Watch the 2026 Berkshire Hathaway annual shareholders meeting — 5/2/2026

Watch on YouTube ↗  |  May 02, 2026 at 18:48  |  5:18:45  |  CNBC
Speakers
John Rogers — Co-CEO, Ariel Investments
Vicki Hollub — CEO, Occidental Petroleum
Bobby Kotick — CEO, Activision Blizzard
Greg Abel — CEO, Berkshire Hathaway
Warren Buffett — Chairman of Berkshire Hathaway, former CEO

Summary

The 2026 Berkshire Hathaway annual meeting marks Greg Abel's debut as CEO, with Warren Buffett in the audience. Abel provides deep dives into operating businesses, technology transformation, and energy opportunities, while guests offer specific stock ideas. The meeting covers Berkshire's record cash pile, insurance market dynamics, and geopolitical impacts on portfolio companies.

  • Greg Abel presents a detailed business update, highlighting technology and AI initiatives across Berkshire subsidiaries.
  • Warren Buffett praises the Apple investment and comments on market gambling behavior.
  • John Rogers recommends cheap leisure stocks Norwegian Cruise Lines and Madison Square Garden Entertainment.
  • Vicki Hollub of Occidental Petroleum predicts oil shortages and a strong upside for OXY shares.
  • Bobby Kotick argues Berkshire shares have valuation upside due to cheap operating businesses.
  • Abel discusses the soft insurance market and the strategic Tokyo Marine partnership.
  • Energy data center demand is already at 8% of peak load, with 50% growth expected over five years.
Ideas
John Rogers Co-CEO, Ariel Investments 16:11
MSG benefits from Knicks catalyst
Madison Square Garden Entertainment is a cheap leisure stock that will benefit from the Knicks run to the World Championship, making it an attractive investment with a specific catalyst.
MSGE MED
John Rogers Co-CEO, Ariel Investments 16:11
Norwegian Cruise Lines is cheap
Norwegian Cruise Lines is a leisure-oriented stock that is really cheap, and as a long-term shareholder, I believe the broader leisure sector has value, with Norwegian being one of the cheap names.
NCLH MED
Vicki Hollub CEO, Occidental Petroleum 180:57
Occidental benefits from oil shortage
Oil supply shortages will emerge by mid-2026 due to underinvestment and strategic reserve releases, driving prices higher. Occidental Petroleum has a low breakeven under $40, a massive resource base, and will generate significant free cash flow after debt reduction, leading to a tremendous stock price increase over the next three to five years.
OXY HIGH
Bobby Kotick CEO, Activision Blizzard 194:13
Berkshire operating businesses undervalued
Berkshire Hathaway's operating businesses trade at roughly 10 times earnings, well below the S&P 500's historic average of 17 times, and its equity portfolio is also cheap relative to the mean. This valuation gap implies significant upside in Berkshire shares.
BRK.B MED
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This CNBC video, published May 02, 2026, features John Rogers, Vicki Hollub, Bobby Kotick discussing MSGE, NCLH, OXY, BRK.B. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: John Rogers, Vicki Hollub, Bobby Kotick  · Tickers: MSGE, NCLH, OXY, BRK.B