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I flew to Omaha to cover Warren Buffett's annual meeting. I didn't know I'd witness history being made.

Berkshire shareholders were out in force for the Brooks 5K run.
I joined the droves of Berkshire shareholders taking part in the Brooks 5K run.

Theron Mohamed/BI

  • I traveled from London to Omaha to cover Warren Buffett's annual meeting for Business Insider.
  • The biggest news story of my career ended up breaking while I was there.
  • I immersed myself in all things Buffett for a weekend and had an unforgettable time.

I flew from London to Warren Buffett's hometown of Omaha to cover Berkshire Hathaway's annual shareholder meeting. I wasn't expecting the biggest business story in the world to break while I was there.

Buffett's revelation that he plans to resign as Berkshire's CEO at the end of this year was the headline of my trip. But I also saw rare treasures, spoke to people from all walks of life, visited storied locations, and discovered how Buffett and his businesses pervade almost every part of Omaha.

I had a dream start to my reporting journey.
A Berkshire Hathaway Class B share certificate
My seatmate showed me a Berkshire Hathaway Class B share certificate.

Theron Mohamed/BI

My nine-hour flight from London to Chicago became far more interesting after I learned my seatmate was making the same pilgrimage.

The value investor in his 30s, who asked not to be named, showed me a Berkshire Class B share certificate โ€” signed by Buffett in 2005 โ€” that his firm had given him as the proof of ownership he needed to get a meeting pass.

He told me that when his wife asked why he was so excited to go to Omaha, he replied, "Imagine you're a Christian and you have a chance to see Jesus Christ."

When he nodded off a few hours later, Buffett's face looked up at me from the Kindle on his lap, as he'd been reading "Tap Dancing to Work."

Arriving in Omaha, it was clear this was Berkshire turf.
A wall ad in Omaha's airport.
A winking ad on the wall in Omaha's Eppley Airfield.

Theron Mohamed/BI

I took a connecting flight from Chicago to Omaha and arrived late on Thursday night.

One of the welcome ads on the airport's wall requested visitors to "check your SPACs, Crypto, and EBITDA at the gate" โ€” a nod to Buffett and his late business partner Charlie Munger's disdain for risky, speculative, and volatile assets.

Munger called the proliferation of special-purpose acquisition vehicles, or SPACs, a "moral failing," dismissed bitcoin as "stupid" and "evil" as well as "rat poison." He also described earnings before interest, tax, depreciation, and amortization as "bullshit earnings."

Omaha businesses were ready for Berkshire weekend.
A bookstore in Omaha airport stocked lots of Berkshire-related books.
The airport's Hudson News store had a variety of Berkshire-related titles on display.

Theron Mohamed/BI

The influx of thousands of Berkshire shareholders to Omaha each year spells opportunity for many local companies.

The Hudson News store in the airport had several areas dedicated to Berkshire books and other financial titles, including "Poor Charlie's Almanack" and "Buffett & Munger Unscripted."

Another airport eatery had a See's Candies stall and a sign from Berkshire welcoming its shareholders.

I took a taxi to the DoubleTree by Hilton in downtown Omaha. There was a banner in front of the hotel welcoming Berkshire shareholders, and a similar display outside the elevators on my floor.

Berkshire's big bash evolves with every acquisition.
Berkshire-owned Pilot was serving coffees outside the CHI Health Center.
Berkshire-owned Pilot was serving coffees outside the CHI Health Center.

Theron Mohamed/BI

This was my third annual meeting, and I'm always interested to see how it changes to reflect the deals that Buffett makes.

The conglomerate added Squishmallows-owner Jazwares to its exhibitors after acquiring the toy company's parent, Alleghany, in 2022.

Squishmallows was one of the biggest exhibitors at Berkshire's shareholder shopping day this year, with myriad displays and interactive activities.

Berkshire took full ownership of Pilot Travel Centers at the start of 2024. Pilot employees were selling coffee outside the meeting venue, the CHI Health Center. Inside, the company offered everything from Berkshire Blend coffee to T-shirts with Buffett quotes.

Buffett superfans were out in force.
A pair of Berkshire shareholders pose outside the CHI Health Center.
Wan Xue and a friend were first in line to get their shareholder passes on Friday.

Theron Mohamed/BI

Wan Xue, or "Cathy," 33, from China, was first in line to get her shareholder pass on Friday. She told me she'd purchased 11 books on this trip already, and planned to buy more.

She planned to see everything related to Buffett that she could, and had already visited his birthplace and school as well as Berkshire headquarters, she said.

Plenty of Buffett experts were in town.
John Rogers, Chris Marangi, and Mario Gabelli pictured at the Gabelli Funds conference.
Investors John Rogers, Chris Marangi, and Mario Gabelli spoke at the Gabelli Funds conference.

Theron Mohamed/BI

Veteran investors including billionaire Mario Gabelli and Buffett's former financial assistant, Tracy Britt Cool, spoke at conferences on Friday, the day before Buffett's Q&A.

Fund manager Chris Bloomstran said at the Gabelli Funds conference that tariffs, trade wars, recessions, depressions, and other crises were "net good for Berkshire" as they created buying opportunities. "Bring on a little pain," he added.

I asked Gabelli straight after the conference how he felt about owning Berkshire stock given the current market turmoil.

He shrugged off any concerns, saying he first met Buffett more than 50 years ago at Columbia Business School, and has only ever sold Berkshire to stop his portfolio becoming too concentrated.

At her company Kanbrick's conference, Britt Cool shared a memorable piece of advice from Buffett about long-term, responsible management: "Think about this business as if it's your family's only asset and you cannot sell it for 50 years."

After Buffett's bombshell, I headed to Nebraska Furniture Mart for the shareholder picnic.
A picture of Mrs B's Clearance & Outlet in Omaha.
Mrs B's Clearance & Outlet in Omaha.

Theron Mohamed/BI

After Buffett shocked the world with his retirement plan, I left the press area and spoke to several dumbstruck shareholders.

Once things calmed down, I took a taxi to Nebraska Furniture Mart for the shareholder picnic, and saw "Mrs B's Clearance & Outlet," named after the remarkable lady who built NFM and sold it to Buffett.

There was a photo of Buffett's face on the front door. NFM stocked Buffett T-shirts and other merchandise, and featured an entire See's Candies concession.

Shareholders took the news of Buffett's exit in good spirits.
Sam McColgan and Vipara Rasphone at the NFM picnic.
Sam McColgan and classmate Vipara Rasphone at the NFM picnic.

Theron Mohamed/BI

At the picnic in NFM's parking lot, there was live music, bocce, barbecue, drinks, and lots of people laughing, taking photos, playing games, or dancing.

Sam McColgan, 31, a Stanford graduate student, told me he was "somewhat relieved" that Buffett had announced his resignation, as "it would have been a shock to the world" if he'd died while still CEO.

I even went on a shareholder fun run
Berkshire shareholders were out in force for the Brooks 5K run.
I joined the droves of Berkshire shareholders taking part in the Brooks 5K run.

Theron Mohamed/BI

On Sunday morning I donned an official shirt and racing bib and took part in Brooks' 5K run. I loved the branded team shirts for See's Candies and Oriental Trading employees, and the announcer's wordplay about "investing in yourself" to garner "healthy returns."

I enjoyed traversing the center of the city, but the run wasn't long enough as I was interviewing people along the way and had to keep retracing my steps to avoid finishing.

The finishers' medals were satisfyingly heavy.
The finishers' medal from the race.
The finishers' medal from the race.

Theron Mohamed/BI

I liked the look, feel, and weight of my finishers' medal.

The rest area after the race was well set up with breakfast burritos, Dairy Queen ice cream, and energy drinks at the Berkshire Hathaway Energy booth for runners.

It was fun to tear off a tab from my race bib and exchange it for a Pilot hot chocolate too.

Buffett's retirement was front-page news on Sunday.
Warren Buffett was on the front page of the newspaper at my hotel.
Warren Buffett made the front page after breaking the news of his resignation plan.

Theron Mohamed/BI

The magnitude of what I'd witnessed became clearer after I saw Buffett on the front page of his hometown paper in my hotel's lobby on Sunday.

Buffett bought the Omaha World-Herald for $150 million (and took on its $50 million of debt) in late 2011. He sold his newspapers, which also included The Buffalo News, to Lee Enterprises for $140 million in 2020.

People were still processing Buffett's bombshell.
Venture capitalist Calvin Sowah.
Calvin Sowah was one of many shareholders surprised by Buffett stepping down.

Theron Mohamed/BI

After a shower back at the hotel, I took a Lime scooter to Markel's brunch at the Omaha Marriott, down the road from where Buffett held his Q&A.

Much of the second floor was packed with people wearing Berkshire merch they'd purchased over the previous two days, from hats and windbreakers to polo shirts and shoes.

Calvin Sowah, 30, a venture capitalist from New York City, told me that Buffett's casual manner caught him off guard.

"I wasn't expecting it," he said. "And he just said it so nonchalantly that it was like, 'Oh, wait, what? You're retiring.'"

A veteran shareholder told me he wants Buffett to keep sharing his wisdom.
Martin Wiegand shows me his copy of "Buffett & Munger Unscripted."
Martin Wiegand showed me his copy of "Buffett & Munger Unscripted."

Theron Mohamed/BI

Speaking in the hallway outside Markel's shareholder meeting, Martin Wiegand, 67, told me he's attended more than 30 Berkshire meetings and has owned the stock for about 40 years.

Wiegand said his father was a school friend of Buffett, and his parents attended Berkshire meetings too.

He told me he wants Buffett to continue talking after his deputy, Greg Abel, takes over as CEO in the new year.

"I hope he doesn't drop the mic and walk off the stage, never to be heard from again," Wiegand said. "I hope he teaches a Coursera course โ€” some sort of a podcast is too much to ask," he continued, adding that he'd like Buffett to keep doing media appearances.

"Warren Buffett's the moral authority of finance in America," he said. "And I think he proved yesterday he's still the sharpest man in the room at 94."

There was time for one final story from Omaha on my trip home.
John Di Bella and Aidan Sims on the flight back to New York City.
College students John Di Bella and Aidan Sims on the flight back to New York City.

Theron Mohamed/BI

I thought my Berkshire experience was over when I boarded a flight to New York City early Monday morning.

But my seatmates, Aidan Sims and John Di Bella, were two finance majors from NYC who'd also made the trip to see Buffett speak.

Sims said he had a date to a formal on Friday night, but managed to make it to Omaha in time to watch Buffett's bombshell announcement.

Di Bella told me how he spent the night outside to get good seats for the Q&A. He played poker on the street, vaulted up the arena's steps once the doors opened, and scored selfies with Apple CEO Tim Cook and former Secretary of State Hillary Clinton.

The chance encounter cemented Omaha in my memory as a magical place to meet fascinating people, hear wild stories, visit historic locations, and, just maybe, have a once-in-a-lifetime experience.

Read the original article on Business Insider

I spent 8 hours in the cold to see Warren Buffett speak. I witnessed his retirement bombshell — and met Tim Cook and Hillary Clinton.

John Di Bella III and Apple CEO Tim Cook.
John Di Bella III snaps a selfie with Apple CEO Tim Cook at Berkshire Hathaway's annual meeting.

John Di Bella

  • John Di Bella III waited in the cold for eight hours to get a good seat for Warren Buffett's Q&A.
  • He "witnessed history" when Buffett revealed his plan to step down as Berkshire Hathaway CEO.
  • The college student and Berkshire shareholder took photos with Tim Cook and Hillary Clinton.

This as-told-to essay is based on a conversation with John Di Bella III, a 20-year-old college student at Hofstra University in New York. It has been edited for length and clarity.

Eight hours waiting in the cold Nebraska night air was a small price to pay for the experience of watching Warren Buffett close one of the final chapters in the story of a lifetime.

My business partner from college and I had been planning a trip to see the investing icon speak at Berkshire Hathaway's annual shareholder meeting for at least a year.

On Friday night, I flew in from New York City and touched down in Buffett's hometown of Omaha at around 10:30 p.m.

Our hotel was across the street from CHI Health Center, the meeting venue. People were already beginning to camp outside, so I quickly checked in, dropped my bags, then walked over to join the line with an energy drink.

The first gentleman I spoke to was Dean, an excited data analytics guy from Colorado who was camped out with a sleeping bag.

A college teacher and her students were playing poker on a giant tarp they'd brought. I joined in and spent the night flipping cards, placing bets, and waiting.

I didn't notice the temperature dropping off until my body started shaking. It was freezing cold. People in the line were wearing solar blankets and looked like the Tin Man.

The crowd outside the CHI Health Center in Omaha.
John Di Bella III waited overnight to secure a good seat for Warren Buffett's yearly Q&A.

John Di Bella III

Morning rush

As the morning got closer, people got rowdier, and the lines tightened up. Thousands of Buffett fans showed up.

When the doors opened at 7 a.m., it was complete chaos. We sprinted about 10 feet before realizing we had to go through a security checkpoint. There were security guards shouting at us to knock it off and we got the memo quickly.

Once past security, we raced up the stairs, taking three at a time, then attempted to run-walk through the arena to reach the audience seating area. Security were yelling at anyone who ran.

Eight hours of waiting paid off when we slid into the first bleacher row above the floor, maybe one or two sections from the front of the stadium where Buffett would speak.

I've been to concerts in the past, but nothing that compared to a packed out stadium for one man who people really look up to and want to learn from.

Selfie skills

During the break at 10:30 a.m., I went down to the stadium floor to see if I could get photos of VIPs.

I realized Hillary Clinton was still in the room. A few passionate ladies in the line were calling out, "Hillary! Hillary! Hillary!"

I stood there thinking, "How am I going to get her attention?"

I had a phrase in my mind from military school and blurted out, "Madam Secretary, how are you today?"

She turned around with a smile on her face, walked over, and agreed to take a picture with me.

John Di Bella III and Hillary Clinton.
John Di Bella snapped a selfie with Hillary Clinton, the former Secretary of State and first lady.

John Di Bella III

Then Tim Cook, the CEO of Apple, walked out. I was determined to get a picture with him.

My partner's mother left her corporate senior management job to work at Apple back in 1997 when Steve Jobs rejoined the company.

Having a photo of Tim Cook would be something funny I could text and be like, "Hey, I saw your boss," but it also had sentimental value.

After failing twice, I caught his eye and said, "Mr. Cook, my mother-in-law works for you. Her name's Meghan. She loves you, sir. Can I get a photo with you?"

He smiled and replied, "Absolutely. She's a great person. I know her. Tell her I wish her well," then posed for a photo with me.

John Di Bella III and Apple CEO Tim Cook.
He also grabbed a selfie with Apple CEO Tim Cook.

John Di Bella

Breaking the news

During the Q&A, Buffett shared advice and interesting stories. I was exhausted, but the more tired I became, the more intently I listened.

At one point he joked about how Tim Cook made more money for Berkshire Hathaway than he ever had. He was totally serious and it was such a humble thing to say.

In the closing minutes of the session, Buffett's mannerisms changed and you could tell something important was coming.

The room was quiet enough to hear a pin drop.

Buffett announced he intends to step down at the end of this year and have his planned successor, Greg Abel, take the CEO role.

After the bombshell, the entire audience stood and applauded that man for 10 minutes straight.

I felt like I was personally speaking to Buffett saying: "Thank you. Thank you for bringing me here. Thank you for everything that you have done for us. And thank you for the legacy that we will now remember you by."

A video of the standing ovation for Warren Buffett, taken by John Di Bella III. pic.twitter.com/KpQzNdz3vf

โ€” Theron Mohamed (@Theron_Mohamed) May 7, 2025

Memorable meeting

Listening to Buffett provided the cheapest wisdom I've ever received. I put in nothing compared to what I experienced that day.

The waiting, camaraderie, sleep deprivation, listening to stories, meeting Tim Cook and Hillary Clinton, all added to that historic day. I waited eight hours; I experienced a lifetime.

We witnessed history being made โ€”ย a page in the final chapter of one of the greatest stories written.

All things considered, I think it was a pretty good trip.

Read the original article on Business Insider

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