Live: Warren Buffett's annual shareholder meeting

They call it 'Woodstock for Capitalists'—the annual meeting of the legendary investor Warren Buffett's conglomerate Berkshire Hathaway.

Some 40,000 people will descend on Omaha's convention center Saturday for an all-day discussion of everything Berkshire and Buffett's outlook on the world.

Early in the day, the Oracle of Omaha told CNBC that he had boosted his stake in IBM, just as the stock's performance has begun an upswing.

Follow our live blog below (app users, click hereto view in a browser):