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.