Eleven years into my career as a financial journalist, I had the opportunity to attend the annual shareholders meeting of Berkshire Hathaway, the company headed by legendary investor Warren Buffett. As I prepared for this highly anticipated event, I spoke with David Clark, author of “Buffettology,” who offered to give me a tour of Omaha, Nebraska, where Buffett grew up. This allowed me to gain insight into Buffett’s upbringing and lifestyle, shedding light on the ways in which he is both an icon and a product of his hometown.
During my visit to Omaha, I met Clark for lunch at the Happy Hollow Country Club, where he shared stories about Buffett’s preferences, such as his love for Cherry Coke and aversion to alcohol. Clark also highlighted how the annual Berkshire Hathaway shareholders meeting had evolved from a small gathering to a hub for the mega-rich, showcasing the diverse mix of attendees, from billionaires to aspiring investors. As we discussed the appeal of coming to Omaha, I learned about the city’s close-knit community and the unassuming nature of its wealthy residents.
Accompanied by Clark, I embarked on a tour of Omaha that provided further insights into Buffett’s connection to his hometown. Clark, who had a personal connection to the Buffett family, shared anecdotes about Buffett’s early years and interactions with local businesses. As we drove past familiar landmarks like Nebraska Furniture Mart and National Indemnity, I gained a deeper understanding of Buffett’s longstanding relationships with these institutions and his commitment to preserving Omaha’s heritage.
One of the most striking aspects of Omaha was its sense of familiarity and community, reminiscent of the suburbs I had grown up in. Despite their wealth, many residents, including early Berkshire investors, chose to remain in Omaha, underscoring the city’s enduring appeal. Clark explained that the local ethos emphasized staying grounded, doing good business, and maintaining a low-key lifestyle, reflected in the modest country club scene and lack of flashy cars in the parking lot.
As we explored other landmarks, such as Buffett’s former elementary school and Gorat’s steakhouse, I learned about the personal connections that shaped Buffett’s decisions and generosity. From renovating local schools to preserving historic businesses, Buffett’s impact on Omaha was evident throughout our tour. Clark emphasized that Buffett, despite his immense wealth and success, embodied the values of his community by prioritizing humility, integrity, and community engagement.
Overall, my experience in Omaha deepened my understanding of Warren Buffett as both a financial titan and a hometown hero. Through conversations with David Clark and firsthand observations, I gained insights into Buffett’s upbringing, lifestyle, and enduring ties to Omaha. As I reflected on the understated charm of the city and its influential residents, I recognized the enduring legacy of Warren Buffett and his commitment to his roots, shaping not only his investment philosophy but also his personal values and impact on the community.
