3555 Farnam Street
Omaha, NE 68131
August 31, 2012
Dear Mr. Buffett,
I must start this letter by admitting that I do not currently own any shares of Berkshire Hathaway, INC. I do however, find your investment strategy (find something good and make lots of money off of it) and your philanthropic strategy (give most of that made money away) to be inspirational and exactly what we should expect from leaders in our country.
But this open letter is not about big issues or strategy. It is about one of your investments and why I believe you found it to be such a worthwhile place to park some coin over a finite period of time: Brooks Sports.
As you can tell from above, I have been a fan of yours for quite some time. My mother taught me from a young age to respect the power of Berkshire and your strategies behind its power. She purchased a share back in the day, and made a handsome profit on that investment. She regularly says she "could kick herself" for selling that one share when the investment doubled, but it was still one of the best investments she ever made. It serves as a fantastic learning opportunity for us all.
I have been a fan of Brooks for a shorter period of time. After running a in a few different kinds of shoes, I discovered the Adrenaline GTS 11s. These shoes were both light but supportive of my extremely flat feet. However, like most shoe companies, Brooks updates its shoes every year so to make us runners have to change into new shoes. Granted we run through on average 2.6 pairs a year, but I don't like having to get new shoes after I find a pair I like.
So when Brooks came out with Adrenaline GTS12s with a cartoon of you on it sole I knew I had to own these shoes. These shoes were made especially for your last shareholder meeting. Not being a shareholder, it took some work to procure those shoes.
I called the only shoe store in the country with pairs of these shoes and ordered them to be sent first class mail from Omaha to San Francisco.
|Good running investment?|