Charlie Munger is gone, the most regrettable Berkshire Hathaway shareholders meeting

LB Select
2024.04.30 10:39
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The shareholders' meeting will be held on the evening of May 4th Beijing time

The annual investment circle feast is about to begin.

On the evening of May 4th Beijing time, investment professionals will once again focus on the small midwestern city of Omaha, USA, where the "Oracle of Omaha" Warren Buffett's Berkshire Hathaway company will hold its annual shareholder meeting. Buffett and his successor Greg Abel will engage in discussions with attendees and answer questions from analysts, shareholders, media, and others.

Unfortunately, this year's shareholder meeting will be missing Charlie Munger, who passed away on November 28, 2023, at the age of 99.

Over the past 60 years, Buffett and Munger have jointly built the world's largest investment company. As of December 31, 2023, Berkshire has grown at a rate of 19.8% per year (compared to 10.2% for the S&P 500), with a total return rate of 43,800 times (compared to 312 times for the S&P 500).

The Berkshire Class A shares, which have risen for nine consecutive years, currently have a price of over $600,000, making it the most expensive stock in the world.

Topics that may be discussed at the 2024 shareholder meeting:

Views on Geopolitics: For example, Munger expressed concerns about geopolitics in 2022. He stated his views on geopolitics in 2022: "I think we are facing what may be the most serious global problem in history. The world is on the brink of nuclear war. There are many things we need to worry about. The world has never been a completely safe place, and it is not now."

Buffett's Successor Speech: Warren Buffett is 93 years old, and Munger has passed away. In this year's shareholder letter, he finally clarified the successor: Greg Abel. Investors are eager to know about the successor's investment plans or style.

Views on AI: These past two years have seen rapid advancements in the technology industry, especially the revolutionary changes in the AI industry.

Stock Buybacks: Berkshire Hathaway has a large amount of cash, and stock buybacks have always been an option for the company. Investors may inquire whether Buffett will repurchase more shares and what the criteria for stock buybacks are.

Investment Strategy: Berkshire Hathaway is renowned for its value investment strategy. Investors may ask how the company will invest in the current economic environment.

Inflation: The inflation rate is rising, which may impact many of Berkshire Hathaway's businesses. Investors may ask how the company plans to deal with inflation.

Recent Market Trends: The stock market has recently experienced volatility. Investors may ask Buffett about his views on the stock market and how he believes investors should respond