Investors look to Warren Buffett, Sage of Omaha, to smooth their ruffled feathers
New York — As the US adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway shareholders will descend on Omaha, Nebraska, this weekend seeking reassurance, from Warren Buffett. The weekend known as "Woodstock for Capitalists" is unique in corporate America, a celebration of the billionaire’s image and success at a conglomerate whose businesses range from Geico insurance to the BNSF railroad to See’s candies to Ginsu knives. The 86-year-old Buffett and 93-year-old vice-chairman Charlie Munger will answer five hours of questions at Saturday’s annual meeting. Many say it reinforces their views about investing and Berkshire, even if it remains unclear how much new they learn. "Watching someone like (Buffett) with strong command on details of the economy and Berkshire’s operations is very impressive," says Meyer Shields, a Keefe, Bruyette & Woods analyst who rates Berkshire "market perform". "But you’re not going to learn a lot about Berkshire Hatha...
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