For the first time ever, the Berkshire Hathaway Annual General Meeting will be live streamed for public viewing.
What:
The Berkshire Annual General Meeting is an opportunity to hear directly from Warren Buffett, Chairman/CEO, and his business partner Charlie Munger, Vice Chairman, on various topics related to business and investing.
Where:
The meeting will take place in Warren Buffett’s home town, Omaha, Nebraska.
Who attends:
More than 40,000 shareholders and some of the world’s brightest minds in business and investing. Fortune’s Carol Loomis, CNBC’s Becky Quick and New York Times’ Andrew Ross Sorkin will take turns asking questions. It’s not uncommon to see Bill Gates in the front row; Gates is a Director on the Berkshire Hathaway Board.
Why tune in:
As two of the biggest – and most successful – personalities in investing, investors jump at the chance to hear directly from Buffett and Munger. Here is the rationale straight from Buffett himself:
“Over the past 50 years, we’ve seen a tremendous increase in the interest around our shareholders meeting. [The live stream] provides us with the opportunity to reach more people than ever…[and] bring the energy and excitement of what happens in Omaha to an informed audience around the world.”1
“Charlie is 92, and I am 85. If we were partners with you in a small business, and were charged with running the place, you would want to look in occasionally to make sure we hadn’t drifted off into la-la land. Shareholders, in contrast, should not need to come to Omaha to monitor how we look and sound. (In making your evaluation, be kind: Allow for the fact that we didn’t look that impressive when we were at our best).”2
When:
Saturday, April 30th
10:00 a.m. EDT Coverage Begins (interviews with managers, directors, shareholders)
10:30 a.m. EDT Q&A with Warren Buffett and Charlie Munger
How to access:
https://buffett.cnbc.com/2016-berkshire-hathaway-annual-meeting/
1. Yahoo Finance Press Release.
2. Excerpt from the 2015 Berkshire Hathaway annual letter to shareholders.
This post is presented for illustrative and discussion purposes only. It is not intended to provide investment advice and does not consider unique objectives, constraints or financial needs. Under no circumstances does this post suggest that you should time the market in any way or make investment decisions based on the content. Select securities may be used as examples to illustrate Burgundy’s investment philosophy. Burgundy funds or portfolios may or may not hold such securities for the whole demonstrated period. Investors are advised that their investments are not guaranteed, their values change frequently and past performance may not be repeated. This post is not intended as an offer to invest in any investment strategy presented by Burgundy. The information contained in this post is the opinion of Burgundy Asset Management and/or its employees as of the date of the post and is subject to change without notice. Please refer to the Legal section of this website for additional information.
