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ENTITY
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Omaha Royals
Role & Description
The minor league baseball team in Omaha, Nebraska. Warren Buffett purchased a 25% ownership stake in the team.
Evolutionary History
1993
- Capital Allocation Joke: Buffett often joked that his purchase of 25% of the minor league team was a "capital-allocation decision for which I will not become famous."
- First Pitch: Buffett threw out the first pitch at a game scheduled coinciding with the Berkshire shareholder meeting, joking about his terrible performance the year before (when he threw the ball directly at his foot).
💬 Direct quotes
- "...a baseball game at Rosenblatt Stadium between the Omaha Royals and the Nashville Sounds... As you may know, a few years ago I bought 25% of the Royals (a capital-allocation decision for which I will not become famous)" — 1993 Letter
📚 Historical Mentions & Citations (1)
Click a reference document below to expand and read the exact paragraph(s) containing this concept in the archive.
📜1993 LetterExcerpt Available▼
1993 LetterExcerpt Available
On the previous evening, Saturday, April 23, there will be a baseball game at Rosenblatt Stadium between the Omaha Royals and the Nashville Sounds (which could turn out to be Michael Jordan’s team). As you may know, a few years ago I bought 25% of the Royals (a capital-allocation decision for which I will not become famous) and this year the league has cooperatively scheduled a home stand at Annual Meeting time.