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Thousands of fans line up outside for hours, there’s expensive merchandise and even a secret movie.

When 40,000 people descend on Omaha, Nebraska, Saturday, it might sound like a Taylor Swift concert or a Coachella-style festival.

Instead they will sit rapturously for five hours listening to a 93-year-old man answering questions on the economy  but not just any man: billionaire investor Warren Buffett.

Welcome to the Berkshire Hathaway annual shareholders meeting, dubbed “Woodstock for capitalism” and compared by attendees to going to church or seeing The Beatles live.

Inside the CHI Health Center Omaha, ordinary shareholders mingle with celebrities such as Arnold Schwarzenegger, Bill Murray and Glenn Close and the biggest names in business, including Bill Gates, JP Morgan CEO Jamie Dimon, and Apple’s Tim Cook.

The annual pilgrimage to Omaha is the most fanatical followers of Buffett, the chairman and CEO of Berkshire Hathaway, America’s 7th largest company, which owns companies including Geico, Dairy Queen, BNSF Railway and NetJets, and large stakes in Apple, American Express, Coca-Cola, Kraft Heinz and Chevron.

The cost of admission is as low as $396, a single Berkshire Hathaway class B share, but the wisdom dispensed by the man with a net worth of $132 billion is, say attendees, priceless.

Christopher Bloomstran has attended every year since 2000 except once, when his daughter was born two weeks before the meeting and calls it the highlight of each year.

“Ive met some of my best friends in the investment arena at the Berkshire,” said Bloomstran, who is chief investment officer of Semper Augustus Investments Group  in St. Louis, Missouri.

I go Wednesday and often stay until Monday.”

Adam Mead, who runs Mead Capital Management and has been going for 10 years said: I dont go to church but it’s like church: You know what the message will be, it’s the same stories, and you hear current events through the lens of timeless wisdom.

Bill Gates is out there as is Jamie Dimon he shook my hand and took a pic. One time Warren shook my hand. That was a memorable moment.”

The weekend begins Friday when Omahas Conference Center opens for conference-goers to pick up credentials for the festivities which include the meeting, a picnic and a 5K. (Buffett does not take part.)

But the event’s core is Saturday when Buffett and other Berkshire leaders address the crowd, many of whom arrive at 3am.

Chris Fried, an attorney from Pennsylvania, who will be attending for the 10th time always stays in walking distance of the conference center so he is in line by 3AM and prepared for the mad dash for the best seats once the doors open and shareholders flood in.

“By 4am – I would say the line is about 100 feet deep,” he said. By 7 am – it is down several blocks.

Fried said he stumbled on Berkshire when he first read Warren’s annual letter to shareholders 20 years ago.

“It read like beautiful poetry to me and I purchased my first B shares within the week. I haven’t looked back.

In the line he has met Buffett fans from as far afield as Australia, as well as Japan, China, Germany and the UK, many of whom have become friends.

“You never know who you’ll bump into,” Friend adds. “One year I sat next to two NFL players.”

Mead said: Ive made some of my really good friends out there just standing in line. Im staying in an Airbnb with some of them this year.

By 8:45AM attendees are ready for Buffetts annual film which opens the event and which is never seen outside the hall.

Only two still images have ever leaked. One, in 2015, was a pastiche of “Breaking Bad,” with Buffett appearing with Bryan Cranston, its star, to cook, not meth, but See’s Candy, one of the brands which has made Buffett rich. Another, in 2002, was Buffett playing the ukelele.

He has done skits with Arnold Schwarzenegger, Bryan Cranston, Manny Pacquiao, and Jamie Lee Curtis,” Mac Sykes, portfolio manager of the Gabelli Equity Trust, who has been attending for 15 years said. “They’re worth arriving early for.”

This year will be different in part because Charlie Munger, Berkshire’s vice chair and Buffett’s on-stage sidekick until he died at 99 last November, won’t be there for the first time.

Elie-Chakib Abou-Chacra, a portfolio manager from Canada who is attending for the second time, said the annual meeting is the equivalent of being a Beatles fan seeing McCartney perform onstage. 

I get to see my hero on stage if youre a fan of McCartney or an old rock guy you never know when it will be his last tour but you know you want to see them onstage before they go.

Off stage, the conference center features specialized merch from companies owned by Berkshire, including Squishmallow who sell a Warren Buffett version of their plush toy Brooks Sports, Fruit of the Loom, and Dairy Queen.

Buffett tours by golf cart, with people taking selfies as he passes. They also take photos with cutouts of him dotted around the floor.

Last year See’s Candies sold Buffett’s fans 11 tons of confectionery which included “Warren’s Favorite Chocolate Walnut Fudge.”

Stephen Tedder, an ophthalmologist from Atlanta, told The Post that he fell in love with Buffett’s wisdom after he stumbled on a Berkshire report during the 2008 financial crisis.

“You could see the authentic Midwest moral fiber of Warren and Charlie [Munger], their clarity of thought, written word and plain speak,” he told The Post.

This will be his third meeting, having started coming in 2022, because he made a growing number of good friends.

Women make up just 20% of attendees, sources told The Post.

April Samuelson, a tech worker from Chicago, has attended twice and each time had to explain why she was there solo.

The weird thing about attending as a woman is other investors tended to assume that I was a wife or girlfriend,” Samuelson said.

“I had to clarify that I had stock of my own. When asked why, I just went with I like money.’

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More than 1,200 confirmed dead and 800 missing in catastrophic Asia floods

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More than 1,200 confirmed dead and 800 missing in catastrophic Asia floods

Rescue and recovery and efforts are under way in parts of South and Southeast Asia where the number of those killed in devastating floods continues to rise.

Cyclones and extreme weather have killed at least 1,200 people in Sri Lanka, Indonesia and Thailand, according to authorities.

Rescuers are still searching for hundreds of missing people after a cyclone and other storms triggered flooding and landslides in the region.

In a post on X, the King and Queen Camilla said they were “deeply saddened” to hear about devastating storms and added their “heartfelt condolences” to the families of those who have died.

Landslides in Sarasavigama village near Kandy, Sri Lanka. Pic: AP
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Landslides in Sarasavigama village near Kandy, Sri Lanka. Pic: AP

A man wades through the flooded street, following heavy rainfall in Wellampitiya, Sri Lanka. Pic: Reuters
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A man wades through the flooded street, following heavy rainfall in Wellampitiya, Sri Lanka. Pic: Reuters

A man uses a makeshift raft at a flooded area, following Cyclone Ditwah in Kelaniya, Sri Lanka. Pic: Reuters
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A man uses a makeshift raft at a flooded area, following Cyclone Ditwah in Kelaniya, Sri Lanka. Pic: Reuters

Hundreds of thousands in shelters in Sri Lanka

Sri Lankan authorities said about 218,000 people were in temporary shelters after downpours that triggered landslides, primarily in the tea-growing central hill country.

People were seen salvaging belongings from flooded homes along the banks of the Kelani River, near the capital Colombo on Monday.

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Meanwhile, train and flight services have resumed after being disrupted last week, but schools stayed closed, officials said.

Cyclone Ditwah was the “largest and most challenging” natural disaster in Sri Lanka’s history, President Anura Kumara Dissanayake said.

A landslide survivor crosses a section of a damaged road in Sarasavigama village near Kandy, Sri Lanka. Pic: AP
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A landslide survivor crosses a section of a damaged road in Sarasavigama village near Kandy, Sri Lanka. Pic: AP

Landslide survivors salvage belongings at the site of a landslide in Sarasavigama village near Kandy, Sri Lanka. Pic: AP
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Landslide survivors salvage belongings at the site of a landslide in Sarasavigama village near Kandy, Sri Lanka. Pic: AP

A man uses his scarf to protect himself from the rain in the aftermath of Cyclone Ditwah, in Chennai, India. Pic: Reuters
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A man uses his scarf to protect himself from the rain in the aftermath of Cyclone Ditwah, in Chennai, India. Pic: Reuters

The cyclone also brought heavy rain to India’s southern state of Tamil Nadu over the weekend, with authorities saying three people were killed in rain-related incidents.

The storm, which as of 5pm UK time on Monday was about 20km (12 miles) off the coast of the state capital Chennai, has weakened into a “deep depression” and was expected to weaken further in the next few hours, weather officials said.

Amount of rainfall expected in South and Southeast Asia in the next 48 hours
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Amount of rainfall expected in South and Southeast Asia in the next 48 hours

Over a million affected in Indonesia

More than 28,000 homes have been damaged in Indonesia, with 1.4 million people affected by torrential rains following a tropical storm that formed in the Malacca Strait.

The country’s president, Prabowo Subianto, called it a catastrophe and pledged to rebuild infrastructure as he visited the three affected provinces on Monday, where nearly 300,000 people have been displaced by the flooding.

Rescuers search for flood victims in Tanah Datar, West Sumatra, Indonesia. Pic: AP
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Rescuers search for flood victims in Tanah Datar, West Sumatra, Indonesia. Pic: AP

A flooded field in Indonesia's West Sumatra province. Pic: Reuters
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A flooded field in Indonesia’s West Sumatra province. Pic: Reuters

Rescuers search for victims at a village affected by flash flooding, in Agam, West Sumatra, Indonesia. Pic: AP
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Rescuers search for victims at a village affected by flash flooding, in Agam, West Sumatra, Indonesia. Pic: AP

‘Nothing remains’

“The water just rose up into the house and we were afraid, so we fled. Then we came back on Friday, and the house was gone, destroyed,” said Afrianti, 41, who only goes by one name and lives in West Sumatra’s Padang city.

She and her family of nine have made their own tent shelter beside the single wall that remains of their home.

“My home and business are gone, the shop is gone. Nothing remains. I can only live near this one remaining wall,” she said.

Highest one-day rainfall in Thai city for 300 years

In Thailand, flooding in eight southern provinces affected about three million people and led to a major mobilisation of its military to evacuate critical patients from hospitals and reach people stuck in floodwaters for days.

In the worst-affected city of Hat Yai, a southern trading hub, 335mm (13 inches) of rain fell on 21 November, its highest single-day tally in 300 years, followed by days of unrelenting downpours.

More than three million people have been impacted by floods in Thailand
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More than three million people have been impacted by floods in Thailand

People move a car damaged by floods in Songkhla province, southern Thailand. Pic: AP
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People move a car damaged by floods in Songkhla province, southern Thailand. Pic: AP

King offers ‘heartfelt condolences’

King Charles and Queen Camilla responded to the crisis in a statement posted on X and praised the work of emergency responders: “We wish to express our heartfelt condolences to the families of those who have so tragically lost their lives.

“Our thoughts and prayers are with the many whose homes have been destroyed and to all who are awaiting news of loved ones missing.

“These disasters remind us of the increasingly urgent need to restore the balance and harmony of Nature.”

Thailand’s Prime Minister Anutin Charnivirakul expects residents to be able to return home within seven days, a government spokesperson said on Monday.

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The first batch of compensation payments was set to be distributed on Monday, starting with 239m baht (£5.6m) for 26,000 people, the spokesperson added.

In Malaysia there have been at least three deaths and authorities are still on alert for a second and third wave of flooding as 11,600 remain in evacuation centres.

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Maduro says Venezuela ready to defend itself as US considers potential land attack

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Maduro says Venezuela ready to defend itself as US considers potential land attack

Nicolas Maduro has said Venezuelans are ready to defend their country as the US considers a land attack.

The president held a rally in Caracas amid heightened tensions with Donald Trump’s administration, which has been targeting what it says are boats carrying drug smugglers.

Mr Trump met his national security team on Monday evening, having warned last week that land strikes would start “very soon”.

An image of an alleged drug boat being targeted by the US military. Pic: Truth Social
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An image of an alleged drug boat being targeted by the US military. Pic: Truth Social

It’s not been confirmed what was discussed at the meeting, but White House press secretary Karoline Leavitt told reporters: “There’s many options at the president’s disposal that are on the table – and I’ll let him speak on those.”

US forces have carried out at least 21 strikes on boats it claims were carrying narcotics to its shores over the last few months, and the White House has accused Mr Maduro of being involved in the drugs trade – a claim he denies.

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‘The president has a right to take them out’

‘Psychological terrorism’

Mr Maduro – widely considered a dictator by the West – said on Monday that Venezuelans are ready “to defend [the country] and lead it to the path of peace”.

More on Nicolas Maduro

“We have lived through 22 weeks of aggression that can only be described as psychological terrorism,” he said.

Venezuela has said the boat attacks, which have killed more than 80 people, amount to murder – and that Mr Trump’s true motivation is to oust Mr Maduro and access its oil.

Concerns have been raised over the legality of the US attacks, which the Pentagon has sought to justify by designating the gangs as foreign terror organisations.

Maduro was championed by supporters as he spoke on Monday. Pics: Reuters
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Maduro was championed by supporters as he spoke on Monday. Pics: Reuters

Controversy over US strikes

Tensions remain high over America’s large deployment in the Caribbean Sea and eastern Pacific, which includes its flagship aircraft carrier and thousands of troops.

The US has released videos of boats being blown up but has not provided evidence – such as photos of drugs – to support the smuggling claims.

Controversy also surrounds the first incident, on 2 September, in which 11 people were killed – with a follow-up strike targeting the boat after the first attack left two survivors in the water.

US media reported defence secretary Pete Hegseth gave an order that everyone on board should be killed.

However, there are concerns about the legality of the second strike if the survivors posed no threat.

Mr Hegseth dismissed the reporting as “fake news” and insisted all actions in the region are compliant with US and international law.

“Every trafficker we kill is affiliated with a Designated Terrorist Organization,” he said on X.

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Is US about to go to war with Venezuela?

Mr Trump said on Sunday he would not have wanted a second strike and that Mr Hegseth had denied giving such an order.

Ms Leavitt confirmed on Monday that the boat had been hit by a second strike – but denied Mr Hegseth gave the order for the follow-up.

Instead, she said he had authorised US navy vice admiral Frank Bradley to attack, and the admiral acted “well within his authority and the law, directing the engagement to ensure the boat was destroyed and the threat to the US was eliminated”.

Read more from Sky News:
Hong Kong fire: 13 arrested as death toll hits 151
More than 1,100 confirmed dead in Asia floods

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Trump: Maduro call neither ‘went well or badly’

As the US weighs its next steps, Mr Trump said on Sunday he had spoken to Mr Maduro by phone and that the conversation went neither “well or badly”.

In recent days, he also stated that Venezuela’s airspace should be considered closed – with the South American nation calling it a “colonial threat” and “illegal, and unjustified aggression”.

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PM issues China warning – and hits out at Brexit

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PM issues China warning - and hits out at Brexit

Sir Keir Starmer has warned China poses “real national security threats to the United Kingdom” – and hit out at Brexit.

During a speech at the Guildhall in London, the prime minister said “wild promises” made to the British people ahead of the referendum have been unfulfilled.

“How it was sold and delivered was simply wrong,” he added. “We are still dealing with the consequences today.”

The Guildhall event is a flagship foreign policy speech for any PM. Pic: Reuters
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The Guildhall event is a flagship foreign policy speech for any PM. Pic: Reuters

Sir Keir argued it would be “utterly reckless” to consider Brexit as a template for future foreign policy – and attacked politicians who have a “corrosive, inward-looking attitude”.

He singled out Kemi Badenoch and Nigel Farage, who have both called for the UK to leave the European Convention on Human Rights – and Zack Polanski, who wants to leave NATO.

Such attitudes “offer grievance rather than hope”, the PM said – accusing them of having “a declinist vision of a lesser Britain, not a Great Britain”.

Although Sir Keir opposed Brexit when in Opposition, he stressed that the vote to leave “was a fair, democratic expression, and I will always respect that”.

He told the Lady Mayor’s Banquet that Labour has made “a decisive move to face outward again and build our power, both hard and soft, which had been so damaged and neglected”.

The Lady Mayor's Banquet took place on Monday night. Pic: Reuters
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The Lady Mayor’s Banquet took place on Monday night. Pic: Reuters

‘Protecting our security is non-negotiable’

Elsewhere in the speech, the prime minister warned the UK needs a policy towards China that recognises the national security threat it poses.

He said: “For years we have blown hot and cold. We had the ‘Golden Age’, which then flipped to an ‘Ice Age’. We reject that binary choice.

“So our response will not be driven by fear, nor softened by illusion. It will be grounded in strength, clarity and sober realism.”

China has been a major issue in Westminster of late following accusations of spying in parliament, and controversy over the new “super embassy” that Beijing wants to build in central London.

Analysis: Not everyone will like what PM had to say


John Craig

Jon Craig

Chief political correspondent

@joncraig

The China hawks like Iain Duncan Smith, Tom Tugendhat and others on the Conservative benches – and indeed Reform – won’t like this one little bit.

A large part of this speech was devoted to China, and he did talk about the twin-track approach: being tough on national security, but at the same time talking to the Chinese.

He bemoaned the fact that a British prime minister hadn’t talked to the Chinese premier since Theresa May in February 2018.

This was probably the most wide-ranging, perhaps most significant foreign policy speech we’ve heard from Sir Keir Starmer.

It comes against the backdrop of all the political turmoil over the budget, but it was a serious speech. It will please those who want to see the UK taking a much more interventionist approach rather than isolationist.

His supporters will like what they’ve heard here – but not China hawks and Brexiteers.

However, Sir Keir defended plans to visit China in the new year – and said an absence of engagement with the world’s second-biggest economy would be “staggering” and a “dereliction of duty”.

He described it as “a nation of immense scale, ambition, and ingenuity” and a “defining force in technology, trade and global governance”.

‘Huge’ opportunities for businesses

Setting out his own approach, Sir Keir explained: “This is not a question of balancing economic and security considerations. We don’t trade off security in one area, for a bit more economic access somewhere else.

“Protecting our security is non-negotiable – our first duty. But by taking tough steps to keep us secure, we enable ourselves to cooperate in other areas.”

The PM added that he wants to give businesses “the confidence, clarity, and support” to win opportunities in China.

“In areas like financial and professional services, creative industries, pharmaceuticals, luxury goods and more – Great British success stories – the export opportunities are huge, and we will back you to seize them,” he said.

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PM preparing for likely China visit

‘Starmer continues to kowtow to China’

Sky News understands the prime minister is set to approve plans for a controversial Chinese “super embassy” in central London.

A final decision on the planning application for the former Royal Mint site near the Tower of London is due on 10 December after repeated delays.

Concerns were previously raised after Beijing’s planning application featured blacked-out areas.

Since he was elected last year, Sir Keir has been active on the world stage, trumpeting deals with the US, India, and the EU and leading the “coalition of the willing” in support of Ukraine.

But he has also faced criticism from his opponents, who accuse him of spending too much time out of the UK attending international summits rather than focusing on domestic issues.

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‘Many options’ on table for Venezuela

The Tories branded Starmer 'Beijing's useful idiot'. Pic: Reuters
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The Tories branded Starmer ‘Beijing’s useful idiot’. Pic: Reuters

Responding to the prime minister’s speech, shadow foreign secretary Dame Priti Patel said: “From China’s continued flouting of economic rules to transnational repression of Hong Kongers in Britain, Starmer’s ‘reset’ with Beijing is a naive one-way street, which puts Britain at risk while Beijing gets everything it wants.

“Starmer continues to kowtow to China and is captivated by half-baked promises of trade.

“Coming just days after the latest Chinese plot to interfere in our democracy was exposed, his love letter to the Chinese Communist Party is a desperate ploy to generate economic growth following his budget of lies and is completely ill-judged.

“While China poses a clear threat to Britain, China continues to back Iran and Russia, and plots to undermine our institutions. Keir Starmer has become Beijing’s useful idiot in Britain.”

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