Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Two Warren Buffett Books You Probably Haven't Read

When Warren Buffett thinks about the Berkshire Hathaway  (NYSE: BRK-A  ) (NYSE: BRK-B  ) annual meeting, there's one thing that's front-and-center in his mind: Shopping.

In the massive CenturyLink Center exhibit hall, Berkshire Hathaway companies set up shop for the thousands of Berkshire shareholders that flock to Omaha for the meeting. The amount of commerce that goes on is not insignificant. 

Here's what Buffett wrote about the 2013 annual meeting:

In a nine-hour period, we sold 1,062 pairs of Justin boots (that's a pair every 32 seconds), 12,792 pounds of See's candy, 11,162 Quikut knives (21 knives per minute) and 6,344 pairs of Wells Lamont gloves, always a hot item.

To close out my interview with Kase Capital's managing partner, Whitney Tilson, I asked what was in his Berkshire-meeting shopping bag. Among other things: Two Berkshire-related books that even many of the Berkshire faithful may not have read yet.

The books were:

In the video below, Tilson talks about both books, along with his other Berkshire-meeting purchases. A transcript follows the video.

Warren Buffett just bought nearly 9 million shares of this company
Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report details this company that already has over 50% market share. Just click HERE to discover more about this industry-leading stock... and join Buffett in his quest for a veritable landslide of profits!

Tilson: Yes, I always pick up some See's candy, which is my favorite. I picked up a nice new Berkshire Hathaway white polo shirt -- I play tennis -- and then I picked up two books; one, the book I showed you earlier, about the 3G guys who Buffett partnered with to buy Heinz, and another book that I wasn't even aware was out, about the women at Berkshire Hathaway.

My wife was here at the annual meeting last year and asked a question. I have three daughters and she said, "Mr. Buffett, Mr. Munger, I've got three daughters and I want them to be able to do anything in life. When I look at the top of corporate America, I don't see very many women. Is there a glass ceiling? Is this a problem, and what should we do about it?"

Buffett really engaged on this issue. I just noticed in the annual meeting film this morning, where they have pictures of all the Berkshire Hathaway CEOs, now a handful are women. Buffett is trying to be a leader in this area, so I'm really looking forward to reading this book to learn more about the women who have risen to the top of Berkshire Hathaway. Maybe if I like it, I'll have my wife and daughters read it.

Koppenheffer: Whitney Tilson, managing partner of Kase Capital, thanks again for joining us today.

Tilson: My pleasure.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2961269, ~/Articles/ArticleHandler.aspx, 8/31/2015 5:00:56 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Matt Koppenheffer

Matt is the Managing Director of The Motley Fool GmbH, The Fool's German business. Besuch uns bei!

Today's Market

updated 2 days ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:00 PM
BRK-A $205344.00 Up +404.00 +0.20%
Berkshire Hathaway… CAPS Rating: ****
BRK-B $135.74 Down -0.49 -0.36%
Berkshire Hathaway CAPS Rating: *****