Warren Buffett’s and Charlie Munger’s legendary five hours of Q&A at the Berkshire Hathaway annual meeting has come to an end. In fact, Munger will not even be taking questions at this year’s virtual event to be held on Saturday, having been replaced by Greg Abel, Berkshire’s Vice Chairman-Non-Insurance Operations.
Also the lengthy Q&A that in recent years has combined shareholder questions from the meeting floor, emailed questions, and questions from journalists, has been simplified and reduced.
In a statement, the company announced:
Warren Buffett, Berkshire’s CEO and Greg Abel, Berkshire’s Vice Chairman-Non-Insurance Operations will be physically present at the meeting. However, the other Berkshire directors will not be attending the meeting. In addition to the formal business to be conducted at the meeting, Mr. Buffett and Mr. Abel will respond to shareholder questions that were submitted to three journalists (Becky Quick, Carol Loomis and Andrew Ross Sorkin). Ms. Quick will ask those questions that the journalists decide are the most interesting and important. Mr. Buffett and Mr. Abel will have no prior knowledge of what questions will be asked, but they will not discuss politics or specific investment holdings.
The 2020 Annual Shareholders Meeting on Saturday May 2, 2020 will formally begin at 3:45 p.m. central time. As previously announced, we will not be able to allow shareholders to physically attend the meeting. However, the meeting will be streamed live on the Internet by Yahoo with a pre-meeting show beginning at 3:00 p.m. central time and can be accessed at https://finance.yahoo.com/brklivestream.
© 2020 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.