Overview
- Berkshire Hathaway holds its annual meeting in Omaha on Saturday, with first‑quarter results due at 8 a.m. ET and a one‑hour business update from Greg Abel before about 2½ hours of questions.
- Ajit Jain of insurance, BNSF’s Katie Farmer, and NetJets’ Adam Johnson will join the Q&A, while Warren Buffett attends as executive chairman offstage.
- Shares are down more than 5% this year versus a 4% gain for the S&P 500, and Berkshire restarted stock buybacks in March after a pause.
- Abel now oversees most of the roughly $300 billion stock portfolio and disclosed he bought about $15 million of Berkshire shares using his after‑tax salary.
- Omaha and venue operator MECA rolled out a new clear‑bag policy as a slightly smaller crowd, estimated at 25,000 to 30,000, arrives for the expo that adds vendor Bell Laboratories.