Charlie Munger’s absence has renewed shareholders’ focus on how the company will evolve
The meeting is Buffett ’s 60th since he took over Berkshire in 1965 and the first since the death of his longtime friend, business partner and foil Munger at age 99 in November. His absence has renewed shareholders’ focus on how the company will evolve when Buffett no longer runs it. Buffett , 93, whose legendary investment acumen inspired the nickname Oracle of Omaha, has largely stopped appearing publicly to discuss the company.
Investors want to learn how Berkshire will meet challenges such as figuring out how to grow without overpaying for acquisitions, whether to pay a dividend and how to deploy $167.6 billion of cash. “Buffett says it’s hard to move the needle the way we used to,” said Ted Bridges, chief executive at Bridges Trust in Omaha, who manages $10 billion in investments including Berkshire stock. “It would be interesting to hear how we’re going to allocate capital and think about the next 10 years.
“It’s good that Greg and Ajit will be out front. It wouldn’t hurt to have Todd or Ted out front too,” Check said.
Berkshire Buffett Company Munger Meeting Berkshire Front Todd Combs Greg Abel Occidental Petroleum
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