Weekly Market Report – March 28, 2024

Mar 28, 2024 | 0 comments

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Restaurant & Retail Updates

El Milagro Mexican Bar & Grill is scheduled to open in April at 531 North 155th Plaza in Pepperwood Village. The sit-down restaurant is described as “upscale Mexican dining.” It will be the latest concept from Javier Trujillo, owner of Javi’s Tacos, Time to Rise and Shine Elkhorn, Frosty Mug Sports Bar and Helados Locos.

Ziggi’s Coffee Drive Thru plans to build a location near 201st & Q Street, according to Perkins-Critser Construction. Groundbreaking is scheduled for next week and opening for late summer. It will be Ziggi’s first Omaha-area location. The Colorado-based company has locations nationwide including one in Lincoln and one coming soon in Fairbury, Neb.

A yet-to-be named Asian restaurant plans to open in mid-May in the former Frank’s Pizzeria space at 5413 South 72nd Street in Ralston’s Main Street Plaza. The restaurant will likely feature ramen and dumplings.

Golden Apple Buffet will open soon at northeast of 72nd & Cornhusker Road in Papillion. Interior build-out is underway. The restaurant will seat 280 people and will have more than 150 items available including Chinese food and sushi.

Charred Burger + Bar plans to open its newest location at 12434 Southport Parkway in La Vista in late April. Charred has an existing location southeast of 132nd & Pacific Street.

Nerd.y.nails, a locally owned nail salon, plans to open in late April at 1605 Farnam Street. The downtown location is right next to Block 16.

The Poppy Sage Boutique opened March 6th at 2624 North 205th Street in Olde Towne Elkhorn. The business sells “sensory friendly kids clothing, bamboo and handmade accessories” and plans to host events for children and their families.

A sign of progress – Exterior signage has been installed on the future Smash Park building, a 30,000 sq. ft. entertainment center in La Vista’s Southport area. Smash Park will include food, drink, pickleball, axe throwing, duck pin bowling, private karaoke suites and more than 100 HD televisions. A 15,000 sq. ft. outdoor entertainment space and rooftop deck are part of the complex.

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The “Restaurant & Retail Updates” section is sponsored by Anderson Convenience Market, featuring Quality AMOCO Fuels and serving Omaha since 1952, and proud to announce the return of Quality Amoco Fuels. Look for changes this Summer at Anderson Convenience Market – 8 Omaha area locations!

Learn more about Anderson Convenience market at www.Anderson1952.com

Grow Omaha Eats with
Sarah Baker Hansen

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Review: At Tracks, carefully crafted chicken wings keep regulars coming back

By Sarah Baker Hansen

At Tracks Lounge, chicken wings might be the main attraction.

You would be hard pressed to walk past the handful of patio tables or the regulars holding up the bar and not see a basket of extra large, charred, saucy wings in front of them, along with a beer and a pile of crumpled napkins.

Count me and eight of my friends and four kids among them one recent Tuesday night, when we gathered over no fewer than a half dozen baskets of wings of all flavors, many beers and many, many napkins.

I’ve eaten wings at four destinations over the past few weeks, and I can tell you this: Tracks are some of the best that I’ve tried.

“I’ve worked in the industry my whole adult life, and one thing that sets us apart,” said co-owner Mark Pogge when I talked to him later, “is that all our sauces are made from scratch, not just Frank’s Red Hot and butter.”

That and the fact that every wing at Tracks goes straight “from the fridge right to the fryer,” Pogge said. There’s no par cooking and no frozen chicken. That, he said, makes a difference in the texture and taste of the final product.

We found large, juicy wings across the board with plenty of different styles of sauce. Probably my favorite was the mild Buffalo char buffed and then re-dipped in Parmesan garlic sauce. Similar to the wings I most liked at Everett’s, this combination in particular is killer. If you prefer more heat, you can also get this combination with the hot Buffalo sauce, which we did, and which had a significant jump in terms of spiciness.

Pogge said combining different sauces is something Tracks has been doing for years, and now other wing places have followed suit.

“We have regulars that mix and match three sauces and want me to name (the combination) after them,” he said, chuckling.

Another thing Pogge and his co-owners — his brother Justin Pogge and friend Dylan Foster — have seen since they took over Tracks last June is customers crazy for “Hot Ones” style super spicy wings.

One of my friends ordered Tracks super spicy “Twisted” wing and found it, well, super hot. I think he came close to eating half the wings in his basket, and took the rest to go. I definitely saw some sweat on his brow, not gonna lie.

Tracks uses Ghost pepper sourced from Bellevue-based Volcanic Peppers in its hottest sauce, among other secret ingredients.

“We have a couple regulars that get the Twisted wings double dipped and then bring their own hot sauces because it’s not enough,” Pogge said.

Back in the day, when it opened in 1965, Tracks was known for its broasted chicken, and Pogge said it’s still on the menu today, one of just a handful of Omaha spots still serving it. Though chicken wings weren’t on those early menus, chicken was, and it’s always been a staple.

I will admit I didn’t try those super spicy wings — I get heartburn, friends — but I did enjoy an order of the milder Guinness infused honey barbecue wings topped with chopped fresh jalapeno. (Tracks offers jalapenos, extra homemade ranch or extra homemade blue cheese for an additional $.50.)

The Guinness brings a pleasant, almost savory nuttiness to the sauce that’s balanced by the pure, rich sweetness of honey. I liked the kicky crunch the jalapenos added, and that’s an add on I would try again. My friend ordered the Thai peanut — one of two new sauces the new owners added to the menu, along with mango habanero.

She described it as “very peanutty, and great for kids.” I was too full of char buffed wings to try it by the time her order arrived, but I did appreciate the clever topping of chopped peanuts, a-la pad Thai.

Tracks is, at its heart, a neighborhood dive bar that just happens to serve some of the best, most thoughtfully crafted chicken wings around. I’ll be back, not just for the friendly service and fun atmosphere, but yes, for the chicken, too.

Tracks Lounge
https://www.trackslounge.com/
1506 S. 60th St.
402-905-0102
Hours:
Sun-Thurs: noon to midnight
Fri & Sat: noon to 2 a.m.

Grow Omaha Eats with Sarah Baker Hansen is sponsored by Cheer Athletics, one of the largest and most respected All-Star cheerleading programs in the United States. The Omaha location is at 14620 Gold Coast Road, near Highway 370 and 144th Street. Learn more HERE!

The Big Story

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Photo above: Rendering of Leavenworth Lofts

Urban Apartment Construction Update

Omaha has one of the healthiest apartment markets in country with high occupancy and thousands of new units under construction. Today we provide a construction progress report on some of the major apartment projects under development in the urban core.

Leavenworth Lofts

Sullivan Development Company has broken ground on Leavenworth Lofts, a 28-unit apartment building located at 3612 Leavenworth Street. With construction scheduled to be completed Spring of 2025, Leavenworth Lofts will include one-bedroom and one-bedroom-with-den floorplans averaging 1,000 sq. ft. Penthouse units on the fifth-floor will also be available and feature secured access and private roof top terraces. Unique to Leavenworth Lofts is a short-term rental option for units on the lower level as well as a gallery in the lobby that will spotlight rotating exhibits by local artists.

Boho Flats

Construction is going vertical on the Boho Flats, a 4-story building on the northwest corner of 13th & Pine Street in Little Bohemia. The building will have 59 apartment units plus 5,000 sq. ft. of street-level retail space.

Dizzy Mule

This project is both an historic renovation and new construction all in one. Located on a square block at 12th & Izard Street in North Downtown’s Millwork Commons district, the Dizzy Mule will have 172 apartment units. The two new, 5-story buildings are immediately east and west of a 3-story renovated historic building. The two new buildings are now enclosed.

37 West Farnam

This 9-story building is appropriately located at 37th & Farnam Street. It’s immediately west of the Kimpton Cottonwood Hotel and east of Dundee Bank’s historic Blackstone office. The building will have street-level retail space. The middle floors are a city-owned parking garage that will be open to the public. The top five floors are apartments. Crews are now framing the top two floors.

Completion is planned for late this year. When it comes to size, scale and street presence, this might be the most significant apartment project under development in Omaha at this time.

48th & Dodge Apartment Building

This project doesn’t have quite the same street presence in the project mentioned above, but it will be a massive building nonetheless. Located on the southeast corner of 48th & Dodge Street, this $82 million, 5-story building will have 330 apartment units and will incorporate the historic Pittman building into the design. Workers are currently building the underground parking structure beneath the future apartments.

Flats on Howard

Located on the southeast corner of 24th & Howard Street, the Flats on Howard building is now enclosed while work continues on the interior. The 5-story building will have 120 apartment units.

The Square Apartments

Located at 3001 Leavenworth, this 78-unit, 4-story building is part of an area that is transforming into a hip urban neighborhood. Crews are now framing the second floor.

Future Projects

In addition to the projects already underway, we are anticipating a few more projects to begin soon including:

1. The Duo – 700 apartments to be developed inside the Central Park Plaza twin towers at 15th & Farnam Street downtown. $163 million.

2. Walter Apartments – A 4-story, 58-unit apartment building on the site of a vacant laundromat at 50th & Leavenworth

3. The Nicholas Apartments – A 5-story building with 78 market-rate apartments and 12,429 sq. ft. of commercial space along the east side of 12th Street between Nicholas and Izard streets.

4. Saddle Creek Road & Mason Street – This will be a 4-story, 195-unit project immediately south of Baker’s Supermarket.

5. Civic Square – This mixed-use development on the 9-acre site of the old Civic Auditorium will have hundreds of apartments in addition to office, retail and possibly civic space. Construction could start by the end of this year.

This section is sponsored by RENZE. For over 129 years, we have been providing our clients with innovative solutions for interior corporate and retail branding, as well as unique exhibits and graphics for tradeshows and events. With leading-edge equipment and quality craftspeople working out of our 90,000 sq. ft. facility, we like helping brands grow. Click HERE to see our work for the new headquarters of Scooter’s Coffee!

Grow Omaha Snippets

Grow Omaha Snippets Sponsored by:

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Fundraising for Omaha Public Library’s new Central Library has surpassed the project’s $158 million goal. That means Omaha’s new library is one of the largest philanthropic commitments to any public library system in the United States in recent years. The 96,000 sq. ft. library is under construction at 72nd & Dodge Street and is scheduled to open in 2026. Support came from 282 foundations, corporations and individuals plus $20 million from the City of Omaha.

Southwest Airlines plans to add a seasonal non-stop flight between Omaha Eppley and Austin, Tex. starting in November, according to ThePointsGuy.com. Allegiant Air already operates year-round service between Omaha and Austin.

Multi-Housing News has ranked Omaha number one on its list of Top 10 Emerging Multifamily Markets for 2024. Omaha had 4,506 new apartment units delivered last year and has 8,000 units currently under construction. Omaha apartment occupancy is 96 percent. Here’s the rest of the top emerging markets: 2. Greenville, S.C.; 3. Southwest Florida Coast; 4. Wilmington, N.C.; 5. Eugene, Ore.; 6. Augusta, S.C.; 7. Chattanooga, Tenn.; 8. Winston-Salem-Greensboro, N.C.; 9. Knoxville, Tenn.; 10. Long Island, N.Y.

Hasbro is creating a special Omaha-edition Monopoly game. The game maker is seeking public input on what Omaha attractions should be included on the board game. Henry Doorly Zoo? Old Market? What do you think? Hasbro’s licensing partner is accepting ideas at omaha@TopTrumps.com. The game will be revealed in early November.

Echelon Homes is building a 10,901 sq. ft. building with six spaces in a new development at 20121 P Street. The spaces range from 1,600-2,500 sq. ft. and will be ready this summer. Echelon will occupy a 2,480 sq. ft. bay in the building. The Omaha-based custom/luxury home builder was founded in 2014 and also builds commercial projects.

Omaha’s retail real estate market now has the lowest vacancy rate on record, according to CoStar. Only 3.8 percent of the metro area’s retail space is currently available for lease. Year-over-year rent growth is currently 7.9 percent, the second-highest level on record. Omaha has the 15th lowest retail vacancy rate among the nation’s top 61 markets and fourth highest trailing 12-month rent growth. The local retail market totals 65 million square feet.

And now for the most critically important news of the week – Omaha is the second cheapest place buy chicken wings among America’s 50 largest cities, according to Betway, a sports gambling company. A six-wing order in Omaha costs an average of $7.95. Baltimore is the cheapest at $7.76. Austin is the most expensive at $18.96.

Minneapolis has the highest concentration of wing restaurants per capita with 9 restaurants per 10,000 people. Omaha’s ratio is 3.09 per 10,000. By the way, the average person consumes 18,000 chicken wings in their lifetime.

Grow Omaha Snippets are brought to you by Omaha Car Care with four metro area locations – 131st & Dodge, 58th & Center, 85th & L and 144th & Harrison.

Omaha Car Care “We’ll be along for the ride.”

Business News

Local Business News Sponsored by FranNet of The Heartland:

USA Triathlon of Colorado Springs, Colo. has announced a partnership with Mutual of Omaha as the organization’s financial planning services partner starting in 2024. The partnership will support USA Triathlon’s Multisport National Championships Festival taking place in Omaha in 2024 and 2025 as the event presenting partner with a strong focus on brand integration, financial education and volunteerism.

Signature Aviation, a fixed-base operator located on the east side of Eppley Airfield, is renovating the lobby, lounge and conference room in its building at 3636 Wilbur Plaza. The Orlando-based company has 200 locations at airports worldwide.

Turner Construction has leased 6,132 sq. ft. in the Farnam Executive Center at 10810 Farnam Drive in Old Mill, according to Colliers Nebraska, which represented the landlord, White Lotus Group. The 4-story, 92,242 sq. ft. building is located along the west side of Interstate 680 and features a full interior atrium.

Green Plains Inc. has begun commissioning of the York, Neb. demonstration facility combining Fluid Quip Technologies’ precision separation and processing technology with Shell Fiber Conversion Technology. The new facility combines fermentation, mechanical separation and fiber conversion technology into one platform. This facility will demonstrate the potential to liberate all available renewable corn oil currently bound in the fiber fraction of the corn kernel, generate cellulosic sugars for production of low-carbon fuels, and further enhance and expand production of Ultra-High Protein feed ingredients for global animal feed diets.

Union Pacific Corporation will release first quarter 2024 financial and operating results on Thursday, April 25th at 6:45 a.m. The company’s management team will host a conference call and live webcast at 7:45 a.m.

Hawkins Construction of Omaha is the general contractor on a $116 million project to expand a 7.6-mile stretch of Interstate 80 from four to six lanes between Northwest 56th Street in Lincoln and the Pleasant Dale exit, according to the Omaha World-Herald. Work begins Monday and is scheduled for completion in November 2026. The project is part of a long-term plan to make Interstate 80 six lanes all the way to Grand Island.

The Greater Omaha Chamber’s annual Business on the Green will take place May 17th at Tiburon Golf Club. Registration for the 18-hole, best-ball scramble is available HERE.

In anticipation of a new state law that will raise fast-food workers’ wages to $20 per hour in April, some California restaurants have already started reducing hours and laying off workers as they try to cut costs, according to the Wall Street Journal. The mandated increase represents a 25 percent increase from the state’s broader $16 minimum wage. McDonald’s and Chipotle and other chains have said they will raise menu prices in California to cover some of the cost.

Only seven countries had “acceptable air quality,” in a recent study that examined data from air monitoring stations: Estonia, Finland, Grenada, Iceland, Mauritius, Australia, and New Zealand, according to The Hustle. The most-polluted countries were Bangladesh, Pakistan and India. Here in the United States, the most-polluted city in 2023 was Columbus, Ohio.

This section is sponsored by FranNet of The Heartland, the local, trusted franchise experts. They are “in the business of helping you get into business!”

Grow Omaha University

Leadership & Sales Insights for Ambitious People

Compiled by Grow Omaha co-founder and sales trainer Jeff Beals.

Sponsored by Dundee Bank

LEADERSHIP & MANAGEMENT

Task delegation is one of the most essential skills that makes a leader successful, yet only 28 percent of companies offer training on delegation skills for their managers.

We all know that listening to your people is a crucial leadership skill but why is that? For one thing, your team is your eyes and ears, not to mention your lifeline.

Sixty-five percent of employees say the quality of training and learning opportunities positively influences their engagement, according to Spotio.

In a survey last October, half of Gen Zers said they wanted to become an entrepreneur, according to Business Insider. In today’s business and technology environment, that generation of would-be entrepreneurs is uniquely set up to succeed.

Business Travel – Here are the five U.S. airports with the longest walks from check-in to your gate, according to USA Today: 1. Dallas-Fort Worth, 2.16 miles; 2. Washington Dulles, 1.62 miles; 3. Houston George Bush, 1.52 miles; 4. Denver, 1.45miles; New York JFK, 1.38 miles.

There are now more than 5.5 million Americans with liquid investible assets of more than $1 million, according to CNBC. Over the past five years, the number of U.S. millionaires has grown 35 percent, nearly twice as fast as China’s. The United States is now home to 37 percent of the world’s millionaires, up from 35 percent in 2018.

The divergence grows even more at the top of the wealth ladder. The United States has 9,850 centi-millionaires — those worth $100 million or more — compared with China’s 2,352. The United States has about 788 billionaires to China’s 305.

SALES

Sales is as much about the heart as it about the head, says Mike Weinberg, author of Sales Management Simplified. “A miserable accountant can still do great work…But good luck trying to find a miserable salesperson who is bringing in new business and delivering her numbers month in and month out…Miserable, mistreated salespeople don’t sell…Because when their company’s anti-sales culture gets out of control, top producers go elsewhere.”

Here’s a closing question you might try courtesy of HubSpot: “If we meet your price, is there any reason you wouldn’t do this deal today?” Oftentimes there are other concerns than price. Once a number is agreed upon, you can make sure there’s nothing else holding the prospect back.

The BragBird online sales training program gives you an edge when competing for new business. There are 40 modules, each a different topic with a video and matching workbook. It’s only $79 per month and group discounts are available. You can cancel at any time. If you’re ambitious, click HERE now!

WISDOM

“I like the dreams of the future better than the history of the past.” – Thomas Jefferson

Founded in 2006 right in the heart of Omaha’s Dundee community, Dundee Bank is all about local ownership, friendly customer service, and supporting the needs of our beloved community. With nearly 100% of your deposits going right back into our neighborhoods, Dundee Bank is committed to fueling growth, enabling loans, and fostering stability for you and your neighbors. So why not open an account at Dundee Bank and discover what it means to truly support local?

https://www.dundeebanking.com/

Did You Know?

Surprising Facts, Figures & Points of Pride That Make Omaha Unique

This section is sponsored by Lockbox Storage.

Did you know the Omaha Metropolitan Statistical Area’s population as of last summer was 983,969? The Omaha Combined Statistical Area (which includes Fremont, Neb.) was 1,021,156.

Did you know that United Airlines – then known as Boeing Airlines – started serving Omaha in the early 1930s? They eventually served both coasts from Omaha, according to historian Howard Hamilton.

Did you know hotel occupancy in Omaha is now at the highest level it’s been in 16 years?

This section is sponsored by Lockbox Storage, an affiliate of Omaha-based McGregor Interests Inc. We provide storage solutions for all of your storage needs. Our facilities have full-time managers and bright lighting to provide superior security for your belongings. In addition to space for rent, we also provide packing supplies, protection plans and locks along with complimentary handcarts and dollies. Visit LockBox Storage and let us help you with all your storage needs.

Upcoming Events in the Metro

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Yoga in The Garden on April 2nd: Created to soothe the nervous system, this class is gentle on the body yet dynamic in cultivating inner peace. Led by Jen Guerrero at Lauritzen Gardens, the series will include standing and seated postures for strength & balance. No yoga experience needed – this class is perfect for beginners and welcoming to experienced yoga practitioners who seek a peaceful practice in a lovely setting. Bring whatever props (i.e., pillow, mat, cork blocks, bolster, eye-mask, blanket) that you feel are necessary in making your practice the most comfortable it can possibly be. Pre-registration is required due to limited space.

Classic Speed Dating – Omaha Area on April 3rd: Join Smitten Singles for an exciting evening of speed dating! This event is perfect for singles looking to meet new people and potentially find a special someone. The evening will begin with a meet-and-greet, allowing everyone to get to know each other before the speed dating rounds begin. During the speed dating portion of the event, you’ll have the opportunity to chat one-on-one with each participant for a set amount of time before moving on to the next. Smitten Singles will provide conversation prompts to ensure that the conversation flows smoothly. After the rounds are complete, you’ll turn in matches and have a chance to get to know the people you connected with at the post-event mixer. Spots are limited so make sure to get your tickets in advance!

Omaha Supernovas Vs. Columbus Fury Volleyball on April 4th: Omaha Supernovas will be taking on the Columbus Fury Volleyball team as part of the REAL Pro Volleyball League. Happening at CHI Health Center in Omaha. Get your tickets now and cheer on the Supernovas!

Unlock Midtown from April 5th to 7th: For one weekend only, Unlock Midtown invites sleuths to visit participating Midtown Crossing retailers, each hosting a different clue or puzzle in need of solving. Your mission is to successfully complete each one. To start your sleuthing, pick up an Unlock Midtown guide at Spielbound. This will have a list of all participating retailers and provide you a place to keep track of codes solved. What’s the ultimate goal? Solve for all codes to be entered to win a Midtown Crossing Prize Package. Once you’ve successfully completed all codes, return your Unlock Midtown guide to Spielbound to be entered into the drawing. This is a free event open to all ages!

80’s & 90’s Country Night happening every Wednesday until May 29th: Bushwackers is hosting an 80’s and 90’s country night every Wednesday. You can expect a live DJ each week spinning old school country mixes. There will be drink specials, darts, pool, bull riding and more fun to check out!

Night Light: Adults-only happening every Thursday: Thursday evenings at the Kiewit Luminarium are reserved exclusively for adults! Delve into our engaging exhibits and stimulating events designed to broaden your mind and ignite delight. Adult drinks will be available for your enjoyment all night long! Whether you come with a companion, a date or by yourself, it’s the perfect setting for an adults-only experience.

Do you have an event you want Vesta to publicize? Share them with us here for free!

This Upcoming Events section is sponsored by Eagle Mortgage Company, is a locally owned and full-service mortgage company in Omaha.

Eagle Mortgage can help you realize your dream of owning a home.

People in the News

Sponsored by The Greater Omaha Chamber

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digital rendering of Flatiron District project buildings

Mayor Jean Stothert announced this week that she is running for a fourth term. The election will take place in the spring of 2025. After serving on the Omaha City Council, she was elected as mayor in 2013 and then reelected in 2017 and 2021.

The Greater Omaha Chamber has announced its board of directors’ chair-elects for 2025 and 2026. Beth Whited, president of Union Pacific, will serve as chair in 2025 while Paul West, managing partner of Carson Wealth, will become chair in 2026. Carmen Tapio, president & CEO of North End Teleservices, is currently in her second year as chair.

Metropolitan Utilities District has hired Kendall Minor as senior vice president and Chief Operations Officer. He has more than 15 years of experience in the utilities industry, He holds bachelor and master’s degrees in civil engineering from the University of Alabama at Birmingham.

NP Dodge Real Estate has welcomed new residential sales associates including A.J. Kendall and Krystal Flowers.

Foundation One Bank has hired Nathan Christ as president and Chief Revenue Officer. During his career he has held leadership positions at several banks and served as a Chief Financial Officer for two non-bank companies.

Lueder Construction has hired Bryan Clark as safety director. He is also a member of the Plattsmouth City Council.

The Greater Omaha Chamber is a catalyst and connector, advocating for businesses small and large. Learn, share and grow with more than 12,000 professionals from 3,000 member businesses across Greater Omaha. Click HERE to see our latest events.

Wall Street: The Week in Review

Commentary by George Morgan

Morgan is the founder of Morgan Investor Education of Omaha.

Sponsored by Baird Holm Attorneys at Law

Views and opinions expressed herein are solely those of the author.

The topic for this edition of my incredibly insightful commentary is the constantly evolving nature of the stock market, and the response of Wall Street to continue to operate as though it’s still 1995.

The purveyors of the S&P 500 index announced that they have completed a gaggle of adjustments to their benchmark market index.

For starters, they are adding Super Micro Computers, Inc. (SMCI) to the index. In and of itself, this is insignificant because the S&P 500 is weighted by market cap, and the market cap of Super Micro is only $53.4 billion dollars.

In comparison to the other movers and shakers in the index, this is hardly a speck on the backside of a gnat. But the reason it is important is because it is part of AI revolution. AI is beginning to trickle down into a plethora of non-tech stocks and altering the dynamics of the index and impacting Mr. Market’s mood. Yet, every time the market reaches a new high, the mental giants of Wall Street proclaim that the END IS NEAR!

Another example of where the market has moved on – and yet the financial media remain in their 1990’s modus operandi – comes from the financial media rumor mongers. They recently reported that 45 percent of Buffett’s investment portfolio is invested in A.I. related stocks, and thus individual investors need to pile on before the train leaves the station. Two of their touts are Snowflake and Amazon. Their combined presence in the Berkshire portfolio represents less than one tenth of one percent of Berkshire’s market cap. Hardy a screaming endorsement from W.E.B.

In addition, the chain of command at Berkshire Hathaway changed dramatically 25 years ago. Buffett understood that the investment portfolio was not the main driver of Berkshire Hathaway’s success. Buying $500 million worth of a publicly traded stock does not move Berkshires needle. The only way they could move the needle was to purchase whole companies. So, Buffett stepped back from running the daily operations of Berkshire’s investment portfolio and handed that job over to the two T’s, Todd and Ted.

Wall Street and their media brown-nosers often take a rear-view mirror approach to today’s electronic and eclectic stock market. Buffett says he chooses to live in Omaha so he will not get sucked into Wall Street’s jibber jabber. For as long as I can remember – which is about a day and a half – the Oracle of Omaha has advised individual investors to trust the power of the U.S. economic engine and to “Forget the needle and buy the haystack.”

This section is brought to you by All Makes and Allsteel. For more than a century, All Makes has remained family-owned and committed to supplying businesses with workplace solutions, specifically furniture and technology. To learn more, visit one of our showrooms in Omaha, Lincoln, Des Moines, Columbus, Kearney, or North Platte.

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Have You Watched Grow O on Video Yet?

Jeff Beals, Trenton Magid and a guest in the KFAB 1110 Radio Booth

The Grow Omaha radio show broadcasts live every Saturday morning at 9:00, but now you can watch videos of each episode instead of just listening.

Grow Omaha’s brand-new website features video footage shot inside the radio studio during each week’s show!

Videos include News of the Week, Lightning Round, guest interviews, and “Grow Omaha Uncut,” a behind-the-scenes look at what happens during commercial breaks.

Support the Grow “O” Mission

Don’t keep this newsletter to yourself. Forward it to your friends, clients and co-workers. You want to know the real reason we produce this report? It’s to remind Omahans about the vibrant, prosperous and growing city they call home. The more Omaha residents believe in their city, the more successful we’ll all be. Spread the news!

Know of someone else who wants to receive this newsletter? Have them send their name and email address to news@growomaha.com!

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