Covid-19 makes investment mavens miss annual rite as Buffett goes online

Warren Buffett's annual event was held online this year because of the Covid-19 pandemic. Many tuned in to watch and listen, though some wished they could have been there.

During the 1996 annual meeting of Berkshire Hathaway, a woman asked Chairman Warren Buffett for some investment advice. She said she dabbled in stock with her husband, but they followed different strategies. Her husband bought perhaps 40 different companies for his portfolio. She largely stuck to buying two companies — Berkshire Hathaway and Microsoft Corporation. She asked Buffett if her approach was right. He cautiously told her he didn’t recommend selling.

Berkshire continued to outperform in subsequent years and Microsoft today is one of the world’s most-valuable company, with a market value of $1.3 trillion.

In the audience that day attending the