Students in the Finance 463 course, Security Analysis and Warren Buffett Business Valuation Techniques, at the University of Nebraska-Lincoln College of Business Administration met the most famous CBA alumnus Warren Buffett ’51 in October.
Selected by merit, undergraduate and graduate students visited Buffett, known as the Oracle of Omaha, at the Berkshire Hathaway headquarters in Omaha, Nebraska, and dined with him at Anthony’s Steakhouse.
During the semester, they complete projects attempting to simulate Buffett’s valuation techniques and also compete for the best idea for a thank you gift for Buffett. This year, the class selected a Ted Williams autographed baseball in a floating case.
Buffett said he was a big fan of former Red Sox player Williams – who played from 1939-1960 – because he felt his investment philosophy was similar to what Williams touted in his book about hitting a baseball. He even has a rare photo from Williams’ first game with the Red Sox.
“Ted Williams described in his book, ‘The Science of Hitting,’ that the most important thing – for a hitter – is to wait for the right pitch,” he said. “And, that's exactly the philosophy I have about investing...wait for the right pitch, and...wait for the right deal and it will come. It's the key to investing.”