Warren Buffett is the world’s leading investor and one of the richest men in the world. So it’s unsurprising that many people are constantly seeking his advice on financial, investment, career, and even personal goals. However, getting through to someone like Warren Buffett can be something of a challenge.
While you can try something simple like calling his office or sending an email, there is no guarantee that you’ll be able to actually get through to the Wizard of Omaha himself. Buffett gets hundreds of correspondences a day, and there are people at Berkshire Hathaway whose job it is to sort through all of the emails, calls, and letters to Buffett. But, once a year, investors have the chance to submit questions to Buffett during the Berkshire Hathaway annual shareholder’s meeting.
At the shareholder’s meeting, Buffett and Munger together field questions submitted from shareholders and Buffett fans around the world. There are two different ways that you can give your question a chance:
1. Attend the Berkshire Hathaway Shareholder’s Meeting
If you’re a Berkshire Hathaway shareholder, then you’ll have exclusive access to Warren Buffett himself. While you won’t be able to walk up and ask him in person (most likely), every year before the Q&A session there is a drawing for eleven microphones. The lucky winners will get the chance to stand up and ask their question personally and have Buffett and Munger address it in person.
It should be noted, however, that there are literally thousands of people who will likely be submitting their names for that drawing. However, the experience of getting to personally ask the world’s top investors a question is well worth the time.
2. Submit your question before the Berkshire Hathaway Meeting
The majority of the questions that Buffett and Munger will address will be asked by three professional business journalists based on submissions that they receive. You can send your questions to one of the following:
- Carol Loomis – [email protected]
- Becky Quick – [email protected]
- Andrew Ross Sorkin – [email protected]
Each journalist will choose five or six questions from those submitted to ask Buffett. When emailing a question, make sure that you include if you want your name mentioned if the question is selected.
Tips for asking a good question
whether you’re planning on submitting a question or simply putting your name in the drawing to ask it yourself, it’s important to make sure that you have a really good question which is worded correctly. Here are some tips for asking Warren Buffett a question:
- Keep your question concise — Don’t bundle multiple questions in one, and make sure that the question is short, clear, and to the point.
- Do your research! — There is a wealth of information available on both Buffett and Munger. Do a quick Google search for your question before submitting it for the best results. The really interesting questions are what will grab attention and improve your chances of being picked.
- Don’t ask about what they’re buying or selling, or why — Even if it’s public information, Buffett and Munger don’t like talking about their methods and reasons for purchasing specific stocks.
- Don’t ask for specific stock advice — Buffett and Munger don’t know you or your finances, so avoid asking for recommendations about specific stocks to buy or about international stock markets.
- Avoid yes/no questions — The best questions will be open-ended and allow Buffett and Munger to share their wisdom, so avoid wording questions as yes or no, and try to avoid leading questions as well.
- Don’t ask for money — This should be a no-brainer, but Buffett isn’t in the practice of giving out charity to private individuals, and a Q&A session isn’t the appropriate time for this.
- Be polite — Buffett and Munger don’t have to do Q&A sessions, so make sure that you’re professional and polite when asking questions.
If you aren’t going to be able to attend the Berkshire Hathaway shareholder’s meeting, make sure that you check out Yahoo’s livestream of the event so you can hear the answer!