Per Håkan Börjesson
Founder and CEO Spiltan [Europe]
Topic: “How Buffett's Methods Work In Sweden”
Per Borjesson

Per Håkan Börjesson is a Swedish CEO and author. He is a resident of Stockholm and CEO and principal owner of Investment AB since 1986, where he has been full-time since 1997.

Per Håkan Börjesson holds an MSc in Industrial Economics from Linköping University of Technology and an MBA degree from Columbia University. During the 1980s, he worked with Ericsson in the USA and was a SIAR business consultant in Stockholm, and has worked with small family companies, unlisted shares and asset management.

He is a member of the Board of Brothers Börjesson's car, Mälardalen's Finance and Debt Collection, the Alternative Stock Market and the Spiltan Funds.

Per H Börjesson discusses small business and financing, has held talks and has written three books: This is how all Swedes can become millionaires, How to get a rich life as a retiree: end pension savings!, and This is How Warren Buffett became the world's richest person. All three books are published by the Stock Savings Knowledge Publishing.

For more information on Splitan, click here.


Tom Gayner
Co-CEO, Markel Corp
Topic: “Conversation and Q&A with Tom Gayner”
Will Thorndike

Mr. Thomas S. Gayner, also known as Tom, has been Co-Chief Executive Officer of Markel Corp. since January 1, 2016. Mr. Gayner is the Co-Chief Executive Officer at Markel Ventures, Inc., where he had been the President since May 2010. He served as the Chief Investment Officer at Markel Ventures, Inc. from May 2010 until December 2015. He serves as the Chief Investment Officer and Secretary at Markel-Gayner Asset Management Corporation and has been its President since December 1990. He served as the President of Markel Corp. from May 2010 to January 1, 2016 and its Chief Investment Officer from January 2001 to December 2015. He served as an Executive Vice President of Markel Corporation from May 2004 to May 2010. He joined Markel Corporation in 2001.

Previously, he was a certified public accountant at PricewaterhouseCoopers LLP and a Vice President of Davenport & Company of Virginia. He serves as Principal and Member of Fund Manager Board of Markel|Eagle Partners LLC. He served as an Equity Analyst at Davenport & Company LLC's Research Division. He serves as the Chairman of various funds in the fund complex of Davis Funds. He has been an Independent Director of Cable ONE, Inc. since June 5, 2015, Colfax Corporation since May 13, 2008 and WP Company LLC since January 18, 2007. He has been a Director of Markel Corp. since August 30, 2016. He serves as Lead Independent Director at Cable ONE, Inc. He has been an Independent Director at Graham Holdings Company since January 18, 2007.

Additionally, Mr. Gayner serves on the Board of Directors of the Community Foundation of Richmond. He serves as a Director of Diamond Healthcare Corporation. He served as a Director of Markel Gayner Asset Management Corporation until 2004. He served as a Director of Markel Corporation from 1998 to 2004. Mr. Gayner received a B.S. in Commerce from the McIntire School at the University of Virginia in 1983.

Beini Zhou
Portfolio Manager. Matthews Asia
Topic: "Buying Growth at a Discount – Value Investing is Alive and Well in Asia"
Beini Zhou

Beini Zhou is a Portfolio Manager at Matthews Asia and manages the firm's Asia Value Strategy, and co-manages the Asia Small Companies Strategy. Prior to joining Matthews Asia in 2013, he was a Research Analyst with Artisan Partners on the Global Value Team, responsible for covering pan-Asia stocks across all industries. Before joining Artisan in 2005, Beini spent three years as a senior product analyst at Oracle Corp.

He received an M.S. in Computer Science from the University of California, Berkeley and a B.A. in Applied Mathematics from Harvard College. He is fluent in Mandarin. Beini has been a Portfolio Manager of the Matthews Asia Value Fund since its inception in 2015 and of the Matthews Asia Small Companies Fund since 2014.

Tom Russo
Partner and Portfolio Manager at Gardner Russo & Gardner
Topic: "Conversation and Q&A with Tom Russo"
Tom Russo

Mr. Thomas Russo is a Partner and Portfolio Manager at Gardner Russo & Gardner. He joined the firm in 1989.  Mr. Russo is also a General Partner at Semper Vic Partners, L.P. and Semper Vic Partners (QP), L.P. Prior to this, he was employed at Ruane Cunniff & Company and Cumberland Associates. Mr. Russo is a member of California Bar Association and the Board of Visitors for Stanford Law School. He is also a charter member of the Advisory Board for the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School. Mr. Russo is a member of Dartmouth College’s President’s Leadership Council and the Dean’s Circle at Stanford Law School. He received a B.A. degree from Dartmouth College in 1977. Mr. Russo has also obtained M.B.A. and J.D. degree from Stanford University in 1984.

Yefei Lu
Author, Portfolio Manager, Shareholder Value Management [Germany]
Topic: “Inside the Investments of Warren Buffett: 20 Cases”
Yefei Lu

Yefei Lu is a Portfolio Manager at Shareholder Value Management AG, a value investment company based in Frankfurt, Germany. Previous to Shareholder Value Management, Mr. Lu worked for a single family investment office in Munich, Germany and for McKinsey & Company in Berlin, Germany. Mr. Lu has an MBA from the London Business School, United Kingdom and a Bachelor of Arts in Economics from Stanford University, Palo Alto, USA.

Shareholder Value Management

Bob Robotti

Bob Robotti is the founder and CIO of Robotti & Company Advisors LLC, a registered investment adviser, and president of Robotti & Company LLC, a registered broker-dealer. Mr. Robotti began his career as an accountant, and served as CFO of Gabelli & Company before founding Robotti & Company in 1983. The firm's success over time has been due to his and his team's ability to identify companies trading at a significant discount to intrinsic value. While investing across a wide range of industries, Mr. Robotti has been particularly active in the energy sector for his entire career. Mr. Robotti graduated from Bucknell University and holds an MBA from Pace University.

Jennifer Oppold

Prior to founding Alpine Peaks Capital in 2017, Jennifer spent the previous ten years at Select Equity Group, L.P., a fundamentally-focused equity hedge fund and long only manager based in New York, with assets under management in excess of $20 billion. She worked from 2007 to 2017 on the firm's domestic equity strategies. At the time of her departure in 2017, Jennifer served as the sole associate portfolio manager of the firm's flagship hedge fund strategy SEG Partners (the firm's U.S. long/short strategy) in addition to her responsibilities as a senior analyst for Select's small and mid-cap long only strategy. During her tenure, Jennifer focused on the short selling process and helped design and implement formal risk and portfolio analytics for the firm. Jennifer began her career as a management consultant with McKinsey & Company in its New York office from 2001 to 2003, advising multi-national corporations across industries on global strategy and operational efficiencies. From 2003-2007, Jennifer studied at Harvard Law School and Harvard Business School, from which she earned a joint JD cum laude and MBA in 2007. Jennifer received an AB cum laude in International Relations from Princeton University's Woodrow Wilson School of Public and International Affairs in 2001.

William Smead
Founder, CEO, CIO; Smead Capital Management
Topic: “Value Stock Selection in an Era of Aging Millennials”
William Smead

William is the founder of Smead Capital Management, where he oversees the firm. As Chief Investment Officer, he is the final decision-maker for investment and portfolio decisions as well as reviewing the implementation of those decisions in the firm's separate accounts and mutual funds.

William began his career in the investment business with Drexel Burnham Lambert in 1980. He left Drexel Burnham Lambert in 1989 as First Vice President/Assistant Manager and joined Oppenheimer & Co., where he stayed until joining Smith Barney in 1990. William remained at Smith Barney until September 2001 when he joined Wachovia Securities becoming the Managing Director/Portfolio Manager of Smead Investment Group of Wachovia Securities. In 2007, William left Wachovia Securities to found Smead Capital Management.

Charles "Chuck" Murphy, CFA, founded Liberty Park Capital Management in Austin, Texas in 2012 and is the Portfolio Manager of Liberty Park Fund, LP, a low-net, true-alpha long/short equity hedge fund with an emphasis on smaller-cap industrial equities.

Prior to founding Liberty Park, Mr. Murphy spent seven years as a Senior Analyst covering the industrials sector at Sidoti & Co., the largest provider of small-cap equity research in the United States. While at Sidoti, Mr. Murphy was named a "Master Stock Picker" in the Wall Street Journal's "Best on the Street" survey. Prior to Sidoti, Mr. Murphy worked at Morgan Stanley Investment Management.  He is a graduate of Texas A&M University.

Francisco García Paramés
Founder, Portfolio Manager, Cobas Asset Management [Euruope]
Topic: “Investing for the Long-Term"
Francisco Garcia Paramés

Originally from El Ferrol, Spain, Mr. Parames graduated with a degree in Economics and a MBA from IESE School of Business in Barcelona. His track record of 25 years near the top of performance rankings makes him one of Europe's leading asset managers in the "value" school.

As a self-taught follower of Warren Buffett's investment approach, his asset management style is based on strictly applying the principles of value investing (Graham, Buffett, Peter Lynch, etc), within the framework of the Austrian business cycle theory.

Mr. Parames is a voracious reader, and he seems to get through books as briskly as his daily walks. He is also a keen swimmer, and sometimes plays golf.

Author of the book Investing for the Long-Term.

Florian Bartunek
Founder, CIO; Constellation Asset Mgmt [South America]
Topic: “Would Buffett Be Successful in Emerging Markets?”
Florian Bartunek

Florian Bartunek is the founding partner and CIO at Constellation. Florian founded Constellation in 1998 as Utor Investments, a proprietary fund for the ex-owners of Banco Garantia. Prior to founding Constellation, Florian was a partner at Banco Pactual where he was the head of research, proprietary trader, and manager of all equity portfolios/funds. During Florian´s time at Pactual (1990-1998), he managed the Andrômeda Fund, the Infinity Fund and a segregated portfolio for George Soros. Florian initiated his career at Banco Nacional in 1989.

Florian earned a B.S. in Business at Pontificia Universidade Católica – PUC Rio (1990). He completed Harvard's 2010/11/12/13/14 YPO President's Program and Bruce Greenwald's Value Investing Course, at Columbia Business School. Florian was also a professor of a Value Investing course at IBMEC University in São Paulo (currently Insper), president of the Paulista Chapter of YPO-Young Presidents Organization and Director of the International Department for the Brazilian Investment Banking Association - ANBID. Florian is Vice President of ProA one of the largest NGOs for professional education in Brazil, board member of "Fundação Estudar" and member of its Endowment Investment Committee and board member of the Lemann Foundation, the Museum of Art of Sao Paulo – MASP, Fundação Estudar, Abril Educação and New School Magazine.

Chad Naylor
CEO, Naylor & Company
Topic: "The Dynamics of Change in Value Investing"

Chad Naylor

Chad Naylor is the CEO of Naylor & Company. He is responsible for making all investment selections in the Naylor & Company Core Composite. Chad comes from a family steeped in investing history, going back three generations. Throughout his life, he made his own investment decisions and furthered the family practice of holding high-quality, value-based companies through good times and bad. In college, Chad studied Anthropology and Law and practiced as a corporate lawyer for 12 years. This work enhanced his ability to critically analyze the conditions of industries n recovery and the investment prospects of the companies in those industries. After seeing a strong need in the investment industry for the investing style developed by his family, he founded Naylor & Company in 2003. Chad graduated with Highest Distinction from Indiana University and Summa Cum Laude from Indiana University School of Law.

Omaha Value Dinner
Keynote Speaker
Elizabeth Collins, CFA, Head of Global Equity Research, Morningstar

Topic: "Making Smarter Investment Decisions”

Takeaways: (1) Cautionary tales and success stories from across the globe;
(2) Avoiding biases and harmful heuristics; (3) Designing processes that lead to improved outcomes

Elizabeth Collins, CFA

Elizabeth Collins, CFA, is head of global equity research for Morningstar, responsible for leading the firm's team of equity research analysts. Before assuming her current role in 2014, Collins was chair of Morningstar's Economic Moat committee, a group of senior members of the equity research team responsible for reviewing all Economic Moat and Moat Trend ratings issued by Morningstar. She was also director of basic materials equity research, where she oversaw coverage of companies in the agriculture, building materials, chemicals, coal, forest products, metals and mining, packaging, and steel industries. Prior to leading the basic materials team, Collins was a senior analyst on the energy team. She joined Morningstar in 2005. Collins holds a bachelor's degree in psychology from Boston College and a master's degree in business administration from DePaul University. She also holds the Chartered Financial Analyst® designation.

Omaha Value Dinner
Keynote Speaker
Ross Glotzbach, CFA, CEO, Head of Research, Southeastern Asset Management

Topic: "Southeastern Asset Management Value Approach"


(1) Opportunities and challenges of value investing; (2) Investment research ideas;

Ross Glotzbach

Mr. Ross Glotzbach, CFA serves as Chief Executive Officer, Head of Research, Principal, Director and Portfolio Manager at Southeastern Asset Management, Inc. Previously, Mr. Glotzbach served as President and Senior Analyst at the firm and has been with the firm since 2004. He served as a Corporate Finance Analyst at Stephens Inc. from the year 2003 to 2004. Mr. Glotzbach serves as a Director of Ballet Memphis Corporation. He has an extensive investment experience. He is a CFA Charter holder since 2006. Mr. Glotzbach received a B.A. in Economics from Princeton University in 2003.

Ronald L. Olson is a name partner in the Los Angeles office of Munger, Tolles & Olson. Mr. Olson’s practice involves a combination of litigation and corporate counseling. He counsels individual executives and boards of directors in a wide range of matters, including transactions and corporate governance. Mr. Olson has also been the lead partner in numerous high-profile litigation matters. 

Mr. Olson is a director of Berkshire Hathaway, Edison International, City National Corporation, Graham Holdings Company, and Western Asset Trusts. He serves as a director of several non-profits, including the RAND Corporation (formerly chair), the Mayo Clinic, and the California Institute of Technology. He was chairman of the American Bar Association’s Litigation Section (1981-1982) and the American Bar Association’s Standing Committee on Federal Judiciary (1991-1992). He was also chairman of the board of trustees of Claremont University Center and Graduate School (1984-1994), founding chairman of the board of trustees of Southern California Public Radio (1999-2004) and a director of the Council on Foreign Relations (2002-2010). 

Read more detailed information about Mr. Olson here.

Nicole Friedman

Nicole Friedman covers Warren Buffett, Berkshire Hathaway and the insurance industry for The Wall Street Journal in New York City. She previously covered oil and natural-gas markets. Before the Journal, Nicole worked as a reporter at The Oregonian in Portland, Oregon. She is from California and attended Brown University. Follow her on Twitter: @NicoleFriedman.

For more information on Ms. Friedman:

Don Wurster

Don. Wurster serves as the President of National Indemnity Company and Berkshire Hathaway Life Insurance Company of Nebraska. Mr. Wurster was employed By Pacific Stock Exchange, San Francisco, CA. from 1980 to 1982. Mr. Wurster is graduate of University of Michigan, Ann Arbor, Mi, in 1975. He holds an MBA Degree from University of California, Berkeley, Ca in 1980.

About National Indemnity: National Indemnity Company provides commercial insurance products. It offers commercial auto insurance products, which provide coverage for business auto, commercial trucks and truckers, passenger transport, and specialty operations; garage insurance products that provide coverage for dealers, and service and repair shops; motor truck cargo insurance that provides coverage for loading and unloading, refrigeration breakdown, and earned freight operations; and prize indemnification and special events insurance products. The company also provides general liability insurance, which provides coverage for construction, manufacturing and distribution, transportation, miscellaneous, and stores and rental operations, as well as installation, service, and repair operations. It offers its products through retail and contracted general agents in the United States. The company was founded in 1940 and is based in Omaha, Nebraska. National Indemnity Company operates as a subsidiary of Berkshire Hathaway Inc

Takeaways TBA:

Robert N. Darby

In Rob Darby's earlier career, he served as an actuary and consultant and in various management roles in the property-casualty insurance industry. In 2006, Mr. Darby became CEO of the Berkshire Hathaway Homestate Companies – Workers Compensation when the insurance agency where he served as President and with whom Berkshire had partnered was purchased by Berkshire. In his tenure, Mr. Darby has grown the company to over $1 billion in premium from a low of less than $200 million, with in-force insurance in every state in the country. Today, Berkshire is a leading national provider of workers compensation insurance, ranked #2 in California and #7 nationally when all entities writing workers compensation are combined. Mr. Darby graduated from the University of British Columbia in Vancouver, BC where he majored in Meteorology. Mr. Darby is a Fellow of the Casualty Actuarial Society, and a member of the NCCI Board of Directors. On his days off, Mr. Darby enjoys traveling, photography, hiking, and storm chasing.

Takeaways: (1) Berkshire first family owned business purchase;
(2) NFM culture before and after Berkshire; (3) 6 decades of retailing experience

Bob Batt

Robert Bat is the retired executive vice president of Nebraska Furniture Mart (NFM). He earned a bachelor's of science in business from UNO in 1976. An Omaha native, Batt is the grandson of Rose Blumkin, who founded NFM in 1937. He began working for the company at age 14.

Batt has been active in civic and community organizations at the local, state and national levels. He currently serves on the Nebraska Liquor Commission, which regulates licenses and collects alcohol taxes, and is a member of the Sarpy County Sports Commission and the Salvation Army Advisory Board.

Previously, Batt served on the State Comprehensive Capital Facilities Planning Committee, which reviews building projects requested in the state budget. He also served as chairman of the Omaha Personnel Board from 1998 to 2003. Beyond Nebraska, Batt served as a charter member for the U.S. Concert Committee for Yellowstone, which raised funds to restore the park after it was ravaged by fire in 1988.

In 2010, Batt was honored as the Omaha Press Club's 124th member of Faces on the Barroom Floor. This distinction has been bestowed on Omaha newsmakers since 1971. In December 2010, he was presented the UNO Alumni Association's Citation for Alumni Achievement. Batt and his wife Janice are active in funding research to eliminate juvenile diabetes and sponsored the 14th Annual Juvenile Diabetes Research Foundation gala in 2011. In his spare time, he travels with his wife and daughter Sara.

Tony Nicely
Topic: “Conversation and Q&A with Tony Nicely”
Tony Nicely, CEO, Geico

Mr. Olza M. Nicely, also known as Tony, has been an Executive Chairman of Government Employees Insurance Company, Inc. (GEICO), a subsidiary of Berkshire Hathaway Inc. since 1993 and has been its Chief Executive Officer since 1992. Mr. Nicely served as President and Chief Executive Officer - Insurance Operations at Government Employees Insurance Company, Inc. in 1993. He served as President of Government Employees Insurance Company (GEICO), a subsidiary of Geico Corp. from 1989 to July 2013 and served as its Executive Vice President from 1987 to 1989 and Senior Vice President from 1985 to 1987. Mr. Nicely has been a Director of GEICO Corp. since 1985. He has been an Executive Director of Government Employees Insurance Company, Inc. since 1990

Katherine Chiglinsky

Katherine Chiglinsky is a finance reporter at Bloomberg News where she covers Berkshire Hathaway and insurance companies. She's had bylines in publications such as the Daily Press in Newport News, Virginia and was editor in chief of her college's student newspaper, where she won the Rex Smith Journalism Award. She received a bachelor's degree from the College of William and Mary in Virginia. She's on Twitter at @k_chiglinsky.

Robert P Miles

Robert P. Miles is an internationally acclaimed keynote presenter, author and distinguished authority on Warren Buffett and Berkshire Hathaway.

Pursued by journalists and media moguls on just about each and every move that Mr. Buffett makes, Robert is not only a long term shareholder of Berkshire Hathaway [nyse: BRKa/BRKb], he has had the great honor of getting to know Warren Buffett, the man and the remarkable wealth-building strategist.

He is the author of 3 books, has created assorted audio and video programs, and has appeared on many radio and television programs on five continents, including NPR, CNN, CNN International, CNBC, FOX Business, Channel News Asia, Sky Business News, Shanghai Today, CNBC Asia, CNBC Africa and Bloomberg TV. His Buffett CEO book was featured as a special on National Public Television's Nightly Business Report.

As the writer of the top-selling books, The Warren Buffett CEO: Secrets From the Berkshire Hathaway Managers  and 101 Reasons To Own the World's Greatest Investment: Warren Buffett's Berkshire Hathaway [Wiley], Robert has relentlessly followed his passion and found great success in doing so. 

He is the author and presenter of Warren Buffett Wealth: Principles and Practical Methods Used by the World’s Greatest Investor[Wiley (book) and Nightingale (audio)]. He is host of the Buffett CEO Talk video series, conversations with the Berkshire Hathaway managers filmed before live studio audiences and broadcast on public television.

Many of his live keynotes, along with his hardcover and paperback books have been translated into assorted foreign languages, including Chinese, Korean, Thai, Japanese, and Vietnamese.

Known for his subtle wit and entertaining stories, this author without borders has shared his valuable insights, strategies, philosophies, and anecdotes with enthusiastic audiences throughout the world.

For more than a decade, Miles has given hundreds of live presentations throughout North America, Europe, Asia, Africa and Australia in 15 countries, over 45 cities and 12 universities.

Miles is the founder and host of the original Value Investor Conference held each year immediately preceding the Berkshire Hathaway annual meeting. Attendees from all 6 continents enjoy this unique retreat style forum featuring presentations from Warren Buffett CEOs, global investment managers and best-selling authors. 

In the fall of 2011, at the University of Nebraska at Omaha, Robert Miles created the curriculum and began teaching a graduate Executive MBA course based on his worldwide lectures and titled The Genius of Warren Buffett: The Science of Investing and the Art of Managing. This one of a kind program includes a distinguished speaker series, multiple valuation case studies of actual businesses and stocks purchased by Warren Buffett, and for the final exam, student presentations of businesses they think would best fit into the Berkshire family of businesses.

Miles is a graduate of the University of Michigan Business School and resides in Tampa, Florida.

Read more detailed information about Mr. Miles here.

Recommended Books by Robert P. Miles: (1) 101 Reasons to Own the World's Greatest Investment (2) Warren Buffett CEO (3) Warren Buffett Wealth

* = tentative depending on Berkshire Manager meetings.