Warren Buffett's Woodstock, 2015 edition

Warren Buffett’s Woodstock, 2015 edition The premier event of the weekend may have taken place not in not Las Vegas or Kentucky, but Omaha, Nebraska where Berkshire Hathaway’s annual meeting is held. Chairman and CEO Warren Buffett fielded questions from some the 40,000 shareholders in attendance. As usual, most of Berkshire’s products were available for purchase at the annual meeting, from Heinz ketchup to chocolate from See’s Candies. But Buffett’s opinions of Berkshire products aren’t always the same as our readers and testers. For example: Read more about how to do well in the stock market in our story, “ Invest like Warren Buffett.” Buffett may have detected value when Berkshire Hathaway joined with 3G Capital to purchase Heinz in 2013. But in our condiment taste-off, nearly half of our tasters preferred a store-brand ketchup to Heinz’s. Nor were Kraft’s salad dressings any better—the three we tested all ranked in the bottom half of our store-bought salad dressings ratings. (Heinz announced that it was acquiring Kraft Foods earlier this year.) The jewel in Berkshire Hathaway’s crown, casualty insurer GEICO, does appeal to our more price-sensitive readers. But overall, in our 2014 survey on auto insurance, GEICO rated in the middle of the pack. One Berkshire product we rate highly is Benjamin Moore paint, which Berkshire has owned since 2000. Both its interior and exterior paints made our recommended list in our most recent tests. Over the weekend, Buffett also took a jab at Whole Foods, suggesting that Coca-Cola makes people happy, and that he doesn’t see many smiling people shopping at Whole Foods Markets. (For the record: Consumer Reports’ readers are relatively satisfied with Whole Foods, except for the prices). And some unmentionables remained unmentioned. Although we’ve no doubt Buffett stands behind Berkshire’s Fruit of the Loom products, Buffett apparently wasn’t asked about them. Fair enough: Consumer Reports hasn’t rated tightie whities or other men’s undergarments, for years.  –Chris Horymski Consumer Reports has no relationship with any advertisers on this website. Copyright © 2006-2015 Consumers Union of U.S.

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