Omaha World Herald
PUBLISHED SUNDAY, NOVEMBER 18, 2012 AT 12:01 AM / UPDATED AT 5:58 PM
UNO students' thoughts on John Deere stock align with Buffett's
WORLD-HERALD STAFF WRITER
Did Warren Buffett listen to four University of Nebraska at Omaha students who recommended that he invest in John Deere & Co.?
But last week's disclosure of a Deere investment by Berkshire Hathaway Inc. shows the students had the right idea when they completed their final exam for adjunct instructor Robert Miles, who teaches an executive MBA class at UNO.
Gretter Ramirez, James Bowen, Chandrakanth Are and Vincent Wong wrote in their 20-page research paper that Deere would fit Berkshire's criteria — good earnings, a strong brand name, a “moat” to protect against competitors and growth prospects given the world demand for food.
They turned in the paper Oct. 13. Last week, Berkshire reported that it had purchased about $330 million worth of Deere shares sometime before Sept. 30.
“Bingo, they got it,” said Miles, who has written books about Buffett. “It made me feel good.”
The MBA students are a diverse group: Ramirez is a native of Cuba, Are a native of India and Bowen a native of Nebraska. Wong, from Seattle, took the class as a “lifelong learner.”
Miles said the students' correct reasoning about Deere shows that one can study Buffett's principles and past investments and come up with ideas that would fit into Berkshire's investment portfolio. The purchase likely was not by Buffett but rather by one of his two like-minded money managers, Ted Weschler or Todd Combs, who handle most “smaller” investments.
During the three semesters Miles has been teaching the Buffett-oriented class, students have made a couple of dozen such recommendations, and this is the first one to nearly coincide with an actual Berkshire investment.
Next Class: April 29 - May 1 http://cba2.unomaha.edu
2011.03.17 > For Immediate Release
contact: Charley Reed - University Relations
phone: 402.554.2129 - email: firstname.lastname@example.org
Mammel Hall to host Value Investor Conference
on April 28-29>
Omaha - The University of Nebraska at Omaha’s
(UNO) College of Business Administration (CBA)
will be hosting the 8th Annual Value Investor Conference at Mammel
Hall, 6708 Pine St., on April 28 and 29.
The Value Investor Conference, organized by Warren Buffet expert Robert P. Miles, provides a chance for value-minded investors to meet with the CEOs of many of Berkshire Hathaway’s subsidiaries just days before the company’s annual shareholders meeting.
There will be eight presenters at the conference, including David Sokol, chairman of NetJets, Charles Brandes, founder and chairman of Brandes Investment, and Bill Child, chairman of RC Willey.
Other events include a networking lunch and reception for distinguishes authors who have written books related to Warren Buffett. Those who attend the conference can expect to learn tips, tricks and cautionary advice from those who work closely with Buffett and can provide insight into his investment strategies.
Miles, a biographer of Warren Buffet and long-term shareholder of Berkshire stock, will also be speaking at the conference; a preview for the semester-long course he will be teaching for CBA in the fall of 2011
Space for the conference is limited to 100 participants and the cost is $1095.
Registration can be found at valueinvestorconference.com
For more information on CBA, Mammel Hall or the Value Investor Conference,
please contact us
Comments, questions, suggestions,
please email: Robert P Miles
or write to:
Value Investor Conference
℅ UNO EMBA Program
6708 Pine St. MH100
Omaha, NE 68182-0048