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Buffett to answer Berkshire shareholder questions

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Posted: May 3, 2014 9:52 AM

Updated: May 3, 2014 9:53 AM

OMAHA, Neb. (AP) The Berkshire Hathaway shareholders meeting is part celebration and part education.

More than 30,000 people gathered Saturday to hear the company's top two executives, Warren Buffett and Charlie Munger, answer questions.

Meanwhile, some of the crowd will be buying Berkshire products such as See's Candy, Brooks running shoes and Fruit of the Loom underwear in an adjoining 200,000-square-foot exhibit hall.

Berkshire's purchase of half of ketchup-maker H.J. Heinz Co. is almost certain to be discussed because working with an outside investment group on the deal represents a new wrinkle in Buffett's investing style.

There might also be questions about why Berkshire failed to beat the stock market in four of the past five years.

But shareholder Jack Lewis, from Holt, Missouri, says he's happy with Berkshire's performance.

Topics: US-Berkshire-Hathaway-Shareholders

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