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S M T P E RS P ECT I V ES A N D P RO S P ECTS Over the years, I have cherished the lessons by Warren Buffett and Charlie Munger at the Berk- shire Hathaway annual shareholders meeting in Omaha, Nebraska. This year, I was among the more than 40,000 who attended the May 3 meeting. Millions more from around the world, including from the UK, Ger- many, Japan, China, Panama, and Guatemala, tuned in remotely and via CNBC's livestream. Last year had special meaning when Buffett took the stage alone. His longtime friend and trusted business partner, Charlie Munger, had passed away on Nov. 28, 2023, a few weeks shy of his 100th birthday. This year held another poignant moment: Dur- ing the closing remarks of the five-hour Q&A ses- sion, Buffett made a surprising announcement: He is stepping down as CEO in December, though he will remain on the board. During the meeting, Buffett responded to an array of questions, alternating between those sub- mitted by audience members (selected by lot- tery within each arena zone) and those chosen by CNBC from viewers around the globe. Warren Buffett's Perpetual Wisdom, Part 2 by D r. J ennie S. Hwang, H-Te chnolo gies Group Editor's note: This is the second of a two-part series on the Berkshire Hathaway annual shareholders meeting. 8 SMT007 MAGAZINE I AUGUST 2025