By William Watts
“Woodstock for Capitalists” is back.
After two years of virtual get-togethers due to the COVID-19 pandemic, Berkshire Hathaway Inc. /zigman2/quotes/208872451/composite BRK.A -0.19% /zigman2/quotes/200060694/composite BRK.B -0.33% , the conglomerate ran by legendary investor Warren Buffett, said Tuesday that it plans to hold an in-person annual meeting on April 30.
Berkshire’s annual meetings have long served as a festival of sorts for Berkshire investors and Buffett followers, with thousands of shareholders flooding Omaha for the gathering and a host of accompanying events. The annual meetings themselves, which have been livestreamed for the last several years, are typically marathon events as Buffett and Berkshire Vice Chairman Charlie Munger field questions.
The hoopla was absent in 2020 and 2021, however, with the meetings held virtually due to the pandemic.
In a news release, Berkshire said additional information about the meeting will be included in Berkshire’s annual report, which is scheduled to be posted on the internet on the morning of Feb. 26.
Berkshire A shares are up around 1% in January as the broader stock market has tumbled, while B shares were up 1.3%. Over the last 12 months, both classes of shares have risen by more than 29% versus a 12.3% rise for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.81% .