A half-century ago, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) held its first annual meeting in the employee cafeteria of National Indemnity Company, which is one of Berkshire's subsidiaries. It drew a few dozen people.  Today, Berkshire's annual shareholder meetings in Omaha, Nebraska, can tip the scales at more than 40,000 shareholders and investors.

The lure of these meetings is the chance to listen to CEO Warren Buffett discuss everything from his views on the economy to specific stocks or the stock market in general. Since taking over as CEO in 1965, the Oracle of Omaha has led his company's Class A shares (BRK.A) to an aggregate gain of 4,210,902%, as of the closing bell on July 19, 2023. On an annualized basis, through the end of 2022, Berkshire Hathaway had doubled up the total return, including dividends, of the benchmark S 500.

The point being that riding Warren Buffett's coattails has been a successful moneymaking strategy for decades.

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Source Fool.com