The 2024 Berkshire Hathaway shareholders meeting was held in Omaha, where thousands of attendees gathered to hear Warren Buffett speak. CFRA is bullish on Berkshire Hathaway’s B shares, calling them undervalued compared to historical averages and anticipating positive catalysts in the company’s earnings release. There is speculation that Buffett may reveal a secret bank stock Berkshire has been purchasing. This annual meeting marks the first without Charlie Munger, Buffett’s longtime partner who passed away in November. Vice Chairman Greg Abel will fill Munger’s seat and help answer shareholder questions.
CNBC will be livestreaming the annual meeting, providing insight into Buffett’s view of the market and potential deals Berkshire could make in the future. The schedule includes a pre-show, morning Q&A session, halftime show, afternoon Q&A session, and post-show coverage. This year’s meeting is expected to be a tear-jerker tribute to Munger, with Buffett and Abel addressing shareholder concerns and discussing Berkshire’s future plans. Munger’s absence will be felt by attendees, as he was known for his blunt honesty and sense of humor.
Investors are encouraged to buy undervalued Berkshire Hathaway shares, as CFRA believes there is potential for growth in the stock. The company’s class B shares have seen a nearly 13% year-to-date increase, making them an attractive investment opportunity. Buffett may reveal details about the secret stock purchase Berkshire has been making, which many speculate could be a bank stock based on recent filings. The meeting will be an opportunity for shareholders to gain insight into Buffett’s investment strategies and the future direction of Berkshire Hathaway.
The absence of Munger at this year’s meeting will be a solemn reminder of his influence on Berkshire Hathaway and Buffett’s investing approach. Munger’s legacy of focusing on quality companies at fair prices and his unique personality are remembered by generations of investors. Abel’s presence at the meeting as Buffett’s designated successor will be a significant moment for shareholders, as they anticipate the future leadership of the company. The annual meeting movie, usually reserved for attendees in Omaha, will likely pay tribute to Munger and his contributions to Berkshire Hathaway.
Overall, the 2024 Berkshire Hathaway shareholders meeting promises to be an eventful and emotional occasion, with discussions about the company’s performance, potential investments, and future leadership. Investors are eager to hear from Buffett and Abel about their vision for Berkshire Hathaway and how they plan to navigate the challenges and opportunities in the market. The livestream coverage by CNBC will allow a wider audience to participate in the meeting and gain valuable insights into the world of Buffett and Berkshire Hathaway.
