From CNBC: 2024-05-03 11:00:58

Warren Buffett gears up for the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha without long-time partner Charlie Munger, who passed away last November. The meeting this year will have a more serious tone, with Buffett’s designated successor Greg Abel standing in for Munger. Berkshire will broadcast its annual movie for the first time ever.

Investors expect Buffett to discuss key topics such as inflation’s impact on Berkshire’s businesses, the decision to trim Apple’s stake, Berkshire’s secret stock pick, plans for record cash holdings, and Berkshire’s succession plan. As the market grapples with inflation, investors will be eager to hear Buffett’s macroeconomic insights and market guidance.

Berkshire surprised many by trimming its Apple stake in the fourth quarter, despite Buffett’s long-standing affection for the tech giant. Apple’s recent announcement of a $110 billion stock buyback drove share prices up, although the company posted a decline in overall and iPhone sales. Shareholders are curious about Berkshire’s secret bank stock purchase.

Berkshire’s succession plan, particularly following the passing of Charlie Munger, will come under the spotlight at the annual meeting. Greg Abel, Buffett’s successor designate, has been overseeing a significant portion of Berkshire’s operations since 2021. Questions remain as to how capital will be allocated post-Buffett and the roles of Berkshire’s investing managers.

Read more: Berkshire Hathaway’s 2024 meeting is Saturday. Here’s how to watch