Warren Buffett is gearing up for Berkshire Hathaway’s annual shareholder meeting in Omaha, Nebraska on May 3rd, 2024. This year’s event will be different without Charlie Munger, Buffett’s longtime partner, who passed away in November. The absence of Munger will be felt throughout the meeting, which is often referred to as “Woodstock for Capitalists.”
30,000 shareholders are expected to attend the meeting, where Vice Chairman of Non-Insurance Operations Greg Abel will step in for Munger. The meeting will be broadcast exclusively on CNBC and live-streamed on CNBC.com for the first time, with a special movie tribute to Munger. Expectations are high for this year’s meeting, as shareholders anticipate discussions on various topics such as inflation, Apple, Berkshire’s secret stock pick, and Buffett’s succession plan.
Shareholders are also eager to hear Buffett’s macro commentary on the current market conditions, especially in light of recent developments. It remains to be seen how Berkshire will navigate challenges such as inflation and market volatility moving forward.
While some details about Berkshire’s future plans and investments may be revealed during the meeting, the absence of Munger will certainly be felt as Buffett and his team address pressing issues facing the conglomerate.
Warren Buffett is preparing for Berkshire Hathaway’s annual shareholder meeting in Omaha, Nebraska, which will be the first without his longtime partner Charlie Munger, who passed away in November. The meeting will be broadcast on CNBC and livestreamed online, and will feature Vice Chairman Greg Abel taking Munger’s place in answering shareholder questions. Shareholders are eager to hear Buffett’s thoughts on topics such as inflation, Berkshire’s Apple stake, their record cash, buyback program, and succession plan. With markets facing challenges such as inflation and interest rate changes, investors are looking to Buffett for insight and guidance. Buffett recently trimmed Berkshire’s Apple stake and may reveal the identity of a secret bank stock they have been buying. The meeting will also likely focus on Berkshire’s succession plan after Munger’s passing, with Abel emerging as Buffett’s heir apparent.
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