The big news about the 2016 Berkshire Hathaway shareholders meeting was announced a few weeks ago – it will be webcast for the first time. In Warren Buffett’s annual letter to shareholders
– released today – he says:
“Charlie and I have finally decided to enter the 21st Century. Our annual meeting this year will be webcast worldwide in its entirety.”
This is huge news. Warren Buffett says they made the change because they’re hoping to keep attendance at the meeting the same or even slightly lower. We were at capacity last year – both in terms of the CenturyLink Center where the meeting was held and places for people to stay in the area.
Buffett’s other reason is age. Charlie Munger is 92. Warren is 85. They say shareholders should be able to see them occasionally to “monitor how we look and sound.”
The team at Yahoo will no doubt do an excellent job with the webcast. You can sign up for a reminder alert or watch it here.
I did note that in the schedule for the webcast – it will begin carrying coverage of the annual meeting at 9:30 CDT. That means those watching online will not get a chance to watch the phenomenally funny video that kicks off the meeting each year. Chalk that up as another great reason to come to Omaha to see the meeting in person.
Last year, Berkshire Hathaway offered shopping hours for the first time on Friday at the CenturyLink Center in Berkyville. It was a hit (we can attest! Our Borsheims booth was wonderfully busy!). The same shopping hours will be held this year – noon to 5 on Friday, April 29th and 7am – 4:30pm on Saturday, April 30th.
It looks like everything else at the meeting will look a lot like it has for several years now. When you have a great thing going – why change it?
We’ll still have the Borsheims Cocktail party to kick off the weekend on Friday, April 29th from 6 to 9pm.
Saturday, April 30th, the doors to the CenturyLink Center will open at 7am. The movie will start at 8:30 and the meeting will begin at 9:30. Warren Buffett and Charlie Munger will again take questions both from the audience and from the panel of financial journalists. The meeting will wrap up about 4:30 – in plenty of time for people to get to the picnic at Nebraska Furniture Mart from 5:30 – 8pm or do any other number of fun things around Omaha.
Bill Gates and Warren Buffett concede their table tennis match to Olympian Ariel Hsing during the 2015 Berkshire Hathaway Shareholders weekend.
Sunday, May 1st, the Brooks Berkshire 5K will start at 8am. Then head on over to Borsheims for the shareholder only shopping day from 9am – 4pm. At Borsheims, expect the magician, the bridge experts, and table tennis champ Ariel Hsing.
The weekend wraps up Sunday evening with dinner at Gorat’s. It’s tough to get a seat – so they start taking reservations on April 1st. (We’ll remind you as it gets closer – don’t worry!). Warren Buffett’s other favorite restaurant, Piccolo’s, closed this past year.
That’s it! So really the only change at this year’s annual shareholders meeting and weekend is one that won’t even be noticeable to the shareholders who come to Omaha for the fun – the addition of the webcast.
We can’t wait! We look forward to seeing you soon!