Locator: 50696BRK.
Updates
May 4, 2026: pre-market?
May 3, 2026:
- CNBC on Greg Abel's first annual meeting: solid A -- link here.
- Kingswell on Greg Abel's first annual meeting: solid A -- link here.
Original Post
Initial note on BRK's annual meeting was here, but the updates will be tracked here.
At the end of the day: Greg Abel had a great sales pitch but it looked like BRK prefers "collecting" great American companies and not worry about short term gains. Most concerning were Abel's comments on their wholly-owned subsidiary BNSF.
This says it all. Link here. See this post.
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Sales Pitch
Abel
had a great sales pitch. I believe BRK's benchmark is the S&P 500,
long-term. But it would be more interesting to know which investment --
unless it's the S&P 500 ETF -- BRK is really competing with -- such
as SCHB or SCHG. For the investor, in other words, if the investor is
looking at SCHB or SCHG would BRK be a better investment?
It's pretty obvious where one should have invested new money this past year if one were to choose between SCHB and BRKB.
SCHB: passively managed; run by computers; algorithms; rules.
BRKB: highly, highly, highly personally run by a small human team.
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Takeaways From CEO Abel's Comments
#2 Ajit, age 65, and by inference, #1 Abel, were both "skeptical" of AI.
Risk is their number one concern.
When it comes to AI, they need to see "safeguards."
Insurance division did well this past year because there were no major disasters, like California fires.
They still like cash: cash horde is now flirting with $400 billion. BRK's market value: $1.02 trillion and almost 40% of that is cash?
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Disclaimer
Briefly
Briefly:
I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
I am inappropriately exuberant about the US economy and the US market.I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer:
this is not an investment site. Do not make any investment, financial,
job, career, travel, or relationship decisions based on what you read
here or think you may have read here. All my posts are done quickly:
there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
If anything on any of my
posts is important to you, go to the source. If/when I find
typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.I am also inappropriately exuberant about all things Apple. And
now, Nvidia, also. I am also inappropriately exuberant about all things
Nvidia. Nvidia is a metonym for AI and/or the sixth industrial
revolution. I've
now added Broadcom to the disclaimer. I am also inappropriately
exuberant about all things Broadcom. Now, I've added Amazon.Longer version here.
