Warren Buffett draws thousands, but Charlie Munger will be missed

OMAHA, Neb. (AP) — Tens of thousands of investors once again descended on an Omaha, Nebraska, arena Saturday to vacuum up tidbits of wisdom from billionaire Warren Buffett. But a key ingredient will be missing from his annual Berkshire Hathaway shareholders’ meeting: It’s the first since Vice Chairman Charlie Munger died.

“He was the sriracha sauce in the Berkshire Hathaway meeting,” said investor Bill Smead, a regular at the event for 14 years. “He gave it a lot of flavor.”

For decades, Munger shared the stage with Buffett every year for the marathon question and answer session that is the event’s centerpiece. Munger routinely let Buffett take the lead with expansive responses that went on for several minutes. Then Munger himself would cut directly to the point. He is remembered for calling cryptocurrencies stupid, telling people to “marry the best person that will have you” and comparing many unproven internet businesses in 2000 to “turds.”

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