A New Era at the Woodstock of Capitalism: Berkshire Hathaway’s Annual Shareholder Meeting Marks a Turning Point

The annual shareholder meeting of Berkshire Hathaway, often referred to as the Woodstock of Capitalism, took on a new vibe this year as Warren Buffett faced the stage without his long-time partner Charlie Munger by his side. Munger, who passed away just before his 100th birthday, was honored and remembered throughout the event, with Buffett describing him as the “architect of Berkshire.”

The absence of Munger was felt by all in attendance, including prominent figures like Tim Cook, Jane Frasier, and Bill Gates. Executives of Berkshire-owned companies spoke of Munger’s lasting influence on their businesses, highlighting his wisdom and character.

Buffett’s tribute to Munger included a reflection on their unique partnership and shared successes, with Buffett admitting that he should have been more aggressive in following Munger’s advice on certain investments. The meeting was filled with heartfelt moments and a sense of gratitude for Munger’s contributions to Berkshire Hathaway.

As the event came to a close, Buffett shared his thoughts on what he would do if he could have one more day with Munger, emphasizing their shared love of learning and problem-solving. The legacy of Buffett and Munger’s partnership will undoubtedly continue to shape the future of Berkshire Hathaway and the investing world as a whole.