Who whould have thought, a billionaire Warren Buffett would hopes to sell some jewelry. As shocking as the story sounds, I was a bit perplexed when I first caught wind of multi bilionaire Warren Buffett attempting to sell more than $2 million worth of jewelry to Berkshire Hathaway shareholders when he returns to the sales floor at Borsheim’s on Sunday afternoon.
In his annual letter to shareholders, Buffett informed the share holders that he sold $1.5 million worth of jewelry last year, so he wants to top that. An ambitious move, from a very wise and ambitious man, but the question remains, can he do it?
In the spirit of starting annual traditions, Buffett has sold jewelry at the Berkshire-owned store in west Omaha during each of the past two years during the annual meeting celebrations.
Besides selling jewelry to meet his goal, Buffett plans to become better acquainted with Berkshire shareholders over a few hands of bridge and some dinner at two of his favorite local steak restaurants.
On Saturday at the shareholder meeting, Buffett and Berkshire’s vice chairman Charlie Munger spent several hours answering questions before a crowd of more than 30,000 people regarding the state and direction of the company.