Nickname for Warren Buffett, the investing legend known for his disciplined value investing and gaudy long-term returns. The guy simply has a talent for picking good companies with real staying power. Buffett has experienced annualized returns of roughly 20% over a few decades. This is VERY hard to do. He works and lives in Omaha, Nebraska.
A hodad is a guy who pretends to be a surfer but really isn't. He may or may not actually surf, but for the most part chills at the beach and tries to look cool to pick up women.
This is slang for the Berkshire Hathaway annual shareholder's meeting. Warren Buffett's thousands of cult followers descend upon Omaha to hear the oracle utter his words of humble wisdom.