The first Berkshire Hathaway annual meeting without Warren Buffett is set to be held without him, a significant test for investor confidence in Greg Abel, his successor as CEO. The gathering in Omaha, which will take place on May 2, will mark a significant shift in the company's leadership and focus on the allocation of capital and strategy. Investors are likely to focus on share repurchases after Berkshire resumed its repurchase in March for the first time since 2024, with the stock trading at an 8% discount to its intrinsic value since then. The change in leadership may change the tone of the meeting, with fewer philosophical questions expected to be asked.