetings and getting to hear from Buffett and his amusing sidekick Charlie Munger, who ran Wesco.
For “hard-core addicts” who are worried they won’t get another chance to hear from Munger – a tough but hysterical straight shooter regarded as the only guy willing to stand up to Buffett – don’t fret. Munger will host “A Morning With Charlie” tomorrow in Pasadena, California, according to Bloomberg. Wesco’s website (which, to put it nicely, is just as “no frills” as Berkshire’s) says that “Charlie will make some opening remarks, and then he will take questions from the audience about business, economics and life.” Vague, yet wonderful.
Munger is clearly aware of the fact that certain investors follow Berkshire and Wesco with the fervor usually reserved for a favorite sports team, with Buffett and Munger the aging, but star players. Munger alluded to this lovable craziness at the April shareholder meeting saying of the upcoming Pasadena event, “It’s only for hard-core addicts.”
Hey A&E, how about an episode of Intervention for those who simply can’t kick the Berkshire Hathaway habit?