If everyone will please take their seats.

Once a year, the financial world turns its collective attention to Omaha, Nebraska.

That's where Warren Buffett, the longtime CEO of Berkshire Hathaway, lives, and where he holds

the company's annual shareholder meeting.

Thousands of people flock to the city in Nebraska from all over the country, but also

all over the world.

Our colleague Karen Langley covers Berkshire Hathaway.

She spent her weekend among the crowd gathered at Omaha's Convention Center.

Many, if not most of them, are shareholders of the company, but also people who are just

really fascinated by Warren Buffett, who are interested in hearing what he has to say.

You could see very long lines the day beforehand for people picking up their meeting credentials,

the morning of the annual meeting well before the sun came up.

It's very noticeable in Omaha that Berkshire Hathaway is having its meeting.

It sounds kind of like Coachella for finance nerds, except like fewer crop tops.

Buffett has famously called it a woodstock of capitalism.

Fair, okay.

People talk about, yeah, that kind of comparison.

A festival-like atmosphere, there's certainly parties and events surrounding it.

This year was Buffett's 60th shareholder meeting, and he marked the occasion with a mic drop.

But I think it's, the time has arrived where Greg should become the chief executive officer

of the company at year end.

This was Buffett's last annual meeting as CEO,

...