By
Borsgade
Berkshires Annual Meeting is finally here. For the first time in decades Buffett is without his wingman and former Vice Chairman Charlie Munger, who passed away recently at the age of 99. The meeting is not the same without the humor and cut through comments from this legendary investor. Buffett, however, is still going strong and share many interesting viewpoints.
Nicknamed “Woodstock for Capitalists,” the Berkshire Hathaway annual meeting is a gathering of the company’s shareholders presided over by Chairman and CEO Warren Buffett. During the two long sessions, Buffett discuss investing, portfolio companies, economic outlook, and life. Alongside him on stage is Buffett’s successor and Berkshire Energy CEO Greg Abel as well as Ajit Jain, Vice Chairman of Berkshire’s Insurance Operations.
Charlie, in effect, became the architect of today’s Berkshire. The architect is the person who dreams of then designs then finally supervises the construction of great structures.
The carpenters and the roofers, that’s me, are needed, but the architect is the genius who provides the blueprint.
Berkshire has become a great company with a unique group of owners. The directors of Berkshire are the trusties of the structure Charlie designed that lives beyond his lifetime and will live far beyond mine.
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