Berkshire's 2025 annual shareholder meeting: Watch the full afternoon session

About this Video

• Video Title: Berkshire's 2025 annual shareholder meeting: Watch the full afternoon session
• Channel: CNBC Television
• Speakers: Warren Buffett, Greg Abel, Robert (shareholder from Toronto), Dorcas Tang (14-year-old shareholder), Alitia Burk (shareholder from Poland, living in Chicago), Matthew Teisac (shareholder from Leighton, Utah), Ricardo Bri (longtime shareholder from Panama), Revi Paneida (economics teacher from London), Patrick Nester (13-year-old shareholder from Tampa), John Nester (15-year-old shareholder from Tampa), Scott Williams (shareholder from Portland, Oregon), Saskia (shareholder from Germany), Pig Huang Chen (shareholder from Taiwan), Jay Milroy (shareholder), Billy D. Ross (nurse from New York State), Kansas Lommy (junior at Elkrin South High School, Omaha).
• Duration: 02:04:01

Introduction

This video is a recording of the afternoon session of Berkshire Hathaway's 2025 annual shareholder meeting. The main focus is on a Q&A session with Warren Buffett and Greg Abel, where they discuss Berkshire Hathaway's investment strategies, capital allocation, the challenges faced by the energy sector (including wildfires and liabilities), and the future leadership of the company.

Key Takeaways

1. Recommendation of "Becoming Katherine Graham": Warren Buffett recommends the documentary "Becoming Katherine Graham" as a fascinating look into American history.
2. Leadership Transition: Warren Buffett announces his intention to recommend Greg Abel as the company's next CEO.
3. Capital Allocation Strategy: Berkshire Hathaway will continue its long-standing investment philosophy, focusing on understanding the underlying risks and long-term prospects of businesses before allocating capital, whether acquiring whole companies or taking equity positions. Emphasis is placed on balance sheets over income statements.
4. Energy Sector Challenges: The energy sector faces significant challenges regarding wildfire liabilities and the need for substantial investment in infrastructure upgrades. Berkshire Hathaway is actively working to mitigate risks and adapt to changing regulations and societal expectations, including proactive de-energization of assets during fire threats.
5. Importance of Hard Work and Curiosity: The speakers emphasize the importance of hard work, curiosity, and continuous learning for success in business and life.