Berkshire Hathaway 2021 Meeting

Berkshire Hathaway 2021 Meeting: Ready to Learn!

I’m getting ready to learn from legendary investors Warren Buffett and Charlie Munger at the Berkshire Hathaway Annual Meeting this Saturday, May 1st, 2021!

The meeting is usually a huge gathering with over 40,000 people normally flocking to Omaha, Nebraska at the CHI Health Convention Center. For the first time ever, it will be in sunny Los Angeles where 90 year old Warren Buffett plans to reunite with his partner Charlie Munger, going strong at 97 years old!

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After what feels like an eternity of mostly staying at home, I’m sure many of are wishing we could attend in person. But at least we’ve got the Yahoo Livestream that will start ahead of the 1:30pm question and answer session, which will go until 5pm for 3.5 hours of worldly wisdom from the GOATs of investing.

What would you want to find out from Buffett or Munger at the 2021 Meeting? Let me know in the comments below!

When the annual meeting is normally in person, you simply would need to own 1 share of BRK.B stock (usually priced between $200-$300) and request in advance for the event credentials.

What I plan to do is join and meet up with some fellow Berkshire shareholders 2022 is to finally be in a position to attend because I didn’t get to make it to Omaha in 2019. Buffett sure hopes for the Woodstock for Capitalists to return in 2022!

Borsheims the jewelry store even offers brunch! And you know how much us millennials love brunch! We’d have some avocado toast and mimosas while considering what gems we would like to pick up!

I would be curious to see all the famous sites like The Bookworm Bookstore or Gorat’s Steak House, and the exhibit booths with things for sale and even though I’m not a huge shopper I would still try to hunt for any particularly cool value deals like limited edition stamps or cowboy boots! And I would participate in the 5K run if they held it in the future.

The abominable No-Man Charlie did what?! He recently bought Alibaba — per a Barron’s article it’s a position to serve as a cash equivalent. In lieu of getting low yield with US treasury bills, DJCO has bought some BABA instead. Munger said unless its long term prospects seem good, a common stock isn’t considered a good cash equivalent. $37.5 million is not insignificant at 19% of the DJCO portfolio according to Dataroma.

Whereas looking at Berkshire’s moves among its top 10 holdings, they only added to their positions in Verizon (maybe related to 5G infrastructural growth) and Chevron (maybe the oil and gas sector is making a comeback?!) and reduced somewhat their positions in Apple and US Bancorp. What this is hinting to me is that Buffett doesn’t seem super inspired to buy that much right now. Which wouldn’t be surprising because I also don’t think many wonderful companies are on sale at the moment in Spring 2021.

People are always asking about the succession plan, which I think is pretty obvious in that things’ll be run by Greg Abel, Ajit Jain, and Todd & Ted in the future.

I wonder about blockchain and I sent in a question about if the 4 jewels of Berkshire Hathaway might adopt any blockchain technologies. I didn’t try to ask about the most popular current blockchain use case because I already know how Buffett feels about them: they could be rat poison.

I also wonder if in the near to medium term future of continued low interest rates, whether Berkshire’s price right now makes sense to buy it back versus doing anything else like making big acquisitions or improving operating earnings as the economy tries to get back into full swing?

I especially look forward to Charlie Munger’s loose cannon responses, similar to what he said at the Daily Journal annual meeting.

We’ll see what shakes out from the meeting and I’ll be sure to share a follow-up reaction video about my takeaways from this year’s meeting.

All of us are on the journey toward financial freedom, and I look forward to making more investor friends.

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