Berkshire Hathaway Annual Meeting 2025

[John Hjorth]

26 minutes ago, Gamecock-YT said:

We’re now at the adults pawning off their kids to ask questions part of the meeting

 

5 minutes ago, OracleofCarolina said:

We need to go back to only letting Becky Quick ask questions…sheesh

 

As far as I know, there are no age limits for shareholders asking questions in the Berkshire Hathaway bylaws.  If you think carefully about it, it needs to be so. Get used it, and live with it.

Edited May 3, 2025 by John Hjorth

[WFF]

Bombshell…. Warren is stepping down as CEO at year end, pending Board approval. 

[Blake Hampton]

Long live Greg Abel.

[Gamecock-YT]

Time is undefeated. Act accordingly. 

[fareastwarriors]

Closing the meeting with a bang.

[drzola]

What an honor it has been to be a shareholder so far. Thank You Warren.

[Masterofnone]

This orderly transition is obviously in the best interest of shareholders. The market will have 7 months to digest this nugget. Better than any other scenario.

I'd imagine the old fellow will still be coming to the office every day, even if tap dancing is off the agenda.

[CassiusKing1]

5 hours ago, gfp said:

 

My thoughts exactly!  Embarrassing...  

 

5 hours ago, Gamecock-YT said:

Imagine traveling to Omaha, getting to ask a question, and confusing Berkshire partners with Berkshire hathaway 

Oh how I wish Charlie Munger were still around to answer that question!

[John Hjorth]

1 hour ago, WFF said:

Bombshell…. Warren is stepping down as CEO at year end, pending Board approval. 

 

I bet it tomorrow will be the first time ever he'll be demanding towards the rest of the board. He'll demand to keep his office [wifey escapism if needed, contingency measure] and office paid Coke and McD burgers.

 

The board sending him home just like that in a disruptive way would likely cause the man to wither away in a few months.

[Spooky]

Thanks for everything Warren! It won't be the same without you and Charlie. Absolute legends.

[Charlie]

1 hour ago, Masterofnone said:

This orderly transition is obviously in the best interest of shareholders. The market will have 7 months to digest this nugget. Better than any other scenario.

I'd imagine the old fellow will still be coming to the office every day, even if tap dancing is off the agenda.

+1

 

Long live Warren Buffett!!!

[Ballinvarosig Investors]

Quote

I am going to call it.   Warren Buffett will not be the CEO of Berkshire Hathaway as of 2026.

I hate to say it, but Warren did signal this.

[ValueMaven]

Anyone have any thoughts on what this $10 business Berkshire almost bought?  I have a thought ...

[gfp]

18 minutes ago, ValueMaven said:

Anyone have any thoughts on what this $10 business Berkshire almost bought?  I have a thought ...

 

I sort of doubt it was an entire public company.  Most likely a division like the recent deals with Dominion.  I don't think it would have been Calpine or Berry Global and it certainly wasn't Chef Boyardee!

 

I would be surprised if Berkshire were considering Mr Cooper, which his friend Dan Gilbert just bought.  It was approximately the "right size."

 

Also would be surprised if it were Dun & Bradstreet.

 

The other Berkshire (Berkshire Partners along with Warburg Pincus) bought Triumph Group, which seems like it could have been a fit for Berkshire, but the deal wasn't close to $10B.

 

I can't think of any other companies in that range that announced deals lately.  I would assume no announcement has been made on whatever it was.

 

@ValueMaven , what is your thought / guess?

[gfp]

Oh I guess it could have been Colonial Pipeline?

https://energynow.com/2025/04/brookfield-nears-9-billion-plus-deal-for-colonial-pipeline-sources-say/

[ValueMaven]

Was there any mention of Ted and Todd?  I didnt catch the whole meeting ... 

[John Hjorth]

2 minutes ago, ValueMaven said:

Was there any mention of Ted and Todd?  I didnt catch the whole meeting ... 

 

@ValueMaven,

 

The levels of topics for discussion moved above them.

[sleepydragon]

From ChatGPT:

--

At the 2025 Berkshire Hathaway Annual Shareholders Meeting held today in Omaha, Nebraska, several prominent figures from the business and political spheres were in attendance:([Business Insider][1])

### Notable Attendees

 

* **Tim Cook**: The CEO of Apple Inc. was present at the meeting. Warren Buffett praised Cook's leadership, noting that Apple's stock has increased nearly 14-fold since Cook became CEO in 2011, driving its market capitalization to over \$3 trillion. ([Business Insider][2])

* **Hillary Clinton**: The former U.S. Secretary of State and 2016 Democratic presidential nominee attended the event, highlighting its significance beyond the business community. 

* **Bill Gates**: The co-founder of Microsoft and longtime friend of Warren Buffett was spotted at the meeting. ([NBC Connecticut][3])

* **Jamie Dimon**: The Chairman and CEO of JPMorgan Chase was among the attendees, reflecting the meeting's importance in the financial sector. 

* **Li Lu**: A respected investor and founder of Himalaya Capital, Li Lu was also present at the gathering. ([avgunicorn.com][4])

* **Mohnish Pabrai**: The value investor and managing partner of Pabrai Investment Funds attended the meeting, underscoring the event's appeal to prominent investors. ([avgunicorn.com][4])

* **Guy Spier**: The author and investor, known for his value investing approach, was among the attendees. 

* **Tobias Carlisle**: An investment manager and author, Carlisle's presence highlighted the meeting's draw for financial thought leaders. ([avgunicorn.com][4])

--------

[Spooky]

29 minutes ago, ValueMaven said:

Was there any mention of Ted and Todd?  I didnt catch the whole meeting ... 

 

Ajit talked about the job Todd did at Geico - pretty impressive. Apparently he cut staff to save $2B in costs and got combined ratio down somewhere starting with an 8, something Ajit didn't think he would see in his lifetime at Geico.

 

[gfp]

2 minutes ago, Spooky said:

 

Ajit talked about the job Todd did at Geico - pretty impressive. Apparently he cut staff to save $2B in costs and got combined ratio down somewhere starting with an 8, something Ajit didn't think he would see in his lifetime at Geico.

 

 

Technically this quarter's combined ratio at GEICO started with a 7  !

[Spooky]

Just now, gfp said:

 

Technically this quarter's combined ratio at GEICO started with a 7  !

Damn, that's pretty amazing.

[Spooky]

Anyone know if there is a cleaned-up / streamlined version of the AGM I can watch? Missed the second half.

[John Hjorth]

17 minutes ago, Spooky said:

Anyone know if there is a cleaned-up / streamlined version of the AGM I can watch? Missed the second half.

 

I have to agree with you, @Spooky,

 

You get the full afternoon session here [and it's 'raw' like was it Eddie Murphy's].

 

 

Edited May 3, 2025 by John Hjorth

[Munger_Disciple]

Did anyone watch the CNBC interview with Ron Olson just after the meeting ended? He seemed kind of sad about leaving Berkshire board. 

[Buckeye]

12 minutes ago, Munger_Disciple said:

Did anyone watch the CNBC interview with Ron Olson just after the meeting ended? He seemed kind of sad about leaving Berkshire board. 

I saw that and thought the same thing. He also seemed a little shocked after having just learned of the news on his way over to the interview.  I thought he gave a great interview after just hearing the news.  He mentioned that he met Charlie in 1967 and Warren in 1969 and the three of them have been friends/partners for life.  What a trio.  It was a little sad and sweet.