News at Smith

Smith Students Attend Berkshire Hathaway Annual Meeting

May 05, 2012
Experiential / Reality-based Learning


Several Finance Fellows students at the University of Maryland's Robert H. Smith School of Business had the opportunity to travel to Omaha, NE, with Tyser Teaching Fellow David Kass to attend the Berkshire Hathaway Annual Meeting on May 5, 2012.


At the meeting, 35,000 shareholders were in attendance and Warren Buffett and Charlie Munger answered a total of 67 questions from shareholders and analysts, Kass wrote on his blog.

The question I submitted was selected by Andrew Ross Sorkin (He mentioned my name and that I was from Maryland (University of Maryland)):

"One of Berkshire’s largest investments is in Walmart. Have you changed your opinion of this company as a result of the Mexican bribery scandal?"

Buffett and Munger responded to Kass’ question, saying this “was a diversion of management time,” “Walmart’s earning power would not be materially affected,” and there was “nothing fundamentally dishonest about Walmart.”

About the University of Maryland's Robert H. Smith School of Business 

The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.