One of the highlights of the yearly business calendar is the annual meeting of Berkshire Hathaway shareholders. Every spring tens of thousands of the Berkshire faithful make the haj to Omaha, to hear the wisdom of Berkshire’s Chairman, Warren Buffett, and his long-standing side-kick and straight man, Charlie Munger. How did this assembly become such a widely attended and closely watched event, and why do so many people attend year after year? These questions are interestingly examined in a recent book of short essays edited by the wife and husband team of George Washington University Law School Professor Lawrence Cunningham and New York attorney and real estate developer Stephanie Cuba. The book, entitled “The Warren Buffett Shareholder: Stories from Inside the Berkshire Hathaway Annual Meeting” (here), provides a series of interesting glimpses of what the Berkshire shareholder meeting means to a number of different regular attendees, along the way illustrating how and why the meeting has become the phenomenon that it now is.
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