During the opening session of the annual shareholder meeting, Berkshire Hathaway CEO Greg Abel presided over the retirement ceremony of Warren Buffett's commemorative jersey. The jersey, bearing the number "60," serves as a permanent tribute to the decades-long career of the "Oracle of Omaha" at the helm of the conglomerate. Jersey retirement is a tradition in the sports world, symbolizing the highest honor bestowed upon an athlete.

The jersey will be hoisted to the rafters of the venue, where it will hang alongside the commemorative jersey of Charlie Munger. Munger's jersey bears the number "45," representing the late investment titan's years of service to the company.

Abel stated, "I am honored to announce that these two jerseys will be permanently displayed here, preserved for generations to come."