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Warren Buffett devotees say farewell at poignant Omaha ‘pilgrimage’

Warren Buffett devotees say farewell at poignant Omaha ‘pilgrimage’

Many had feared this moment was coming. The man himself delivered the news in his usual casual manner, slipping it in during the final five minutes after taking questions for nearly four hours.

Warren Buffett’s anointed successor, Greg Abel, was said to be surprised by the 94-year-old’s announcement that he would be stepping down. AP

Matt McAllister knows the drill. He has travelled from his home in Fairhope, Alabama to attend Berkshire Hathaway’s annual shareholder meetings in Omaha, Nebraska since the financial crisis.

He queues with friends outside the colossal convention centre at about 2am local time (5pm AEST) to snag a prime spot to hear Warren Buffett’s guidance up close.

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Original URL: https://www.afr.com/world/north-america/warren-buffett-devotees-say-farewell-at-poignant-omaha-pilgrimage-20250504-p5lwfb