Buffett retakes the stage as Berkshire prepares to pass the baton [Video]

Warren Buffett takes center stage in Omaha for Berkshire Hathaway’s annual shareholder meeting on Saturday, as investors size up his expected successor and get a better sense of how the conglomerate plans to grow and deploy cash.

The meeting is Buffett’s 60th since he took over Berkshire in 1965. He has largely stopped appearing publicly to discuss the company, though he assured investors last November that he felt good but knew he was “playing in extra innings.”

At a downtown arena, Buffett, 93, and Vice Chairman Greg Abel, 61, will answer about five hours of questions. Vice Chairman Ajit Jain, 72, will also join. Abel was designated Buffett’s successor as chief executive in 2021.

Investors are focused on how the conglomerate will evolve as it faces challenges including how best to grow without overpaying for acquisitions, whether to pay a dividend, and how to deploy $167.6 billion of cash.

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