This year, seated next to Buffett, is Ajit Jain, the head of Berkshire’s insurance businesses, and Greg Abel, who runs all non-insurance businesses. While they have excellent track records running their respective operations, they are business operators, not entertainers.

Buffett got his first question. He was asked about trimming Apple stock holdings and whether his views of Apple's business or its attractiveness as an investment have changed since Berkshire first invested in 2016.