After 60 years in charge, Warren Buffett is stepping down as CEO of Berkshire Hathaway later this year. Jessica Mendoza talks to WSJ’s Jason Zweig and Karen Langley about Buffet’s prolific career and Greg Abel, the man he chose to succeed him as CEO. Further Listening: - Does Warren Buffett Know Something We Don't? - The Life of One of Wall Street's Greatest Investors Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Once a year, the financial world turns its collective attention to Omaha, Nebraska. That's where Warren Buffett, the longtime CEO of Berkshire Hathaway, lives and where he holds the company's annual shareholder meeting.
Thousands of people flock to the city of Nebraska from all over the country, but also all over the world.
Our colleague Karen Langley covers Berkshire Hathaway. She spent her weekend among the crowd gathered at Omaha's Convention Center.
Many, if not most of them, are shareholders of the company, but also people who are just really fascinated by Warren Buffett, who are interested in hearing what he has to say. You could see very long lines the day beforehand for people picking up their meeting credentials, the morning of the annual meeting, well before the sun came up.
It's very noticeable in Omaha that Berkshire Hathaway is having its meeting.
It sounds kind of like Coachella for finance nerds, except, like, fewer crop tops.
Buffett has, like, famously called it a woodstock of capitalism. Fair, okay. People talk about, yeah, that kind of comparison. A festival-like atmosphere, there's certainly parties and events surrounding it.
This year was Buffett's 60th shareholder meeting, and he marked the occasion with a mic drop.
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