Berkshire Hathaway’s annual shareholder meeting is famously nicknamed what, referring to its huge crowds?

Berkshire Hathaway’s annual shareholder meeting is famously nicknamed “Woodstock for Capitalists.” The phrase reflects the unusually large and celebratory gathering held each year in Omaha, Nebraska, where shareholders meet company leaders and attend related events.

The nickname was popularized during the leadership of Warren Buffett and Charlie Munger. Berkshire’s meeting became far larger and more distinctive than a typical corporate annual meeting, attracting tens of thousands of shareholders, investors, journalists, and visitors from around the world.

The comparison to Woodstock refers to the 1969 music festival’s huge attendance and cultural significance, not to a musical performance at Berkshire’s meeting. Berkshire’s event combines formal shareholder voting with question-and-answer sessions, business exhibits, shopping, and social activities.

Berkshire Hathaway is an investment company whose major holdings and subsidiaries have included GEICO, BNSF Railway, and numerous consumer and industrial businesses. Its market value and Buffett’s investing reputation helped turn the meeting into a major finance event.