Bayer’s Annual General Meeting: Tickets

Nice, so today my tickets for Bayer’s Annual General Meeting have finally arrived. Well, the “ticket” itself is not really spectacular, it’s just a piece of paper stating the shareholder’s name as well as the number of shares registered onto that name. But that’s not all Bayer put into the enveloppe they sent to me. They also included a free bus/train ticket for the city of Bonn, which makes it easier to reach the World Conference Center Bonn, which is where the event takes place.

Bayer Annual General Meeting

Bayer gives a free bus/train ticket for the Bonn area to each shareholder

How to get to Bayer’s Annual General Meeting?

That depends on how you get to Germany. Most international visitors probably arrive at Frankfurt Int. Airport, Germany’s busiest airport. From there you can take the ICE, the German high speed train (there is a stop right at the airport, called “Frankfurt Flughafen Fernbahnhof”). Some connections will go right to the central station in Bonn, others to Siegburg/Bonn. In case you arrive at the Central Station, you have plenty of options in terms of public transport:

1) Bus number 610 to Gronau/Deutsche Welle, 160m by foot from there

2) Tram number 61 to Gronau/Heussallee, 560m by foot from there

Keep in mind the World Conference Center in Bonn is located next to the United Nations facilities. And btw, there’s also a Marriott Hotel around the corner if you want to catch some sleep before going to Bayer’s Annual General Meeting.

Maybe on some future occasion I’ll write more about travelling in Germany using public transport – or the famous Autobahn :-)!

Next stop: Bayer’s annual general meeting 2017 in Bonn, Germany

My next trip will hopefully be to Bonn, Germany, where I intend to visit Bayer’s annual general meeting (April 28, 2017).  We all know the company for the most famous product – which is “Aspirin”, right? But today, there is so much more to know about this German agricultural chemistry and pharmaceutical Titan. Unlike the year before, Bayer plans to hold the meeting not in Cologne, but in the neighboring city and former capital of Germany Bonn. I have already ordered my shareholder tickets for the event. Bayer rents a hall called “New York” located in the “World Conference Center Bonn”, which probably shows where the company may see its future after the marriage with Monsanto.

The future of Bayer – “Advancing together”?

And that will be the most interesting part: How far is Bayer with that multi-billion dollar project? What return can shareholders expect? What is the outlook? Is Bayer’s pharmaceutical business unit still strong enough after investing so much money in the agribusiness? And last, but not least, what about the dividend? Let’s hope we get some first-hand answers!

After all I have heard, Bonn is a nice town to stay, although it has lost much of it importance with Berlin becoming the capital of “new” Germany.

VLOG about Bayer’s annual general meeting

This time I also would like to create a video about my trip to the annual general meeting of Bayer. You’ll be able to find it on my Youtube channel. Probably it will be some kind of VLOG, where I show a bit of Bonn and the general meeting itself, of course. Like each year, there will be a crowd of protestors. Maybe I can also catch their voice and find out what their problem with Bayer actually is. I am always interested in the views of other people. If they let me, I’d ask them some key questions, too.

I’m really looking forward to combining travel with business once again. That’s what the Shareholder Lifestyle is about, and that’s what I’d love to share with you people out there!

If you want more information on the event, feel free to visit Bayer’s website:

https://www.bayer.com/en/annual-stockholders-meeting-2017.aspx

Aero 2017 Friedrichshafen, the finest of general aviation

Since I was in southern Germany anyway, I decided to visit one of Germanys’ major events in general aviation – the 25th Aero 2017 Friedrichshafen. As always it took place at Friedrichshafen Airport, right next to the wonderful Lake Constance. The exhibition features vast numbers of airplanes, from small single engine turboprops to large business jets such as Embraer’s Legacy 500.

Apart from that you can expect helicopters, drones (look at the video) and everything associated with aviation – jet engines, communication equipment etc..

Why did I visit Aero 2017 Friedrichshafen?

Everybody has different motives to visit the exhibition. You can see a lot of people, who are aviation specialists or hobby pilots, but also clients like airlines and HNWIs. Well, for me, as a shareholder of various companies in the business, it was a good opportunity to feel the sentiment in that market, to look out for new opportunities – and to have some nice days in Friedrichshafen. I love what I call “shareholder travel”, because you visit some of the most beautiful places in the world AND do something for your portfolio.

Drones, drones, drones – everywhere drones!

When I first entered the place, there were massive amounts of drones. Some for rescue, some for the police and some, yes, some were quite pointless, to tell you the truth. But one thing is for sure: There is a LOT of competition in the market now and UAVs have become a mass product.

Aero 2017 Friedrichshafen Drones

Big Brother is watching you – Aero 2017 Friedrichshafen

Because of that, companies that want to survive have to come up with some sort of innovation. Judging from what I have seen there, I believe drones will become much more important in the field of security than they are now. There are many concepts of UAVs that stay at one place over a long period of time. This is ideal for surveillance, intelligence and security. Like it or not, but sooner rather than later camera drones will have the role of mobile video security systems.

The only differences: They are now able to cover much larger areas and with AI improvements it’s realistic they will have an “understanding” of the situation on the ground. So for me (yes, for me, YOU make YOUR own assessment!) it is cleear, that the market for UAV surveillance equipment will rise constantly. With all the things happening around the world, it is logical that governments and private individuals will use the new opportunities. UAVs will be around us all the time, they will watch us all the time.

Aero 2017 Friedrichshafen

Constant surveillance is already possible!

Embraer – a company I have watched for a long time

Now back from Orwell’s 1984 to the more exciting and funny parts of Aero 2017 in Friedrichshafen. I was particularly interested in Embraer’s portfolio of corporate jets, since I consider to buy some shares of their company. While I have already made a fundamental analysis of their business, I think it is always a good thing to see the products of a company not only from glossy prospects and shiny websites, but in real life. Sure, I have already flown some time ago with an Embraer E-190 airliner, but I have never been in one of their business jets so far.

Aero 2017 Friedrichshafen

The Legacy 500 – Let me in, I will own you, well, at least a tiny part of your company 😉

Having said that, I was determined to get my way into the nice Legacy 500 Embraer had there on display. That’s easier said than done, because they don’t let just anybody board their plane, apart from clients and accredited media. I know a sure way though, to clear every obstacle: be friendly, be kind – and everything will be allright :-))). At least in this case that was true.

Aero 2017 Friedrichshafen

Cockpit of the Legacy 500 – state of the art avionics from Rockwell

Aero 2017 Friedrichshafen Embraer Legacy 500

Want a coffee? Galley of the Embraer Legacy 500

Making my way aboard the Legacy 500

Embraers’ employees were kind enough to open their plane for me and let me take some photos. This was very, very nice! Thank you so much Embraer! Inside I could see a very modern cockpit, with state of the art avionics by Rockwell (another great company in my opinion). The flight cabin was obviously made with great attention to details, fine leather seats, gorgeous wood – and even a tall person as I am could stand there! Yes, that convinced me. Embraer is absolutely on a par with other manufacturers! And that’s what I am looking for as a shareholder: innovative, reliable businesses. My impression was that I found it right there. But remember, YOU have to make YOUR OWN assessment, and YOU are responsible for YOURSELF.

Aero 2017 Friedrichshafen Embraer Legacy 500

Interior of the Embraer Legacy 500 – Notice the flower 🙂

Avanti, avanti!

Piaggio P.180 Avanti Aero 2017

Piaggio P.180 Avanti – the most elegant plane

The most elegant plane showcased at the Aero 2017 Friedrichshafen came from… Italy, of course! But the P.180 Avanti from Piaggio is also very impressive from a technical standpoint. High cruise speed for a propeller plane, comparably low operating costs – that’s what everybody likes. As 100% of shares are controlled by the Abu Dhabi based Mubadala Development Company, Piaggio Aerospace is not relevant for me as a shareholder on the constant lookout ;-).

Piaggio P.180 Avanti Interior

Piaggio P.180 Avanti Interior – get in!

Piaggio P.180 Avanti Interior Leather Seats

Piaggio P.180 Avanti Interior – fine leather seats

All things considered I enjoyed visiting the Aero 2017 Friedrichshafen. In a way it is similar to the Geneva Motor Show: You see many different products, you can ask specialists, you can see the topics that move the industry. The only problem: I liked the planes so much, especially the bigger ones such as the Legacy 500, that I want to fly one :-).

Next aviation exhibition I plan to visit: MAKS 2017. Looking forward to going to Moscow/Zhukovsky!

Crazy German bird drone – AERO 2017 Friedrichshafen

As I have announced earlier, I visited the Aero 2017 in Friedrichshafen, Germany. It is an exhibition about all aspects of general aviation. UAVs were also an essential part of it and before I start showing you all the beautiful planes and helicopters, I have to share this video of, well, a crazy German bird drone! This piece of technology was the first thing I saw at the exhibition in Friedrichshafen and I have to say it is jaw-dropping. Look:

The bionic drone is made by a German company called Festo from Esslingen. Festo is a global leader in control and automation. This bionic bird, called “SmartBird” is what Festo created together with a network of universities, research insitutions and other companies. To make that possible, they actually decrypted the way seagulls fly and transferred the idea to a body made of polyurethane foam and carbon fiber.

You can find more about this on their website: https://www.festo.com/group/de/cms/10238.htm

Festo is not listed, it’s a “Kommanditgesellschaft”

What makes me unhappy however, is the fact that Festo is not a listed corporation, but rather a “Kommanditgesellschaft”, so I can’t invest in it directly.

But, well, you can’t have all. Anyway I find this an incredible piece of engineering and coding, that I really wanted to share this with all of you.

Coming up next: Aero 2017 – General Aviation, Embraer Special Report

Hi, my next article will be about business aviation, as I visit the Aero 2017 in Friedrichshafen, Germany. I am particularly interested in the product of Brazilian aircraft giant Embraer, which I consider adding to my portfolio of stocks I own. I hope, I will be able to take some nice pictures. Above all I look forward to talking with Embraers’ representatives about the future of General Aviation and the role their company wants to play! Stay tuned!

Euro 6c fine dust regulations for gasoline engines

Right now everybody is talking about the future of Diesel engines, but what about gasoline engines? With Volkswagen’s Diesel scandal in the USA and growing problems in Europe this thinking is very much understandable. Even in the homeland of Diesel engines, Germany, city/regional parliaments are under pressure to decrease fine dust levels with driving bans for cars, which do not comply with Euro 6 standards. But with the Euro 6c fine dust regulations you better be prepared for more!

Diesel? Gasoline eninges are probably next!

But there’s a new, very similar problem appearing on the horizon that practically nobody discusses: Starting from this year, there will be new fine dust regulations for gasoline engines. And since they actually emit more fine dust than most Diesels, it is very well possible that some cars will be the next victim of policymakers and regulators. Here’s why!

Ford Mustang Geneva Motor Show

Certainly a nice car, but what about Euro 6c?

To better understand the problem, you have to know that over the past decade CO2 reduction has been the main goal of most automobile makers. This has largely to do with REGULATION (EU) No 333/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 11 March 2014. It is, as you may have expected, a very complex administrative order. To sum it up, the EU declared that until 2021 the fleet fuel-economy of the car manufacturers in terms of CO2 has to drop to a maximum of 95g CO2/km.

Direct injection: good for fuel economy, bad in terms of fine dust particles

The automakers took several measures, one of them was building engines with direct injection. This is a way to reduce fuel consumption and hence CO2 emissions. Nice. However, it creates a massive new problem, namely fine dust particles which are even smaller than those a diesel engine blows out.

This fact wasn’t in the spotlight so much – until now. An increasing number of cities in Europe report fine dust levels in the air that exceed EU regulatory targets. Right now, everybody blames the diesel engine for everything. But it is a fact, that gasoline powered cars contribute even more to that problem.

What about Euro 6c fine dust regulations?

How does the EU intend to solve that? Well, the same way they always do: by creating new regulations. In this case it is called Euro 6c and it targets the fine dust emissions of gasoline engines. Until the very last moment the automotive companies tried their best to weaken these rules, but now it becomes clear that implementation will begin this year. Starting from September 1, 2017 newly released models have to comply with it. And from September 1, 2018 every new car has to be ready for the new Euro 6c fine dust rules.

The problem for any car buyer: If you order a car right now it will only meet Euro 6 requirements. But what if the environmental watchdogs do the same thing with gasoline powered Euro 6 vehicles like they plan to do with Euro 5 diesel engines? Remember, you could buy a Euro 5 diesel car in 2015 and starting from 2018 you will not be allowed to drive into inner cities! At least this will be the case in Stuttgart, Germany.

You buy a car and are not allowed to use it?

Imagine you spend a lot of money for a car and then, two years later you are told that you are only allowed to use it somewhere in the desert? Doesn’t sound too good, so I decided to use the opportunity at the Geneva Motor Show 2017 – and ask some of the major car companies, especially those I am a shareholder of, what they plan to do about this. Since I believe this does not only affect me as a consumer, but also as a shareholder, I would like to share with you, what I heard from the car manufacturers.

Mercedes-Benz

The first company I asked about Euro 6c fine dust regulations in Geneva was the famous automaker from Sindelfingen, Germany. I have been a Mercedes driver my entire life, so I was very excited to hear their opinion on this. The normal employees at their exhibition stand had not idea what I was talking about – no wonder, they were Swiss and Euro 6c is not much of a trend in this beautiful country. But they did their best to help me, made call after call, until they finally reached the person they wanted: A tech specialist appeared who immediately started with a lecture about engineering.

He explained every detail about the process of combustion in a direct injection engine. But what about Euro 6c fine dust rules? Well, he told me they are working on a solution like they already utilize in the S500. There Mercedes-Benz uses a special filter from a French company called Faurecia. Nevertheless I did not get a clear answer on when they equip older models like the E400 4Matic with it.

Summary: The S500 already uses the filter, other moters will be equipped with the filter later. So, when you buy a car right now, you are only ready for Euro 6 as far as I understood.

Mercedes E-Class Plug-in Hybrid

Mercedes E-Class Plug-in Hybrid – is it ready for Euro 6c? Right now it’s licensed under Euro 6

Volkswagen: no reliable answer

After that I went to Volkswagen and here I have to say I was both surprised and disappointed. Suprised, because after their tiny little environmental problem in the US, I expected them to be better prepared when it comes to emissions. Disappointed, because they had so many people in Geneva, but apparently not the right ones. First I asked one of the consultants which were there all over the place. He did not know anything about it, so he started to use Google.

VW Arteon Geneva Motor Show

VW Arteon at the Geneva Motor Show 2017

However he didn’t find an answer (although I know now he could have, with better search terms). Then he decided to go to VW’s “stronghold”, an office complex where even more employees gathered. So he handed my question over to them. Different people, same result, though. They haven’t heard of Euro 6c obviously. And since Euro 6 is the standard right now, I could perfectly buy one of their cars, they proclaimed.

Not convincing! Maybe they should read more of their tabloid newspaper “Bild” which reported that VW wants to build in a particle filter, starting with the Tiguan (EW 888). Yes, Volkswagen is aware of Euro 6c.

Audi: Are you from Greenpeace?

Audi had to call their big boss for Switzerland. I explained my question, the problem with direct injection engines and received the following answer: “Are you from Greenpeace?”. No, I only want to buy a car that is future proof :-)! A very nice guy, who explained the situation in Switzerland, which is different from the EU. He said I should better talk to a representative there. But I found out many other things: Did you know Switzerland is one of Audi’s biggest markets for high-powered cars? Who cares about Euro 6c fine dust regulations, when you should have fun driving :-).

BMW: Finally somebody who knows what he’s talking about!

Here I don’t have to write very much: I asked about their new BMW 5 series and I got a quick and professional answer: “Under the norms discussed for Euro 6c, the new 5 series is ready to meet them”.

Conclusion

The carmakers know about Euro 6c, of course. They have very different plans on how and when they make their engines ready. As the situation is unclear, you have to ask specifically for each model, whether it’s Euro 6c compliant or not.

Coming up next: Euro 6c – or how the gasoline engine could become the next victim of regulators

As I mentioned earlier, emissions are a very sensitive topic in the automobile industry right now. At the Geneva Motor Show 2017 I had the opportunity to ask some of the biggest car manufacturers, especially those based in Germany, what they want to do to comply with ever changing regulations. Is it save to buy a Euro 6 car? Is it maybe better to wait until they solve the problem in the first place? Are there already cars today that operate in accordance with Euro 6c?

Read in my upcoming article what I heard from the manufacturers!

Geneva Motor Show 2017 Trip Report

A few weeks ago I went to the Geneva Motor Show 2017, mainly because I am looking for a new car for myself. I wanted to use the opportunity to take a seat in totally different cars of totally different manufacturers. As a matter of fact I was surprised positively by the whole event. You can not only look and test the vehicles to some extent, but also ask questions concerning various automotive topics.

The Geneva Motor Show at Palexpo 2017

Emissions – the hot topic out there

For me as a shareholder of Daimler, BMW, GM and others it was also an opportunity to evaluate these companies and their future proofness. One of the things I was particularly interested were the emissions of diesel and gasoline cars, since this has become a very hot topic in the wake of Volkswagen’s diesel affair. In addition to that there are also upcoming new regulations in several European countries including Germany (Euro 6c). I had some insightful talks with a few engineers from the major car manufacturers, which I will cover in a seperate article.

Geneva Car Show 2017- don’t go there by car ;-)!

First of all, as always the Geneva Motor Show 2017 took place at Palexpo. It is a very modern and large exhibition complex right next to the Geneva International Airport. My advice on how to get there: Don’t take the car. I know, it may sound a bit ironic, but driving through Geneva is an utter nightmare. The roadsigns are ambiguous and so is the way the police handels the traffic. It is more probable that you win the lottery than that you find a parking lot. There is a reason after all why most (or even all) hotels give you a ticket for public transport…

The bus system in Geneva is pretty efficient and they have a special bus service to the Geneva Motor Show.

Geneva is a nice Swiss city with a very special French touch

Of course I could not resist to have a walk to the beautiful Lac Léman, the lovely lake. There you can also see the town’s landmark – the Jet d’Eau, a massive fountain.

Geneva’s landmark – the Jet d’Eau or “Water Jet”

A very pleasant surprise: Cadillac

Now back to business: I was pleased to see that General Motors and Cadillac in particular showed a very intriguing performance. Not only the presentation of that lady was polished to perfection, but also the selection of cars such as the CT6, the Escalade and the CTS. The remarkable performance models rounded up GM’s portfolio. My impression of the CT6 was that it’s very well made and absolutely on a par with the German competitors.

While the hard product is impressive, I see a major downside on the European market: customer service. There simply are not enough Cadillac dealerships and as a shareholder GM I believe they should finally decide what they want: Keep the European market or leave it. But when they decide to stay, they should be willing to invest in order to have not only a good car, but also everything around it. Overall, I really liked what GM showed at the Geneva Motor Show 2017.

Cadillac presentation at the Geneva Motor Show 2017

 

The German carmakers 2017: trying to make the transition

In 2017 the German carmakers are trying to make the transition into a new age of mobility. New concepts are needed to meet new environmental requirements and to fight rising competitors like Tesla or Faraday Future. Btw Tesla was NOT in Geneva, which I found really disappointing.  At the same time the Germans have to keep their conventional fleets in shape – which is important, because they are the money machines right now. You could really admire this double burden at the exhibition stand of Mercedes-Benz (Daimler AG, yes I also own stock of them). In Geneva they showcased their new electric SUV “Concept EQ” which will probably enter market in 2019. It attracted a lot of interest from the visitors:

Mercedes electric SUV “Concept EQ”

Also they displayed the hybrid versions of the S- and the E-class at the Geneva Motor Show 2017.

Apart from many other vehicles Mercedes-Benz showed the X-Class pickup truck, which may have a bright future since luxury SUVs and Pickup trucks go like hot cakes.

Mercedes X-Class Geneva Motor Show 2017

The best thing about Mercedes Benz and also BMW was their personnel at the Geneva Motorshow 2017 though. Very professional, very attentive. I spoke to an engineer about the new Euro 6c regulations, effective from later this year. In essence it forces the car makers to reduce drastically fine dust coming from GASOLINE engines. Talking to that engineer I understood, what it takes to work at Mercedes-Benz: You have to be the best. I mean, that guy, he could explain every little detail of the engine and the combustion to me. It was mind-boggling.

Don’t underestimate future environmental regulations

The same applies to BMW. Although I had to use my knowledge of French excessively 😉 to get through to the German technical team of BMW, they answered all my questions about fine dust emissions. As a shareholder, but even more as a car owner, I can only say: Don’t underestimate this topic. Right now it becomes increasingly important not only throughout Europe, but worldwide. If you buy a new car that does not fulfill Euro 6c, you risk that you are not allowed to drive to the inner cities at some point in the (near) future. At least that will the case for Diesel engines below Euro 6 in the car city of Stuttgart, Germany. As gasoline-powered engines actually account for even more fine dust than diesel cars, it is very well possible that Euro 6 gasoline powered cars (and lower) will have the same problem sooner or later.

The good news is, though, that most German automobile manufacturers already know about this problem and work out solutions at least for their new cars. BMW even told me that their new 5 series is ready for Euro 6c.

At the bottom line…

The Geneva Motor Show 2017 certainly is a great event for any car lover. There are plenty of reasons to visit the Motor Show. If you plan to buy a new car it is the best opportunity to sit in MANY different vehicles. You can compare a Jaguar with a Mercedes directly within minutes. Where else can you do that? At the Geneva Motor Show you can! You can ask the most difficult technical questions and at least the German car makers have an army of well-trained engineers right there at your disposal.

If you are a shareholder you can get not only a hint about the competitiveness of a specific car manufacturer. No, at the Geneva Motor Show you also literally measure the overall sentiment in the industry itself.

Above all Geneva is a nice place to stay, with a marvellous lake surrounded by snow-clad mountains you can recognise in the distance.

I’d love to go there again next year!

 

 

 

Why you will never invest like Warren Buffett…and that’s ok!

I have noticed lately that there are more and more people talking about “investing like Warren Buffett” or even “becoming the Oracle of Omaha”. While I believe it’s an excellent thing that people care about investing, I also came to the conclusion it is very difficult to implement an investment strategy that is equal to Warren Buffett’s. Why is it so difficult to invest like Warren Buffett?

Buffett is the child of an other time – and other factors

Firstly, I am quite sure that nobody of us can have the same thinking, especially not when creativity, opinions and own assessments are involved. Moreover, these opinions and evaluations depend largely on your socialisation, circumstances of life and many more factors. So applied to Warren Buffett, he grew up in a bygone age under totally different conditions, he made his first investments in a bygone age, he worked with people we all will never work with.

In my view there is no possibility to replicate his success in the exact same way – apart from buying Berkshire Hathaway stocks (depending on what the future brings for his business…and mine ;-)). So “investing like Warren Buffett” is more of a desire than a real option. I am deeply convinced that the next superinvestor will be different from Warren Buffett in many ways. He will be a product of an other time, other circumstances and will have, at least to some degree, a new formula for his success.

Additionally the Warren Buffett of today is not the Warren Buffett of the 1950s – and that is the reason he is so effective. You need to adapt, because Darwin’s laws are also relevant in finance. You can see that by the way he his views evolved on airlines and IBM.

Still, Warren Buffett is the role model for the future

What does this mean for a private investor? Can you invest like Warren Buffett? Rather than trying to run after the Buffett formula, I think everybody should attempt to develop his own individual approach. So do I say, it makes sense to stop listening to Warren Buffett? No, absolutely not. His thoughts are of incredible value and they can influence your own strategy in a positive way. But whatever he says or doesn’t, it does not free you from using your own unique brain.

How to visit Warren Buffett’s Annual Meeting in Omaha, Nebraska 2017?

There is a saying “all ways lead to Rome”, but what about Omaha, Nebraska, USA? What are the requirements to attend Warren Buffett’s Annual Meeting (Berkshire Hathaway to be more precise), where he gives his thoughts on business, economy and the world in general? What do you have to do to be allowed into the holy halls of Capitalism?

In this article, I would like to point out how everybody – even someone absolutely not associated to Berkshire Hathaway in any way – can attend the meeting in Omaha on May, 6, 2017. Yes, even if you are technically not a shareholder of Berkshire Hathaway there is a legit way to sneak in to Century Link Centre to see Warren Buffett live!

Now I split this into to categories: entitled shareholders and non-shareholders. Then I show the different possibilities for you to travel to what is often called “the Woodstock of Capitalism”.

1. Shareholders:

1.1 living in the US: Easy, if you’re a registered shareholder Berkshire Hathaway will send you the          Annual Report. Along with it you receive the Proxy Statement. Attached to that you find an order form for the meeting credentials. That’s nice, isn’t it?

http://www.berkshirehathaway.com/meet01/2017Meetinginfo.pdf

How to get Berkshire Hathaway Meeting Credentials as an US shareholder

Credentials US shareholders

 

 

1.2 foreign shareholders: requires some work in advance. Make sure you start doing it early enough:

How to visit Warren Buffett's Annual Meeting as a foreign shareholder

Foreign Shareholders

 

1.2.1 Write an e-mail to Berkshire Hathaway. They have a public e-mail adress: berkshire@berkshirehathaway.com

As far as I heard from a fellow investor you have to include a proof of ownership into the mail, stating that you actually own the Berkshire Hathaway Stock A OR B. The problem is, that there actually is a disclaimer saying you shouldn’t contact them – don’t forget these guys are busy. So I can’t tell you the result of that method, although as I said earlier, I know somebody who received an answer saying that the credentials are to be sent to him in April, 2017.

1.2.2 The easier method: Contact your broker and tell them what you have in mind. This is what I did by telephone. After a few days they contacted me again asking for my passport number. Several days later I received a package via UPS, which I will show to you in one of my next posts. Inside there are several documents. One of them is a form to order the tickets for Warren Buffett’s Annual Meeting which I have to send to Berkshire Hathaway in the next few days. Then they are going to send you another mail with the actual credentials. Let me say that your broker/bank may charge you something for this service.

When nothing works

1.3 Nothing works? You don’t get your credentials? You have forgotten to take them to Omaha or your pet has eaten them? There is still a third way for you as a shareholder of Berkshire Hathaway! Just travel to Omaha during Warren Buffett’s Annual Meeting and go to the shareholder kiosk at the CenturyLink Center. I would try to avoid doing that though, because I expect this to be a rather time-consuming option. Again, you have to prove that you are a real shareholder for example by showing them a screenshot of your share portfolio or anything else stating that you own the stock.

 

2. Non-shareholders

Want to attend the Warren Buffett’s Annual Meeting in Omaha, but are not a shareholder of Berkshire Hathaway? Even in this case there is a solution!

2.1 As every shareholder can obtain up to 4 tickets, you can buy some of them at ebay, like you can do here: http://www.ebay.com/itm/Berkshire-Hathaway-tickets-2017-4-Annual-Meeting-Credentials-Guide-Book-/252816929071

Or you can come to me, because if everything works out, I have one ticket left for free :-).

2.2 Students can use a seperate room with a livestram (the corporate movie is included).

2.3 In fact there will be a livestream of the event right here, just like last year: https://finance.yahoo.com/brklivestream

But really, I believe being there live is something much more special. And apart from the Annual General Meeting itself there are many events around it like a shareholder barbecue (whatever that is :D) and you get huge discounts for product coming out of Warren Buffett’s factories. And above all, it’s fun!

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