Emmet

But she went and she arrived at the Woodstock for capitalists and got a front row seat.

where she promptly fell asleep because it was a pretty grueling journey and you have to kind of join a line at 4 a.m.

outside to get the good seats.

Even when your good seats are assured, you kind of have to be there at a stupid early time.

So there's a picture floating around on the family WhatsApp group of her fast asleep in the front row of the AGM.

And what woke her was Charlie Munger crunching down on the peanut brittle because it's a loud thing to eat, especially in front of a microphone.

so that's my only personal uh berkshire story anyway this weekend's agm is going to look the same as it always has done uh ostensibly like you're going to see sees candy booths and the geico geico stand uh and then brooks running shoes and dairy queen which is owned by berkshire but it will feel different uh in a way that no berkshire meeting has felt

in living memory, because for the first time since Warren Buffett bought a struggling New England textile mill way back in 1965, the man taking questions on stage will not be Warren Buffett.

He'll be in the building.

He'll be probably sitting in the audience or maybe in the wings.

But the CEO answering the shareholders is a guy, the new CEO, whose name is Greg Abel, a 63 year old Canadian accountant.

who most of the world has never heard of, or at least hadn't heard of five years ago.

And that transition that Buffett himself called the most telegraphed succession in corporate history finally arrived January 1st of this year.

And this is his kind of unveiling, like you can just hop on

youtube and see lots of interviews with him on cnbc which i did before this podcast um so the announcement of the new ceo greg came uh and it was vintage warren buffett at the close of 2025 2025 annual meeting after roughly five hours of questions

and his customary sermons on America and on integrity and on the dangers of too much debt, the 94-year-old legend that is Warren casually told the room he intended to recommend to the board that Greg Abel succeeded him as CEO at the year end.

And he hadn't told most of the directors in advance.

He hadn't even told Greg Abel beforehand.

Yes.

Can you imagine that for a bit of an update when you get home from work?