Warren Buffett says Berkshire's annual meeting will be held without shareholders in attendance

Warren Buffett announced earlier today that Berkshire Hathaway’s annual shareholder’s meeting will not be held with shareholders present.

He said the May 2 meeting will be streamed online by Yahoo Finance.

"I very much regret this action; for many decades the annual meeting has been a high point of the year for me and my partner,," Buffett said in a letter to shareholders. "It is now clear, however, that large gatherings can pose a health threat to the participants and the greater community." At the meetings, Buffett and Munger, Berkshire's 96-year-old vice chairman, field questions from shareholders for more than six hours.

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