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August 2008 Archives

August 19, 2008

Shareholder Meeting with Warren Buffet

by Andy Bruno (Nicholas 2009)

Our adventure to Berkshire Hathaway's annual shareholder meeting began with a seven hour car ride through the rolling hills of the Midwest, arriving in Omaha, Nebraska on Friday afternoon. The car was filled with eager Wisconsin MBA students thrilled to have the opportunity to listen to arguably the two greatest value investors of our time.

Friday night consisted of eating at Gorats, which is a popular steakhouse often frequented by Warren Buffet. Luckily we made a reservation in advance, otherwise there was no chance we would have been seated. The place was packed wtih people who would be attending the shareholder meeting the next day.

Saturday morning was the shareholder meeting, held at the Qwest Center. We woke up early to get in line, hoping to grab decent seats among the 30,000 plus who were expected to attend. Arriving at the Qwest Center at 6:00am with the doors opening at 7:00am, we found ourselves not first in line, nor were we the last. We were in the middle of a long line that curled around the outside of the stadium. Fortunately, another student had awoke at the crack of dawn and was at the front of the line, which resulted in our Wisconsin MBA group sitting on the floor about 25 rows from the "Legend of Omaha".

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August 29, 2008

My Summer Internship at Best Buy

by Deanna Olson (Nicholas 2009)

During my 12-week internship with Best Buy, I was able to really get a feel for what a Senior Financial Analyst does on a day-to-day basis. My position was in the Properties Group, supporting the Real Estate team. My work was focused on helping the team to decide which possible locations for new stores would add the most value to Best Buy.

I completed many projects and ad hoc requests during the summer, but there were three major initiatives I was able to support during my time with the company. In the New Store Opening Audit, I helped my team review new stores opened during Best Buy's 2007 fiscal year to determine if they had performed as our model predicted in terms of revenues and expenses. With this information in hand, I helped the team to determine what changes should be made in the predictive modeling process going forward so that they have a more accurate forecast for the profitability of new stores. This will help the team to be more accurate in their assessment of possible new store locations. A second project I worked on was helping the Environmental Affairs team assess the financial impact of rolling out Best Buy's consumer electronics recycling program nationwide.

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About August 2008

This page contains all entries posted to ACFIN Blog in August 2008. They are listed from oldest to newest.

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