Warren Buffett shopping extravaganza kicks off with Squishmallows pit

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Warren Buffett shopping extravaganza kicks off with Squishmallows pit



Squishmallows pictured with Warren Buffett and Charlie Munger at Berkshire Hathaway’s annual meeting on May 3, 2024 in Omaha, Nebraska.

Sarah Min | CNBC

OMAHA, Neb. – Warren Buffett’s annual shopping event, the prelude to it Berkshire Hathaway‘s annual general meeting delights shareholders flocking here this weekend.

With over 20,000 square feet of exhibition space and more than 50,000 items of inventory, the CHI Health Center exhibit hall features products from various Berkshire holding companies, from Brooks Running to See’s Candies to Jazwares.

Only shareholders can attend the event and purchase items at a special discount.

The annual meeting will be broadcast exclusively on CNBC and streamed live on CNBC.com. Special coverage begins Saturday at 9:30 a.m. ET.

Jazwares

Squishmallow Pit at Berkshire Hathaway’s annual meeting in Omaha, Nebraska, May 3, 2024.

Sarah Min | CNBC

Jazwares, the American toy maker best known for its Squishmallows line of plush toys, was a hit last year when it debuted its wares at the Berkshire Hathaway conference, including the debut of a Warren Buffett plush toy. This year the company expanded its exhibition in the congress hall threefold.

Exhibits at Berkshire Hathaway’s annual meeting in Omaha, Nebraska, May 3, 2024.

Sarah Min | CNBC

Highlights include the latest Squishmallows toys in pictures of Buffett and his longtime Berkshire partner Charlie Munger, a splashy Squishmallows pit, and other displays.

“Poor Charlie’s Almanac”

Remembering Charles Munger before Berkshire Hathaway’s annual meeting of shareholders on May 3, 2024 in Omaha, Nebraska.

Sarah Min | CNBC

The bookworm only had one book to sell this year: “Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger.” This was at Buffett’s request in honor of his business partner of more than 60 years, who died in November at the age of 10 Died at 99 years old.

Aviation safety

FlightSafety at Berkshire Hathaway’s annual meeting in Omaha, Nebraska, May 3, 2024.

Sarah Min | CNBC

Berkshire acquired pilot training company FlightSafety in 1996. At Friday’s purchasing event, the company gave a preview of what its commercial pilot training program looks like. Shareholders lined up to put on virtual reality glasses and experience flight simulation training.

Pilot Travel Centers

Pilot Travel exhibit leading up to Berkshire Hathaway’s annual meeting on May 3, 2024 in Omaha, Nebraska.

Sarah Min | CNBC

Truckstop giant Pilot Travel Centers had a full-size big red truck on display. The company is the largest travel center operator in North America, with more than 750 locations. Berkshire is now full owner of Pilot Travel after purchasing the remaining 20% ​​ownership interest from the Haslam family. The deal was not without drama, as the Haslams sued Berkshire last year in a lawsuit that accused the group of using so-called pushdown accounting without the family’s permission.

Duracell

Duracell display at Berkshire Hathaway’s annual meeting on May 3, 2024 in Omaha, Nebraska.

Sarah Min | CNBC

In 2016, Warren Buffett’s Berkshire Hathaway bought Duracell from Procter & Gamble and offered the consumer giant $4.7 billion in P&G shares in exchange for the battery maker.

Brooks runs

Exhibits at Berkshire Hathaway’s annual meeting in Omaha, Nebraska, May 3, 2024.

Sarah Min | CNBC

Brooks Running drew a long line of shareholders who snapped up the special 2024 edition of its running shoes with “brk” on the side and a cartoon of a running Buffett on the insoles. Many shareholders will also participate in the Brooks Invest in Yourself 5K Run and Walk on Sunday, the morning after the Annual Meeting.

Dairy Queen

Dairy Queen display at Berkshire Hathaway’s annual meeting in Omaha, Nebraska, May 3, 2024.

Sarah Min | CNBC

Warren Buffett bought Dairy Queen in 1998 for about $600 million and took trips to the Omaha locations with his great-grandchildren. According to the Wall Street Journal, the billionaire investor has said in the past that his favorite DQ order is a vanilla soft serve with chocolate syrup and malted milk powder.

Correction: Berkshire Hathaway’s annual shareholder meeting is held in Nebraska. This condition was not mentioned in the captions of an earlier version.

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2024-05-04 01:11:49

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