By Associated Press
Wednesday, April 29, 2009
OMAHA, Neb. — Billionaires Warren Buffett and Charlie Munger will spend most of Saturday dispensing sage advice on finance, the recession and life at Berkshire Hathaway’s annual meeting, and roughly 35,000 people are expected to pack an arena and overflow rooms at a nearby hotel to listen.
Berkshire’s chairman and vice chairman spend more than five hours answering any and all questions at the holding company’s shareholder meeting, which Buffett likes to call the "Capitalists’ Woodstock." They’re almost certain to be asked about the state of the economy, Berkshire’s disappointing performance last year and Buffett’s successors.
Andy Kilpatrick, the stockbroker-author of "Of Permanent Value, the Story of Warren Buffett," said he thinks many people want Buffett to reassure them about the economy.
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