Berkshire Hathaway annual shareholder meeting 2025: Ace investor Warren Buffett presided over his 60th Berkshire Hathaway shareholder meeting on Saturday, May 3, and spoke on a range of topics, including trade policies and investment opportunities for the multinational conglomerate. Buffett was joined on stage by Berkshire’s top executives, Greg Abel and Ajit Jain.

The chairman and CEO of Berkshire Hathaway, also known as the ‘Oracle of Omaha,’ made the comments after the conglomerate posted a lower operating profit in the first quarter, dented by insurance losses from wildfires and foreign currency changes. Meanwhile, its cash stake grew to a record $347.7 billion.

Operating profit for the Omaha, Nebraska-based conglomerate dropped 14 per cent to $9.64 billion, or about $6,703 per Class A share, from $11.22 billion a year earlier. Net income was down 64 per cent to $4.6 billion, or $3,200 per Class A share, from $12.7 billion, reflecting unrealised losses on common stock holdings, including Apple. Let’s catch Buffett’s top 10 quotes from the annual meeting.

Warren Buffett’s top 10 quotes from Berkshire Hathaway’s annual meeting:

1.‘’Apple CEO Tim Cook made more money for Berkshire Hathaway than I ever did’’

-Buffett initially took a lighthearted tone as he thanked Apple CEO Tim Cook. He said that following Apple’s latest earnings release, he tuned into Cook’s call on Thursday afternoon, the “only investment quarterly call” that he listened to. “I’m somewhat embarrassed to say that Tim Cook has made Berkshire a lot more money than I’ve ever made Berkshire Hathaway,” Buffett joked. “Credit should be given to him.” 

2.’Trade should not be a weapon”

-Buffett criticised the idea of tariffs and trade protectionism, saying that “trade should not be a weapon. In the US, we should be looking to trade with the rest of the world. We should do what we do best, and they should do what they do best,” Buffett said. US President Donald Trump was not directly referenced during this discussion.