Berkshire Hathaway has first annual meeting since death of longtime vice chairman Charlie Munger

Warren Buffett's Berkshire Hathaway gathered for its first annual meeting in an Omaha arena on Saturday, bringing together shareholders for the first time since the death of longtime vice chairman and right-hand man Charlie Munger. 

Tens of thousands of shareholders filled the arena eager to vacuum up tidbits of wisdom from billionaire Buffett, who famously dubbed the meeting "Woodstock for Capitalists" and to pay tribute to Munger, who died at 99 in November. 

The meeting opened with a video tribute to Munger recounting his life and highlighting some of his best known quotes from the meetings over the years that drew applause, including classic lines like "If people weren't so often wrong, we wouldn't be so rich." The video also featured old interviews with Buffett and Munger talking about their epic friendship.