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Berkshire Hathaway's annual gathering — Buffett's "Woodstock for capitalists" — is ready to return nearly in individual after two years

Warren Buffett at the Berkshire Hathaway Annual Meeting in Los Angeles, California. May 1, 2021.

Gerhard Mueller | CNBC

Berkshire Hathaway said Tuesday that its April 30 annual shareholder meeting will be held in person after two years of holding virtual meetings due to Covid-19 restrictions.

The so-called “Woodstock for Capitalists” has attracted tens of thousands of participants for years and will be webcast as usual this year. The event offers investors a rare opportunity to hear from legendary investor Warren Buffett, who typically participates in a marathon Q&A for several hours.

Last year's meeting took place without attendees in Los Angeles, where 98-year-old Berkshire Vice Chairman Charlie Munger lives, marking the first time the event was held outside of Omaha, Nebraska.

In 2020, at the height of the pandemic, Buffett, now 91, chaired the annual meeting in an empty arena in Omaha, Nebraska, in the absence of his usual pal Munger.

Berkshire's other vice chairs, Ajit Jain and Greg Abel, are expected to be on hand later this year to answer questions. Abel, vice chairman of nonsurance operations, was a top contender for Buffett's eventual successor.

Berkshire's fourth-quarter results and 2021 annual report will be released on Feb. 26, the company said.

Last quarter, Berkshire saw another double-digit increase in its operating profit thanks to a steady recovery at its railroad, utility, and energy companies from the pandemic. The company's cash pile hit a record high as Buffett continued to sit on the sidelines.

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