Berkshire’s shareholders are part of the company’s culture, which adds to its value. In my new book, “The Warren Buffett Shareholder: Stories from Inside the Berkshire Hathaway Annual Meeting,” 43 distinguished meeting veterans tell short stories of their experiences. I explain that the Warren Buffett shareholder is “interested yet patient, skeptical yet faithful, and serious yet fun.” Culling the experience of this seasoned group, who’ve collectively attended the meeting 750 times, I add:
Berkshire’s family of subsidiaries is often likened to an art collection, with Buffett the curator. It’s not a stretch to portray Berkshire shareholders, at the meeting, as the visitors, patrons, and, yes, lovers of the curation, as well as the guides, docents and tutors for newcomers and recurring visitors alike.