<div id="readability-page-1"><div id="contentdata"> As the first Saturday of May draws near, the investment world turns its gaze once again to Omaha, Nebraska — home to the annual Berkshire Hathaway shareholder meeting, a spectacle fondly dubbed the &#34;Woodstock for Capitalists.&#34; This year's gathering carries more weight than usual. It marks Warren Buffett's 60th year at the helm of the conglomerate and is only the second since the passing of his longtime partner, Charlie Munger.Tens of thousands of shareholders will flock to Omaha, while many more will tune in online to hear from the 94-year-old investment icon. With global markets on edge, political shifts in Washington, and questions looming over Berkshire’s massive cash pile, the stakes are as high as they’ve ever been.Here are a few key themes likely to dominate the discussion.Will Buffett break his silence?So far, Buffett has remained relatively quiet amid the recent market jitters triggered by aggressive U.S. tariff measures. But that’s expected to change on Saturday, when he takes the stage alongside Vice Chairmen Greg Abel and Ajit Jain to address shareholders and take their questions. Abel, widely seen as Buffett’s successor, will share more of the spotlight this year — another sign that succession planning is not just a formality but an unfolding transition.The $334 billion questionOne of the biggest talking points: Berkshire’s record-breaking cash reserves, which ballooned to $334.2 billion by the end of 2024. For nine consecutive quarters, the firm has sold more stock than it has bought, paring down its positions in giants like Apple and Bank of America. While Buffett has long preached patience and discipline in capital allocation, investors will be eager to know whether recent market volatility has opened up any buying opportunities.Apple, again? Another closely watched subject is Berkshire’s trimmed stake in Apple. The company has maintained a holding of 300 million shares since September, but after several quarters of reductions, investors are seeking clarity on whether the selling is truly done. Buffett had previously attributed the sales to tax-related reasons, but with those conditions no longer pressing, questions are likely to resurface.Succession in focusWith Charlie Munger no longer by his side, the question of who carries forward the Berkshire legacy looms larger. Greg Abel, already entrusted with major operational decisions, is expected to take over leadership eventually. Saturday’s meeting may offer further insight into how responsibilities are being gradually handed over — and how much of Buffett’s philosophy will endure through the transition.Looking beyond the U.S.Though Berkshire’s investments have long skewed domestic, Buffett has in the past spoken positively about emerging markets — especially India. Investors will be watching closely for any commentary that hints at a broader global strategy, particularly at a time when geopolitical and economic realignments are reshaping the investment landscape.AI and innovationTechnological disruption is another key theme. While Buffett has expressed caution around artificial intelligence, noting its potential ethical and security risks, shareholders may expect him to address how Berkshire views the rise of AI, both as a threat and an opportunity. Given that many of the firm’s holdings are exposed to changing tech dynamics, any remarks here will be closely parsed.Berkshire will release its first-quarter earnings ahead of the meeting, giving investors a fresh snapshot of the firm’s portfolio changes. Then at 9 a.m. ET, Buffett will kick off the event with opening remarks, followed by an extensive Q&amp;A session broadcast live in English and Mandarin.</div></div>

伯克希爾哈撒韋的 2025 年股東大會定於 5 月的第一個星期六舉行，這標誌着沃倫·巴菲特領導該公司的第 60 年。股東們對創紀錄的 3342 億美元現金儲備感到興奮，期待獲得有關資本配置和潛在投資機會的見解。主要議題包括繼任計劃，特別是格雷格·阿貝爾（Greg Abel）將承擔更大角色，以及公司在蘋果公司的減持。此外，討論可能涉及全球投資策略以及人工智能對伯克希爾持股的影響。會議將包括巴菲特的開場致辭和現場問答環節

Berkshire Hathaway’s 2025 Shareholder Meeting: What to expect as Buffett returns to Omaha

- 伯克希爾哈撒韋股東大會將於 5 月首個星期六在內布拉斯加州舉行。  
- 會議將討論巴菲特的繼任計劃、現金儲備及對蘋果的持股情況。  
- 投資者關注巴菲特對市場波動及人工智能的看法。  