A group of 27 Foster MBA students headed to Nebraska last week to spend the day with the Oracle of Omaha, Mr. Warren Buffett. It was supposed to be a quick trip consisting of only 24 hours in Omaha, but a mechanically faulty airplane provided us an extra night in the midwestern city and time for one more famous steak which several people took full advantage of.
Mr. Buffett graciously answered questions for two and a half hours ranging from his approach to maintaining an ethical culture at Berkshire Hathaway to explaining how he would invest $10,000 if he was a graduate student with a limited bank account balance. He was completely honest, open and consistently showed his down-to-earth sense of humor. Our favorite quote came during his answer to a question regarding the government’s intervention in the economy:
“You can’t make a baby in 1 month by getting 9 women pregnant.”
No arguments from us on that one.
It was a fabulous trip and completely stress free which we owe entirely to our amazing classmate, Meghann. She was asked by the Dean to be the lead coordinator for the trip and he clearly chose a great woman for the job. She handled all of the frustrating logistics involved in the rebooking of 27 people on a new flight back to Seattle, as well as making sure we had somewhere to sleep for our extra night in Omaha. We thank her profusely. (You can read her take on the trip over at Foster Unplugged.)
Here’s to Foster being invited back to Omaha for a third year in a row in 2011. If we are, I strongly suggest those attending think of a good pose for their few moments with Mr. Buffett. He likes role playing, clearly.