Buffett Watch

Warren Buffett and Charlie Munger Won't Hold News Conference at Shareholders Meeting

Warren Buffett attracts a big crowd as he tours the exhibition hall at the Berkshire Hathaway annual shareholders meeting in Omaha, April 30, 2011

Warren Buffett and Charlie Munger won't be holding their regular news conference at Berkshire Hathaway's shareholders meeting this coming May in Omaha.

In past years, Buffett and Munger answered questions from reporters for several hours on Sunday afternoon.

The main event of the weekend is held Saturday, when Buffett and Munger answer questions for more than six hours in front of 30,000-plus shareholders gathered in the city's arena.

In the past few years, a trio of journalists, including our own Becky Quick, have also asked questions at that event. This year, questions will also be coming from a panel of three analysts who cover the company.

Presumably, Buffett would like to spend more time with his fans instead of answering even more questions.

Sunday has traditionally been a big shopping day, with thousands of shareholders taking advantage of discounts at Berkshire's Borsheim's jewelry store and Nebraska Furniture Mart.

In his annual letter, Buffett said he will be behind the sales counter at Borsheims Sunday afternoon, "desperate to beat my sales figure from last year."

Buffett will also be playing bridge in the afternoon and eating at two of his favorite Omaha restaurants that night. Gorat's and Piccolo's will be open that day exclusively for shareholders.

In his letter, Buffett joked that "actuarial tables tell me that I can consume another 12 million calories before my death. I'm terrified at the thought of leaving any of these behind, so will be frontloading on Sunday."

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