Thousands of Berkshire Hathaway shareholders are off to Omaha this weekend for what’s known as “Woodstock for Capitalists,” where Warren Buffett will be meeting them in person for the first time since 2019. Here are a few topics to watch out for.
Thousands of Berkshire Hathaway Inc. shareholders are off to Omaha this weekend for what’s known as “Woodstock for Capitalists,” where Warren Buffett will be meeting them in person for the first time since 2019. Berkshire’s annual meeting, held virtually for the past two years in the pandemic, will be streamed live Saturday.
This year the U.S. stock market has sunk, with investors jittery over the Fed raising interest rates to fight the hottest inflation in about four decades. The cost of living has surged in the wake of massive monetary and fiscal stimulus during the pandemic, and now, investors fear Powell risks tipping the economy into recession as he aims to bring inflation under control.
Winding down? Buffett, the “Oracle of Omaha” widely revered for his stock-picking prowess, will soon be auctioning off a private meal to raise money for the Glide Foundation for a final time. Glide, a California charity for the homeless, said Monday that bidding for a lunch with Buffett will open June 12. What Glide described as the “grand finale” lunch may raise questions about how much longer he intends on leading Berkshire Hathaway as CEO.
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