What he saw at the ‘Church of Warren Buffet’
Acton Institute Powerblog

What he saw at the ‘Church of Warren Buffet’

Every year tens of thousands of shareholders in Berkshire Hathaway descend on Omaha, Nebraska for the “Woodstock for capitalists.” The rock stars they’ve come to see are two elderly giants of value investing, Warren Buffet and Charlie Munger. What exactly is the appeal?

To find out, Paul D. Glader, an associate professor of Journalism, Media and Entrepreneurship at The King’s College in New York, joined the crowds at the “church of Warren Buffet.” Glader writes about his experience for the inaugural entry in “Acton Longform,” our new feature writing project that “gives readers and journalists the space they need for stories about how we live today.”

Roughly 42,000 citizens and investors worldwide descend on Omaha, Neb., for one weekend every May to hear the homespun wisdom and gospel of wealth from 87-year-old billionaire and legendary investor Warren Buffett and his sidekick, 94-year-old Charlie Munger. As many as 5,000 Chinese Americans and mainland Chinese attended this past May. While corporate annual meetings are normally boring affairs, Buffett and Munger, have turned theirs into a festival of creativity that include ad agency quality videos, Saturday Night Live style skits and one-line zingers such as Munger calling cryptocurrencies “turds.”

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Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).