Billionaire to share the wealth


An interview with billionaire Warren Buffett is not easy to get, but 107 students from the University of Kansas will have the opportunity on May 6th, in his home town of Omaha, Neb.

The 107 business and finance students are part of a group of 180 students who will attend meetings at Berkshire Hathaway. Buffett is chairman and CEO of the company, which owns media-friendly businesses such as Geico and Fruit of the Loom.

All 180 students can attend the meetings, but only 107 will actually attend a question and answer session with Buffett.

Mark Hirschey, professor of economics and finance, has taken students to the Berkshire Hathaway meetings since 1990. He said it was a great experience for the students.

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Buffett’s only demand for the question and answer session was that it would only include students and Hirschey. Students will prepare questions that Buffett has not seen in advance.

The meeting will take place at the company’s headquarters in Omaha, Neb.

“This is an opportunity to share questions and answers with the world’s best investor,” Hirschey said.

Investment strategies and understanding the psychology of business are areas Buffett excels in, said Leo Khayet, Overland Park senior.

“I think the whole point he teaches is that stocks go up and down, but they have real economic value,” Khayet said. “You need to evaluate the basics, and that’s an important lesson for anyone.”

Khayet said he had not finalized his questions, but that they would focus on particular investment and business strategies Buffett discussed in one of his biographies.

Buffett is estimated to be worth more than $44 billion, according to Forbes.com. He took control of Berkshire Hathaway in 1977, and has grown the company 14 percent per year since 1989.

A single share of Berkshire Hathaway stock costs approximately $47,000.

— Edited by Ross Fitch

 

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