Vincent Boland: Once a world-beater, Warren Buffett has become a chronic underachiever

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The Oracle of Omaha has been a once-in-a-generation investor but as his time at the helm nears its end shareholders are asking what comes next

Berkshire Hathaway Chairman Warren Buffett arrives to the annual shareholders’ meeting in Omaha. Picture: Reuters

The annual shareholder meeting of Berkshire Hathaway is one of the most watched and talked about events in the financial calendar.

Part of the attraction is seeing the fabled investor Warren Buffett in his natural habitat – Omaha, Nebraska. The meeting is a mix of financial therapy, religious revival session and made-in-America boosterism. Forty thousand people go every year.

The genius of Buffett and Charlie Munger, who have run the $1 trillion investment company for …