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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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Technology

CNBC Daily Open: A rough and historically atypical November for U.S. stocks

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CNBC Daily Open: A rough and historically atypical November for U.S. stocks

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 26, 2025.

Brendan McDermid | Reuters

The U.S. stock market was closed Thursday stateside for Thanksgiving Day and will reopen on Friday until 1 p.m. ET.

With approximately just 3 hours of trading left for the month, major U.S. indexes are looking to end November in the red, based on CNBC calculations.

As of Wednesday’s close, the S&P 500 was down 0.4% month to date, the Dow Jones Industrial Average 0.29% lower during the same period and the Nasdaq Composite retreating 2.15%, vastly underperforming its siblings as technology stocks stumbled in November.

Unless there’s a huge jump in stocks during the shortened trading session on Friday stateside — which might not be an unequivocally positive move since it would raise more questions about the market’s sustainability — that means the indexes are on track to snap their winning streaks. The S&P 500 and Dow Jones Industrial Average have risen in the past six months, and the Nasdaq Composite seven.

It will also mark a divergence from the historical norm. The S&P 500 has advanced an average of 1.8% in November since 1950, according to the Stock Trader’s Almanac. And in the year following a U.S. presidential election, it typically rises 1.6%.

But it’s not been a typical post-presidential election year. It’s hard to see the market, in the coming months, or even years, moving according to any historical trajectory.

What you need to know today

U.S. futures are mostly flat Thursday night. The stock market was closed during the day for the Thanksgiving break in the U.S. Europe’s Stoxx 600 inched up 0.14%, rebounding from earlier losses.

Alibaba’s AI glasses go on sale. The Quark AI Glasses come in two variants that cost 1,899 Chinese yuan ($268) and 3,799 yuan, less than Meta’s $799 Meta Ray-Ban Display glasses, signaling Alibaba’s competitive entry into the consumer AI market.

Apple files a case against India’s antitrust body. The Competition Commission of India is investigating complaints about Apple’s in-app purchase policies, and could fine the company based on its global turnover — which means a potential $38 billion penalty.

Russia is ready for ‘serious’ discussions for peace. The U.S.-led framework “can be the basis for future agreements,” Russian President Vladimir Putin said Thursday, as translated by Reuters. He added that the U.S. seemed to take Moscow’s position “into account.”

[PRO] Bank of America doesn’t see much upside for 2026. The S&P 500 should rise by a single-digit percentage point, a slowdown from recent years because one supporting factor will be shrinking, said a strategist from the bank.

And finally…

An operator works at the data centre of French company OVHcloud in Roubaix, northern France on April 3, 2025.

Sameer Al-doumy | Afp | Getty Images

Europe’s slow and steady approach to AI could be its edge

It’s unlikely that Europe will lead in building facilities for AI hyperscalers or for the training of AI — that race is considered all but won — but the general consensus is that it could excel in smaller, cloud-focused and connectivity-style facilities.

Europe has “a lot of constraints, but, actually, the more difficult something is to replicate, the more long-term value what you’ve got has,” said Seb Dooley, senior fund manager at Principal Asset Management.

— Tasmin Lockwood

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Sports

Drinkwitz agrees to new 6-year deal with Missouri

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Drinkwitz agrees to new 6-year deal with Missouri

Missouri has agreed to a new six-year contract with coach Eliah Drinkwitz with an average annual compensation of $10.75 million, the school announced Thursday.

Drinkwitz indicated the deal was imminent on social media Thursday morning, thanking the school president, Mun Choi, board of curators, athletic director Laird Veatch, the boosters and fans. “Why stop now!!” he tweeted.

“My family and I believe deeply in the vision and leadership from our administration and are incredibly happy to continue calling Columbia our home,” Drinkwitz said in a statement. “I’m grateful for the unwavering support of President Mun Choi, the Board of Curators, led by Chair Todd Graves and incoming Vice Chair Bob Blitz, along with our athletics director Laird Veatch. We’re also incredibly thankful for the support of our generous donors and NIL partners. I’m committed to continuing our work to build Mizzou into a championship program.”

The move is an aggressive one by Missouri to keep Drinkwitz near the top of the country’s highest-paid coaches, as his base salary will increase to $10.25 million in 2026, which is up from $9 million in 2025.

Drinkwitz received interest from several of the top jobs on the carousel, and the move by the school to agree to a new deal with him is reflective of the trend seen at places like Indiana, SMU and Nebraska in an effort to keep their coaches.

Drinkwitz led Missouri to back-to-back double-digit win seasons in 2023 and 2024, and the program has qualified for its sixth straight bowl game. The Tigers rose to as high as No. 8 in the Associated Press poll in 2023 and No. 6 in 2024. This year, Missouri climbed to No. 14.

During his tenure, Missouri has wins over Ohio State, Iowa, Oklahoma, Tennessee, Florida and LSU. He is 45-28 in six seasons.

Missouri is 7-4, with all four losses coming to teams ranked in the Top 10 at the time.

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Entertainment

Sally Rooney tells court new books may not be published in UK due to Palestine Action ban

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Sally Rooney tells court new books may not be published in UK due to Palestine Action ban

Irish author Sally Rooney has told the High Court she may not be able to publish new books in the UK, and may have to withdraw previous titles from sale, because of the ban on Palestine Action.

The group’s co-founder Huda Ammori is taking legal action against the Home Office over the decision to proscribe Palestine Action under anti-terror laws in July.

The ban made being a member of, or supporting, Palestine Action a criminal offence punishable by up to 14 years in prison.

Rooney was in August warned that she risked committing a terrorist offence after saying she would donate earnings from her books, and the TV adaptations of Normal People and Conversations With Friends, to support Palestine Action.

In a witness statement made public on Thursday, Rooney said the producer of the BBC dramas said they had been advised that they could not send money to her agent if the funds could be used to fund the group, as that would be a crime under anti-terror laws.

Rooney added that it was “unclear” whether any UK company can pay her, stating that if she is prevented from profiting from her work, her income would be “enormously restricted”.

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Why was Palestine Action proscribed?

She added: “If I were to write another screenplay, television show or similar creative work, I would not be able to have it produced or distributed by a company based in England and Wales without, expressly or tacitly, accepting that I would not be paid.”

Rooney described how the publication of her books is based on royalties on sales, and that non-payment of royalties would mean she can terminate her contract.

“If, therefore, Faber and Faber Limited are legally prohibited from paying me the royalties I am owed, my existing works may have to be withdrawn from sale and would therefore no longer be available to readers in the UK,” Rooney added, saying this would be “a truly extreme incursion by the state into the realm of artistic expression”.

Rooney added that it is “almost certain” that she cannot publish or produce new work in the UK while the Palestine Action ban remains in force.

She said: “If Palestine Action is still proscribed by the time my next book is due for publication, then that book will be available to readers all over the world and in dozens of languages, but will be unavailable to readers in the United Kingdom simply because no one will be permitted to publish it, unless I am content to give it away for free.”

Sir James Eadie KC, barrister for the Home Office, said in a written submission that the ban’s aim is “stifling organisations concerned in terrorism and for members of the public to face criminal liability for joining or supporting such organisations”.

“That serves to ensure proscribed organisations are deprived of the oxygen of publicity as well as both vocal and financial support,” he continued.

The High Court hearing is due to conclude on 2 December, with a decision expected in writing at a later date.

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