STAY PATIENT. STAY MEASURED. STAY CAUTIOUS
Last weekend, Berkshire Hathaway (BRK) conducted its Annual Meeting. Because of the coronavirus, Berkshire Hathaway’s meeting was a shadow affair. The CHI Health Center arena was empty, save for Warren Buffett, Vice Chairman Greg Abel, CFO Marc Hamburg and a few others. As the pictures below highlight, the 40,000 people in attendance last year were replaced with less than 20 this year.
After several consecutive years of attending the meeting in Omaha, we like so many others were forced to watch the live stream of the meeting from our homes. While it was a vastly different experience and nothing like the real thing, the tyranny of distance did not take away from another insightful meeting with Warren Buffett and Vice Chairman Greg Abel, who stood in for Charlie Munger.