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Warren Buffett Disciples Gather in Omaha

  • Wayne Lee

FILE - Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on the Fox Business Network in Omaha, Neb.

FILE - Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on the Fox Business Network in Omaha, Neb.

Thousands of investors are flocking to Omaha, Nebraska, to gain insight from one of the world's most successful investors.

Warren Buffett, the world's third richest man, will host the annual meeting of shareholders of Berkshire Hathaway Incorporated, a conglomerate he oversees with annual sales of $200 billion and well over 300,000 employees.

Last year, more than 40,000 people descended on the midwestern city to attend what has become known as the "Woodstock of Capitalists," in honor Buffet's 50th year at the helm of Berkshire Hathaway. At least that many are expected Saturday and Sunday, even though the meeting will be live-streamed for the first time.

The stream will be available in Mandarin to meet demand from China, where he is greatly appreciated and where possible investment opportunities lie.

Shareholders will attend gala activities hosted by Buffett but, most importantly, they will receive his coveted newsletter. Over the years, the newsletter has become a guide for small and large investors alike. It provides Berkshire Hathaway investors with insight, not only about earnings and operations, but forward-looking remarks regarding the economy and advice about how to be a better leader.

Buffet, whose net worth was estimated by Forbes to be $66.7 billion in 2015, is one the world's most successful investors. At 85, he is the oldest CEO of a Fortune 500 company.

Berkshire is ranked fourth on the list of Fortune 500 companies, which consists of the 500 largest corporations in the U.S. as measured by total revenue.

Some information for this report was provided by Reuters.

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