Berkshire Hathaway 2026 annual shareholder meeting

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Last Updated on May 3, 2026 by stlplace

The crowd size at the meeting went down quite a bit this year since Warren Buffett’s retirement.

Attendance at Berkshire’s annual meeting was about 25,000, down from 40,000 last year. Greg Abel answered fewer than 15 shareholder questions as compared to 50 – 60 questions that Warren Buffett responded to in the past. Greg Abel demonstrated his in-depth knowledge of…

— David Kass (@DrDavidKass) May 3, 2026

Berkshire is so empty this year…last year, there were like twenty seats left behind the screen where you couldn’t even see Buffett, and now even the lower seats aren’t full#BRK2026 pic.twitter.com/mAx5HlpHma

— Reasoned Speculations (@RsndSpeculation) May 2, 2026

But I think both Warren and Greg handled the questions well. I will put links later, but two things I learned from them.

Valuation is not attractive for them to deploy the cash right now. I think a good example is stocks such as $CAT, used to be blue chip stock, and now has a PE of 47. On the other hand, I just googled – what is apple’s PE when warren started to buy their shares in 2016 – it was 10 to 14. Back to $CAT, its data center segment’s backlog is substantial though – you will need to do a bit research to get a number – Google just gives an overall number.

Another observation or lesson I learned from Warren is here (YT) and tweet – this is about gamblign mentality which is prevailing in current market.

Greg and Ajit duo – and the default mode is No.

I was at the meeting about 4 years ago – YT video.