Berkshire Hathaway’s annual shareholder meeting
Saturday had some somber moments as Warren Buffett reflected on the passing of his longtime partner Charlie Munger last year and wrestled with the possibility of his own mortality.
“I know a little about actuarial tables,” he joked at one moment.
However, he reassured investors that a plan was in place and revealed for the first time that Greg Abel, his successor, would be making the call on investing decisions.
He also fielded numerous questions from Berkshire Hathaway
shareholders. Notably, Buffett explained why Berkshire sold off some of its Apple stock and he revealed a losing bet on Paramount. The Berkshire chairman and CEO also reflected on developments in the quickly evolving field of artificial intelligence and praised Federal Reserve Chair Jerome Powell’s work steering the economy.
Warren Buffett wrapped up the Q&A portion of the annual meeting with a cheeky farewell remark.
“I not only hope you come next year. I hope I come next year,” he said, laughing.
