Actionable news
All posts from Actionable news
Actionable news in BRK.A: BERKSHIRE HATHAWAY,

The 'Buffett bounce': 1,000 T-bones, $44M in sales and more

They come for Warren Buffett and leave with jewelry, furniture and more.

This year, about 40,000 Berkshire Hathaway shareholders are expected to descend upon Omaha, Nebraska, for the company's annual shareholders meeting, and in the process provide a significant "Buffett bounce" to area businesses.

At Gorat's Steak House, waiters will serve about a month's worth of food in three days (and about two month's worth of wine), said Gene Dunn, its owner.

Typically during the event, Gorat's sells more than 1,000 T-bone steaks, one component of the traditional "Warren meal" at the restaurant, and more than 2,000 baked potatoes.

"This year, our bookings came quicker than usual, and we were pretty much fully booked by the beginning of April," he said.

To prepare, Gorat's has added a large tent for people to wait before their tables are ready. It also...