We just wrapped up the first weekend of May, and it has once again notched the award for most hectic weekend of the year, for three different reasons.
First, it was my birthday, an occasion I've come to anticipate with more dread every year, with each passing doctor's appointment and physical checkup.
The second and most joyous event of the weekend was that big horse race in Kentucky.
Now, I've been to the Kentucky Derby only once and discovered I'm not a huge fan of having bourbon puked on my shoes and mint juleps spilled on me all day. Although I do enjoy a beautiful day at the track, the derby is best watched as I did this weekend - by the pool with a small group of close friends, not surrounded by over 150,000 drunk, preppy strangers.
Being the ridiculous holiday that it is, over 40,000 "Buffettologists" descended on Omaha over the weekend to idolize Warren Buffett and relish being in the same zip code as him. They lined up outside CenturyLink Center at 3 a.m., drank Coca-Cola like sugar-addled middle schoolers, and hung on every word that Buffett and his business soulmate, Charlie Munger, spoke during the meeting's six-hour Q&A session.
And like the previous first weekends of May, this year's Berkfest was just as ridiculous as the last...
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About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of Peak Yield Investor.