Berkshire attendees lined up early
It was a cold, drizzly morning in Omaha as tens of thousands of attendees packed into CHI Health Center Omaha Arena to hear Warren Buffett speak at the 2024 Berkshire Hathaway Shareholders Meeting.
—Sarah Min
CFRA says to buy ‘undervalued’ Berkshire Hathaway stock
CFRA is bullish on B shares Berkshire Hathaway Before the company’s annual meeting.
The firm said the stock is “undervalued relative to historical averages” and expects Berkshire Hathaway’s earnings report on Saturday morning to be a catalyst.
Berkshire Hathaway’s Class B shares over the past year.
Berkshire Hathaway’s shares are up nearly 13% so far this year.
To learn more about CFRA’s call and CEO Warren Buffett’s expectations during the so-called “Woodstock Capitalists” event, read the full article here.
— Michelle Fox
Is it time to reveal secret bank stocks?
Buffett is likely to reveal a mystery bet that Berkshire has been buying for two consecutive quarters.
In the third and fourth quarters of 2023, Berkshire received confidentiality treatment, keeping details of one or more of its stock holdings confidential.
Many speculated that the secret purchase may have been bank shares, as the cost basis of the group’s “banking, insurance and finance” equity holdings surged by $3.59 billion in the second half of last year, according to a separate report from Berkshire Hathaway. Filing.
There are relatively few instances where Berkshire has requested such treatment.Last confidential purchase Chevron and Verizon 2020.
— Yun Li
The first meeting without Charlie Munger
With Charlie Monger absent, everyone was worried that the annual meeting would start on a somber note.
Aside from the coronavirus lockdown, this will be the first absence of Buffett’s longtime partner Munger, who died in November at the age of 99.
For the first time, Berkshire Hathaway will show its annual meeting film, which was previously reserved only for Omaha attendees. Many are speculating that this year’s film will be a tear-jerking tribute to Mongeau.
Buffett’s designated successor, Vice Chairman of Non-Insurance Business Greg Abell, will fill Munger’s seat at the afternoon meeting to help answer shareholder questions.
Throughout his long and fruitful life, Munger left his mark on generations of investors in many ways. He expanded Buffett’s investing approach and focused on quality companies selling at fair prices. Shareholders also appreciate Munger’s unique directness and humor.
— Yun Li
Here’s CNBC’s schedule for coverage of Berkshire Hathaway’s annual meeting
CNBC will broadcast Berkshire Hathaway’s annual shareholder meeting starting at 9:30 a.m. ET on Saturday. Viewers can expect a lively discussion that provides insight into Warren Buffett’s views on the market, what types of deals Berkshire Hathaway can make in the year ahead, and other key topics.
Here’s a summary of the day’s events:
9:30 a.m. – 10:15 a.m.: Preview hosted by Becky Quick and Mike Santoli
10:15 a.m. – 1 p.m.: Berkshire Hathaway Morning Q&A
1pm-2pm: Halftime show, hosted by Becky Quick and Mike Santoli
2 pm – 4:00 pm: Q&A session in the afternoon of the Annual Meeting
4:00 pm – 4:30 pm: Post-show hosted by Becky Quick and Mike Santoli
NOTE: Schedule reflects Eastern Time
——Christina Cheddar Burke
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