The Century Link Center is actually a basketball hall, the stage is built behind the basketball hoop, the first three rows start from the free throw line and end at the halftime line, which belongs to the center of the entire venue, and the space effect is very good.

It is precisely because of the effect that the restless sounds around him are all in Roland's ears.

The buzzing was like a noisy mosquito, making him laugh and shake his head.

Although he couldn't hear what the guys on the scene were talking about, Roland knew in his heart that even if he had a bunch of advantages, only a handsome and charming face would be worthy of being talked about by others!

"I said I couldn't attend, this handsome face is easy to cause a sensation, you don't believe it!"

"Something is wrong now, right? If you look at Warren's stinky face, I think he must be regretting it and trying to kick me out! ”

If the position where Roland is sitting is near the three-point line, then the place where the two old men are located is actually equivalent to the position of the bottom line reporter in the Mosaic League, if those guys still have the ability to pee in the wind, then as long as they work hard, they will definitely be able to spray the spit stars on the company's directors and important shareholders like Director Long's angry spray.

It is precisely because of the proximity that facial expressions can be captured.

When Warren Buffett explained simply, and the quiet scene resounded and there was a lot of discussion, everyone could clearly see the joy of the old man hidden under the lenses, looking around, and finally shaking his head with a smile, which was more like an emotion for Roland's popularity.

Just when Roland was feeling good about himself, he was still observing the state of his friends there, and Bill Gates, who sighed at Roland's super popularity, turned dark and complained: "Can you have a face?" ”

"These guys are obviously unexpectedly about your wealth, what does it have to do with your face?"

"And you also said when you rejected us in the morning, the change of identity will definitely cause restlessness on the scene, you can recognize the reality at that time, why can't you figure out the situation after coming to the venue?"

"It's money that makes you handsome, not handsome that makes you rich!"

As soon as these words came out, Roland, who was leaning there with his hands on his stomach, smiled.

Turning his head and glancing at the other party, "Then you mean, you're more handsome than me?" ”

"Isn't that obvious?" Bill Gates squinted at him, his face full of rightfulness.

Although it was a small beep, the childish ghost's remarks were still captured by the people around them, and they were even more black-lined.

As Bill Gates said, at dinner this morning, Roland expressed to the old men that he wanted to go out and not want to go to the shareholders' meeting, and the reason he gave was simple - to avoid the noise.

No matter how low-key Roland is, he doesn't believe that Berkshire Hathaway has more shareholders than his fans!

No matter how low-key Roland is, he can't say that Warren Buffett's popularity is higher than his own words!

No matter how low-key Roland is, he won't think that if he goes there, he can become a transparent person who is ignored by everything!

Although the fields of the two people are different, Roland eats by popularity and fans, and the analogy is bullying people, but the problem is that reality never allows two guys to compete fairly!

In this way, Roland retreated in his heart.

Because he can guess what kind of energy will burst out when popularity and net worth come together.

But the problem is that the old man doesn't believe in evil, so he has to pull him over, and not only that, but he also said that if he came to Omaha but did not attend the shareholders' meeting, he would not give him face as a prophet.

After the old man activated Shanks's natural skills, Roland also gave in and followed him.

All right...... I can't go on anymore......

The real reason is that the old man has never seen Roland's appeal, and he wants to see what the audience looks like when they exclaim for him.

As an old man who obviously relies on long-term operation and compound interest but has been smeared by the media as a stock god chasing up and down, although he has given 'RandK' a valuation of 5 billion, this does not mean that all investigations can be terminated.

Before the two parties formally reach a cooperation agreement, the necessary verification must be done.

Although things like box office appeal and fan purchasing power can't be calculated with conventional business formulas, how much voice can be snatched away on one's own turf is actually the best embodiment of value.

The guys who come to Berkshire Hathaway's shareholder meeting are either practitioners in the investment field or their own faithful believers, in this case, the higher the call for Roland to receive, the louder the discussion will be, and it will prove how much repercussions his actions can provoke......

Isn't goodwill also a potential economic value? And brand value, isn't it something that cannot be truly quantified but exists in reality as an intangible asset at a certain point in time by using a similar tangible asset valuation method?

Therefore, after hearing the unexpected exclamation at the scene, the old man's eyes flashed with satisfaction, and when he found that these rational investors could take their eyes off themselves, the desire to do this business was even stronger.

The old man has never been a guy who sticks to his identity.

He has always been the face of his company's brand.

As Susan Buffett said, after turning Berkshire Hathaway from a textile mill into a financial insurance company, this old man, married himself to capital, and can give everything for high returns.

Of course, after seeing the results, the verification can be stopped.

After all, it's a Berkshire Hathaway shareholder meeting, not a Roland Allen fan meeting!

After Roland and everyone symbolically greeted each other, the camera returned to the center of the stage, as if everything was taken for granted, Roland would not explain his net worth, and media reporters would not interview.

As for the reason......

CNBC came to the scene, and it was an old acquaintance of Bill Gates.

CNBC is a sub-channel of NBC, which in turn is a subsidiary of General Electric.

Bill Gates's Microsoft reached an MSNBC cooperation agreement with General Electric two years ago, and there is an old man there giggling with Roland, how can those media not open their eyes to stare at Roland?

Roland refused to be interviewed, so give them ten guts, and they don't dare to take the microphone up!

In this way, when the two old men faced the microphone and grabbed the topic, the shareholder Q&A session officially began.

From 9:30 a.m. to 3:30 p.m., except for a one-hour lunch break, the other five hours were divided into two and a half hour upper and lower halves, and after the second half was over, everyone rested for another half hour.

After the final summary report is handed over, the shareholders' meeting will be over.

It looks like it's long and the content should be full, but it's actually ......

It's actually boring.

What is the presentation of the board of directors, the minutes of the board of directors meetings as well as the public issuance of shares, the election of the board of directors......

It's all been fished out on the countertop.

And then in the question session -

The first shareholder asked the question of the price-to-earnings ratio;

The second shareholder asks about the efficient market hypothesis polluting business schools;

The third shareholder directly recommended his book "Outstanding Investor Digest" and its publisher, Henry Emerson;

The fourth shareholder is talking about the selection criteria for investment companies;

Fifth, it is even more involved in Berkshire Hathaway's internal talent pool......

What left Roland speechless the most was that the question of the eighth shareholder turned out to be who chose the color of the cover of Berkshire Hathaway's annual report!

The thirteenth shareholder's question is to get Warren Buffett and Charlie Munger to recommend some of their own book lists!

This is simply the seven aunts and eight aunts sitting together for a tea party!

Although Roland has been mentally prepared, to be honest, compared with the jewelry industry and Nvidia that we talked about the day before, this shareholders' meeting is too watery.

It's like reading a chapter and commenting at the end, 'That's it?' ’

And just when Roland was about to fall asleep, a shareholder from Melbourne, Australia, made him drowsy, and he was excited.

Mark Rabinov: "Gentlemen, we have a lot of Freddie Mac and Fannie Mae stocks, and you know, they have been hurt a lot in the past when interest rates have risen. I'm thinking, do you think there will be any more harm when interest rates go up in the future? ”

Warren Buffett: "On the issue of Freddie Mac and Fannie Mae in terms of interest rates, it's a particular business model. In a sense, very low interest rates are more of a long-term threat. Because if your portfolio is flooded with — let's say a four-percent mortgage or something like that, and then your interest rates go up significantly, for a while, even what you're doing in terms of hedging is going to be pretty painful. ”

When Roland heard such a question, he narrowed his eyes as he leaned next to Bill Gates.

It turns out that this group of old yin beeps has already seen the subprime mortgage crisis! ’

The subprime mortgage crisis is a financial crisis caused by the cooling of the housing market in America, especially the increase in short-term interest rates, which caused a sharp increase in the repayment interest rate of the subprime mortgage, resulting in an increase in the burden of repayment of the loan by home buyers, and the inability to repay the loan on time.

Although the Great Commander of the time was not launched into the sun, the impact was still far-reaching.

The subprime mortgage crisis bankrupted a bunch of businesses and lowered the standard of living of residents, but ......

But Goldman Sachs and Morgan made a lot of money.

To say that these guys can't foresee the risks is to deceive.

And now......

It seems that the old man is one of them. ’

After mentioning Freddie Mac and Fannie Mae, the shareholder meeting was finally on the right track, and the content of the conversation was also related to investment, and when a shareholder named Carey Black proposed to the two old men that the foundation they established had been used for bribes when Disney bought the Met and swallowed ABC, the news made Roland frown.

"Do you know what this is going on?" Roland pestled Bill Gates and asked shamelessly.

"Shouldn't you ask Steven about that?"

Bill Gates was a little puzzled, but still answered Roland's question, "Disney made some accounting adjustments when it acquired the Metro, to some extent, they wrote off the cost of the project they held before, not only that, Disney also charged a large amount of fees on the amortization of intangible assets, about 400 million per year, and intangible assets are not tax-deductible, so if you recalculate according to the process and add back the amortization, Disney's economic benefits are actually far more than the published earnings......"

'Hold the grass, isn't this special code making fake accounts?' ’

Roland's eyes flickered, "Didn't anyone check?" ”

As soon as he said this, he realized that something was wrong.

Because there is no account in the world that cannot be checked, only the account that dares not be checked.

So, he changed his tune and said, "How much does the company hold in Disney?" ”

"It's almost going to be announced." The question is not classified, and Bill Gates is quick to answer.

That's about five percent? Roland made a mental note of the number.

Although he doesn't know what these things are for, it has something to do with Disney.

Of the five hours of shareholder Q&A, no more than half an hour was useful for Roland.

The point is that all the doubts caused by the questions were answered by Bill Gates, and the two old men on the stage were basically talking about Silas there, leaving the left and the left to take care of him, which perfectly showed what it means to refer to a deer as a horse.

Even if Roland was just a layman, based on the memories of his previous life, he also knew that if you followed the advice of these two old men to make an investment, you would die a miserable death, because they had already ruled out the correct answer for you from the beginning.

However, when you think about it, it feels normal.

Because Roland will not tell Bill Gates that the future of the Internet is not the world of portals at all.

The Internet of Things they laid out is too advanced.

After the shareholders' meeting, from half past five to eight, there was a picnic.

All shareholders can participate, much like a buffet.

When Roland arrived, the guys who didn't know the situation before stepped forward to learn more, and in the face of those who wanted to break the casserole and ask the end, Roland just walked around and was scared away by the wild enthusiasm.

The male style of painting is still normal.

'Roland, when did you buy shares in Berkshire Hathaway?' ’

'How many years have you held stocks?' Why choose him? ’

'Are you friends with Bill Gates?' At the general meeting, you all sit together. ’

Women's ......

While asking high-sounding questions, he quietly approached.

And after approaching, they resolutely showed their fangs, and under the banner of verifying their identity, they wanted to take off his clothes and pick up his pants!

'Luo Bao! Let Mommy see if you're real! ’

Hold the grass! Is there a second male silver in the world who is as handsome as me?

You're a fake fan!

And on Sunday, the day after the shareholders' meeting, there are 5,000-meter runs, table tennis, bridge and other activities.

Roland can't play bridge, but he can't play table tennis.

Even if you can't play the special effects in the eyes of the Japanese players who have a good kid's day, it is definitely enough to bully the old man.

After beating a bunch of old men like thunder, that night, a bunch of people who wanted revenge poured him with wine.

Even if he didn't talk about anything, Roland didn't even know how he got back to his residence in the end, but the contact numbers of Wells Fargo, IBM, Amex, Procter & Gamble, ExxonMobil, Goldman Sachs, and General Motors made him very satisfied when he woke up.

"Although I came here to get rid of Sony, and I didn't find an ally to get rid of Sony here, the jewelry industry has attracted investment, the semiconductor industry has also looked forward, and I know that Warren Buffett, the old coin, has long seen the subprime mortgage crisis, and I also know that Disney has done a lot of bad things, this wave, it's not a loss......"