Woodstock for Capitalists

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Over the years, no one has been better at making a shareholder's meeting an event like Warren Buffet and Berkshire Hathaway has. I tend to think that once Buffet is gone, and he's 94 now, it will be the 'end of an era' and an end to the annual event that Berkshire Hathaway's shareholder meetings were. He's not called the Oracle of Omaha for no good reason. Without question, he's been one of the most successful investors to ever have lived, and for that reason his shareholder meetings and the words of wisdom he shares at them, have been something of legend and it attracts a lot of people. When Buffet passes, and that's an inevitable outcome of course, Greg Abel, who will take the reins, will not have the same legend or legacy that Buffet has accumulated over the past 60 years. Will shareholders hang on every word from Abel as they do with Buffet, and as they did with Buffet's right-hand man, Charlie Munger who passed away in 2023 at age 99? I hardly think so. Abel, for one, did not build Berkshire Hathaway, and he will not, of course be Warren Buffet or Charlie Munger. He is simply a predecessor who will have been passed the baton. It has been an event I have always wanted to attend, but I have never owned a share of this company to be able to. I have my reasons, and none of them have to do with any bad feelings about Berkshire Hathaway. I have to say that when the day comes that the table at the front is unattended by Buffet, it's going to be a very sad day for investors. At the same time, I think there may come a day, post Buffet, when many investors will ask, in certain times, "What would Warren do?" Luckily, we will have six decades of his words to sift through and find the answer.