News item: Berkshire Hathaway's annual shareholder meeting at the Qwest Center in Omaha, Neb., has become known as “Woodstock for Capitalists.”
Sure it is. Minus the drugs, sex and invocation by Swami Satchidananda.
But when I say, “Swami Satchidananda,” you say, “Oracle of Omaha.” I say, “hundreds of thousands of naked hippies enjoying free love and getting high,” you say, “30,000 Midwestern millionaires in L.L. Bean sweaters enjoying free DQ Dilly Bars and getting high returns.” I say, “Woodstock tickets cost $18 in 1969, about $105 in today's dollars,” and you — obstinate you — say, “Berkshire Hathaway's stock cost $19.46 in 1964 and closed May 2 at $133,600.”
OK. Parallels may exist, but the times, they have a-changed. Agreed?
— Drew Carter
