Berkshire Hathaway’s annual meeting is an event that investors across the globe wait for.
While the wit and wisdom of one of the most successful investors of all time-Warren Buffett-is the highlight every year, this year, people will be waiting for what the ‘Oracle of Omaha’ has to say on the near-term trends as the coronavirus whips through the world.
Buffett’s Berkshire Hathaway Inc will hold a truncated virtual annual meeting on May 2, where its billionaire chairman will be present but his long-time Vice Chairman Charlie Munger will not, a Reuters report said. The meeting will be streamed live on Yahoo Finance.
Buffett has been, so far, quiet on the coronavirus. In the meeting, investors will desperately want to hear from him on how resilient Berkshire is against the virus that has infected more than 3.32 million people and killed at least 234,702 across the world.
As per Reuters, shareholders expect Buffett to show Berkshire can successfully weather a deep recession.
Reuters further added that Berkshire is also likely to report a huge first-quarter net loss, as investments such as American Express, Bank of America and the four largest US airlines sank in value.
Many investors will focus on the quarterly performance of Berkshire’s more than 90 operating businesses, which will shed light on what and how much stocks the company purchased during the quarter and the total size of the investment portfolio, including its largest holdings.
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