Find Out Who Just Beat Warren Buffett at His Own Shareholder Meeting
The annual shareholder meeting for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) earlier this month was an unprecedented event because of the impact of the coronavirus pandemic. Although Warren Buffett and a small group of people still held the meeting in the same large Omaha arena as in previous years, there was no live audience. Buffett did his best to maintain the same spirit of celebration, with a long presentation and question-and-answer session, but the experience was still much different than normal for those who've historically attended the meeting live and in person.
Buffett is incredibly popular, and the unusual circumstances of the meeting didn't make his followers less interested in hearing what he had to say. Yet at least by one standard, Buffett found himself on the short end of the straw compared to one brand-new player at Berkshire Hathaway -- and it'll be interesting to see what impact this move in the insurance company's boardroom will have on Buffett's company in the years to come.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Source Fool.com
