The folks at Fidelity Investments
will have their own version of Buffett Day tomorrow after asking more than their share of questions
at last year's Berkshire Hathaway
annual meeting, Fortune reports
Back in December, Warren Buffett lamented
to the Wall Street Journal
that Fidelity had figured out how to game the Q&A system and that he was planning his countermove.
Carol Loomis reports:
Not delighted about any kind of subterfuge, but recognizing that the Fidelity approach
was a brand of compliment, Buffett decided on a soft response. He asked his financial assistant, Tracy Britt, who
used to work at Fidelity herself, to tell the company that if its people were that interested in asking questions, they could have their own version of Buffett Day. Buffett put no limit on the number of people who could come. "As many as they like," he told Britt.
Fidelity is sending more than 100 people to Omaha tomorrow,
including Chris Bartel
, senior vice president of equity research and CIOs Joseph Desantis
and Bob Litterst
The Fido contingent can ask the Oracle of Omaha anything they like except for one topic: Berkshire Hathaway. "He didn't want the Q-and-A to turn into an analysts' meeting centered on Berkshire (of which Fidelity owns lots)," reports Loomis.
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