Berkshire Annual Meeting Preview
Saturday's event could be the most valuable in years for Berkshire shareholders.
Berkshire Hathaway's (BRK.A) (BRK.B) annual meeting is scheduled for May 2 in Omaha, Neb. Berkshire hosts one of the most interesting (and fun) annual meetings in the corporate world. Loyal shareholders from all over the place descend on the city to share their perspectives and to listen to Berkshire leaders Warren Buffett and Charlie Munger for their thoughts on the company as well as the economy and financial system.
Well, we've had a historic period in financial markets since mid-2007 or so, and this has included very poor results for Berkshire Hathaway. Berkshire shareholders aren't used to a 40% decline in the market value of their investment, and that's what they've had since both the Class A and Class B shares peaked in late 2007. In 2008, Berkshire had the largest one-year decline in book value per share in its history.
Bill Bergman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.