Skip to main content

If things had worked out somewhat differently, I would currently be in Ghent, admiring some very old paintings and eating waterzooi and drinking sour beer. This is, of course, disappointing. But not half as disappointing as the news that 40,000 people will be denied their annual trip to the exciting and bustling metropolis of Omaha.

“I very much regret this action; for many decades the annual meeting has been a high point of the year for me and my partner, Charlie Munger,” Buffett said in a letter to shareholders. “It is now clear, however, that large gatherings can pose a health threat to the participants and the greater community.”

“Therefore, we will limit attendance to me, possibly Charlie, and several Berkshire employees who will deliver proxy votes,” Buffett said.

On the bright side, you’ll still be able to hear Munger complain about things through the magic of technology.

He said the May 2 meeting will be streamed online by Yahoo Finance.

And back to the grim side:

The value of Berkshire's holdings has dropped by more than a third to about $6.3 billion. If the pandemic continues to plague airline stocks, that loss could grow.

Warren Buffett says Berkshire’s annual meeting will be held without shareholders in attendance [CNBC]
Warren Buffett’s Berkshire Hathaway loses more than $3 billion as coronavirus hammers airline stocks [BI]

Related

omaha

Omicron Can’t Stop Omaha’s Biggest Party This Year

Unless, you know, it can. But for now, book those flights and hotels to one of the Midwest’s, uh, cities.

Getty Images

Warren Buffett, Charlie Munger Don’t Like Bitcoin, Stock Speculators, Other People Buying Apple, Robinhood

Oh, also, Berkshire Hathaway didn’t do terribly well in the first quarter.

Getty Images

Warren Buffett: Something Will Save The U.S. Economy, But It Won’t Be Him

In fact, it’s going to take some magic and a miracle. And probably a decade or two.

charliemunger

Charlie Munger, Who Has Said Worse Things About Bill Ackman, Says Bill Ackman Doesn’t Know What The Hell He’s Talking About

And would some of you hard-up corporate executives give the guy a call, for heaven’s sake?

Getty Images

Brace Yourself For Buffettcoins

Berkshire Hathaway’s brain trust has said a lot of terrible things about cryptocurrencies and gold, and they just invested half a billion dollars in gold.