The folks at
Fidelity Investments will have their own version of Buffett Day tomorrow after
asking more than their share of questions at last year's
Berkshire Hathaway annual meeting,
Fortune reports.
Back in December,
Warren Buffett lamented to the
Wall Street Journal that Fidelity had figured out how to game the Q&A system and that he was planning his countermove.
Now,
Fortune's Carol Loomis reports:
Not delighted about any kind of subterfuge, but recognizing that the Fidelity approach
was a brand of compliment, Buffett decided on a soft response. He asked his financial assistant, Tracy Britt, who
used to work at Fidelity herself, to tell the company that if its people were that interested in asking questions, they could have their own version of Buffett Day. Buffett put no limit on the number of people who could come. "As many as they like," he told Britt.
Fidelity is sending more than 100 people to Omaha tomorrow,
including
Chris Bartel, senior vice president of equity research and CIOs
Joseph Desantis and
Bob Litterst.
The Fido contingent can ask the Oracle of Omaha anything they like except for one topic: Berkshire Hathaway. "He didn't want the Q-and-A to turn into an analysts' meeting centered on Berkshire (of which Fidelity owns lots)," reports Loomis. 
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