Buffett’s “fiesta duck” will feature the billionaire sporting a sombrero, colorful pancho as well as brandishing a maraca while Munger will not be boasting a musical instrument but will have him replete in the roughly same getup as his boss. Cinco de Mayo, which falls on May 5th each year, commemorates the Mexican victory over the French in the 1862 battle of Puebla, Mexico. It has long been a symbol of Mexican unity and togetherness.
Berkshire Hathaway annual meeting
The annual meeting on May 3 will be held at the CenturyLink Center in Omaha, Nebraska which is, of course, the same city that Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) calls home. Last year, Berkshire’s Oriental Trading sold rubber ducks of the two men in considerably more formal attire with the two sporting business suits. The “fiesta ducks” will sell for $5 and are certain to raise eyebrows at your next dinner party if properly displayed.
At this year's inaugural London Quality Growth Investor conference, Denis Callioni, analyst and portfolio manager at European investment group Comgest, highlighted one of the top ideas of the Comgest Europe Growth Fund. According to the speaker, the team managing this fund focus on finding companies that have stainable growth trajectories with a proven track record Read More
“Investing in FUN is always a grande slam,” Oriental’s ad says, mixing Spanish with English. “Celebrate your earnings and Cinco de Mayo with Oriental Trading! Stop by our booth in the CenturyLink Center and be one of the first to score our limited edition Warren and Charlie ducks.”
What is Oriental Trading?
Oriental Trading sells teacher supplies, crafts, wedding items and decorations for most holidays through its website and direct mail. The company was acquired by Berkshire Hathaway just shy of two years ago in a deal valued around $500 million according to a source that was privy to the negotiations.
Each year, tens of thousands flock to Omaha to hear Buffett and Munger wax intellectual on the economy, business, and investing. The company’s subsidiaries like Fruit of the Loom and See’s Candies have often been enlistees to provide souvenirs and small bites to those in attendance. In addition to turning a nice profit, the souvenirs are made to remind investors that the $300 billion holding company knows how to have fun and build brand awareness for Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s subsidiaries.