2026Q1 Berkshire Hathaway Inc. (BRKA and BRKB)

The May 2, 2026, Annual Shareholder Meeting marked a historic transition, with Greg Abel presiding as CEO while Warren Buffett sat in the front row of the audience1. Abel emphasized his commitment to maintaining Berkshire's long-standing decentralized culture, explicitly rejecting corporate bureaucracy and cautioning against "ABC"—Arrogance, Bureaucracy, and Complacency. Regarding the current market environment, Buffett observed that investors are in a heightened "gambling mood," increasingly treating the stock market like a casino1. Addressing the company's record $397 billion cash and short-term Treasury bill position, Abel stressed patience; he noted that Berkshire will not be pressured into deploying capital prematurely but retains the immense flexibility to act decisively when properly valued opportunities arise2. Additionally, management highlighted the massive energy demands stemming from AI data centers, with Abel stating that hyperscale operators must shoulder these costs directly rather than passing them on to general grid users