Berkshire Hathaway Annual Shareholders Meeting Marks New Era Without Charlie Munger

The Berkshire Hathaway annual shareholders meeting on Saturday marked the beginning of a new era for the conglomerate, as Warren Buffett took the stage without his longtime partner, Charlie Munger, for the first time in decades. Munger, who passed away last year at the age of 99, was hailed by Buffett as the “architect” of the modern Berkshire Hathaway.

During the meeting, Buffett, along with vice chairs Greg Abel and Ajit Jain, fielded questions from shareholders and discussed various topics, including the company’s investments and future plans. One notable moment was when Buffett addressed concerns about artificial intelligence, expressing both excitement and caution about its potential impact.

Buffett also revealed that Munger had strongly advocated for two stocks, BYD and Costco, which Buffett admitted he should have been more aggressive in investing in. Despite Munger’s passing, his influence on Berkshire’s investment decisions was still evident.

Additionally, Buffett reassured shareholders about the company’s financial position, highlighting its growing cash reserves and commitment to investing primarily in the United States. He also paid tribute to Munger during the meeting, showcasing some of his memorable quotes and contributions to Berkshire over the years.

Overall, the annual shareholders meeting marked a significant moment for Berkshire Hathaway as it navigates a new chapter without Munger by Buffett’s side. The meeting provided insights into the company’s future direction and reaffirmed its commitment to long-term success.