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Warren Buffett Prepares to Celebrate 60 Years at Berkshire Hathaway's Helm

As Berkshire Hathaway reports Q1 earnings, shareholders look to Buffett and his successors for clarity on capital deployment and the post-Buffett era.

Berkshire Hathaway Chairman Warren Buffett attends the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Nebraska, U.S., May 3, 2024. REUTERS/Scott Morgan/File Photo
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A screen displays Berkshire Hathaway Inc. on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024.  REUTERS/Brendan McDermid/File photo
Warren Buffett

Overview

  • Berkshire Hathaway is set to hold its annual shareholder meeting on May 3, marking Warren Buffett's 60th year leading the $1.15 trillion conglomerate.
  • Buffett, 94, will field questions for four and a half hours alongside Vice Chairmen Greg Abel, his designated successor, and Ajit Jain, who oversees insurance operations.
  • Berkshire's shares have risen 18% year-to-date, significantly outperforming the S&P 500, which is down 5% during the same period.
  • The company's record $334.2 billion cash reserve has sparked investor interest in how it might be deployed amid high market valuations and economic uncertainty.
  • Succession planning remains a key focus, with Abel slated to become CEO, while Todd Combs, Ted Weschler, and Howard Buffett are expected to take on significant roles in Berkshire's future leadership.