What Does It Take to Get to the Oracle?

Thanks to Bill for passing this along.

Among investors, there are few prizes more coveted than the opportunity to ask Warren Buffett a question at Berkshire Hathaway's annual shareholders meeting. But this year, Fidelity Investments mysteriously claimed more than its fair share.

Turns out, it was no accident—and the Oracle of Omaha is none too pleased about being outfoxed on his own turf. Now he is turning the tables.

"There's no question they figured out how to game the system," Mr. Buffett says. He said he didn't like Fidelity's ploy because "it's not in the spirit of the meeting."

Mr. Buffett says he is still formulating his countermove and is likely to detail a new questioning system before the next meeting on May 5.