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Berkshire shares struggle into annual meeting. Can Abel rekindle enthusiasm without Buffett center stage?

CNBC · May 1, 2026, 11:12 AM · Also reported by 2 other sources

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  • For decades, Berkshire Hathaway's annual meeting has doubled as a kind of financial Woodstock, drawing tens of thousands to hear Warren Buffett dispense homespun wisdom, crack jokes and field hours of questions.
  • For the first time, the 95-year-old Buffett won't be the central figure on stage, marking a new era for one of the investing world's most closely watched rituals.

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For decades, Berkshire Hathaway's annual meeting has doubled as a kind of financial Woodstock, drawing tens of thousands to hear Warren Buffett dispense homespun wisdom, crack jokes and field hours of questions.

For the first time, the 95-year-old Buffett won't be the central figure on stage, marking a new era for one of the investing world's most closely watched rituals. The shift puts a spotlight on Greg Abel, who took over as CEO at the start of 2026, and raises a question hanging over Omaha: what does Berkshire look like without the man who defined it?

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