Berkshire Hathaway 2025 Annual Meeting Summary
- Andrew Burns
- May 7
- 1 min read
“I think the time has arrived where Greg should become the chief executive officer of the company at year-end… I would still hang around and could conceivably be useful in a few cases.”
“Ok, drink your Coke and calm down!”
– Warren Buffett, May 3rd, 2025
Conceivably useful, indeed he could be. If there were a “perfect” time for Warren to step aside as Berkshire CEO, this would be it. Charlie passed in 2023. Berkshire’s stock just hit an all-time high. It is beating the S&P 500 year to date, the last one year, two years, three years, five years, ten years, and forever. At 94, he’s going out on his own terms. The score card from 1965 through 2024 was an annualized gain of 19.9%. Put another way, plus 5.5 MILLION percent! Put yet another way, a return multiple of 55,000x. One dollar invested profited $55,000. Ten thousand dollars invested turned into over half a billion![1] Berkshire could drop 99% from here and still beat the index during his tenure. If you want to give Warren credit for the ~19% return in 2025 before announcing his impending emeritus status, it bumps the returns to something like plus 6.5 million percent. Ludicrous. Pour out your favorite Coca-Cola product in a toast to the greatest financial mind of the last century and perhaps ever. Congratulations on a “retirement” well-earned. I hope we will still have the chance to see him at the annual meeting next year, even without the CEO title. Click below to read my full summary!
[1] Oh, to have been a trusting and socially connected Omaha doctor in the mid 1960’s…
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