Peter Bowers

2008 Wesco Shareholder Meeting: Detailed Notes

Lest I forget, thanks for the publishing of the meeting transcript. It will become valuable material quoted in the future to unwilling victims.
Pete Bowers, President, Satellite Electric Co., Inc.

2008 Wesco Shareholder Meeting: Detailed Notes

I stumbled upon this transcript by accident. I read, mesmerized by the common sense commentary given to each question asked. I am a small business operator (an old small business man), who sits here thinking just what I could have accomplished better if I had brushed up against this level of thinking when I stated some 42 years ago. Maybe it's not too late to paraphrase Mungers thoughts in future motivational correspondence with my industry contemporaries.
Trivial as it sounds, amazing, just flat amazing! Makes my owning a paltry number of shares that much more valuable.

Berkshire's See's Candy: Magic Formula Stock from 1972?

At least User 63996 doesn't compare cost to degradation of the product. Strange how perspective can be distorted over time. The 1972 Mustang is not the Mustang of 2007, not in shape, size or simplicity, yet some still buy. The complexity is up, the weight is down and the price? Some where near exorbitant I think. Value is in perception and P. T. Barnum perfected the market for Buffett to follow.