In 1973, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett oversaw his company's first annual shareholder meeting -- a few dozen people attended. Today, Berkshire's annual shareholder meetings are nothing short of a spectacle that draw anywhere from 30,000 to 40,000 people to Omaha, Nebraska, to hear Buffett and right-hand man Charlie Munger speak on the economy and stock market.

New and tenured investors flock to Berkshire Hathaway's annual shareholder meetings because the Oracle of Omaha has a phenomenal track record. Since taking over 58 years ago, he's led his company's Class A shares (BRK.A) to an aggregate gain of better than 4,100,000%. On an annualized basis, he's doubled up the total return, including dividends, of the S 500.

Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.

Continue reading

Source Fool.com