Berkshire Hathaway’s annual meeting was held on Saturday. Warren Buffett answered questions about the sale of Apple, earnings, succession, and management goals.
“I not only hope you come next year, I hope I come next year.” – Warren Buffett
Berkshire Hathaway’s annual “Woodstock for Capitalists” was held on Saturday, May 4th. It was a packed house on Saturday, with additional attendees spurred on by the passing last year of Buffett’s long-time friend and Vice Chairman, Charlie Munger. Warren Buffett, CEO and Chairman, and Greg Abel, Vice Chairman of Non-insurance, answered questions from shareholders for over five hours. Ajit Jain, Vice Chairman of Insurance, joined in answering questions for the first part of the meeting. The traditional movie that opened the gathering focused on the memory of Charlie Munger, who died late last year at age 99. There is much more about the enduring legacy and wisdom of Charlie Munger here.
As always, Buffett began by briefly reviewing first-quarter earnings. Operating earnings were a whopping 39% higher than last year’s same quarter, so it was a solid start to the year.
