Berkshire Hathaway Chairman and CEO Warren Buffett will preside over the company's annual meeting. Track all of the day's news and analysis here.Saturday will be broadcast exclusively on CNBC and livestreamed on CNBC.com. The special coverage will begin at 9:30 a.m. ET and all the day's events will be chronicled here.confidential treatment
Many speculated that the secret purchase could be a bank stock as the conglomerate's cost basis for"banks, insurance, and finance" equity holdings jumped by $3.59 billion in the second half of last year, according to separate Berkshire The annual meeting could start on a somber note with the absence of Charlie Munger on everyone's mind.
Vice Chairman of Non-Insurance Operations Greg Abel, Buffett's designated successor, will fill Munger's seat in the afternoon session, helping answer shareholder questions.
Source: News Formal (newsformal.com)
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