Warren Buffett shares the biggest gaffe at a Berkshire Hathaway shareholders meeting

Tens of thousands of people are descending upon Omaha, Nebraska, gearing up for Berkshire Hathaway’s annual shareholders meeting. Those attending the events this weekend (or viewing them online through Yahoo Finance’s live stream) are in for a big treat. Not only will they get advice from two of the greatest investing and business minds of all time, there’s a good chance they’ll hear a few surprising comments as well.

Each year, Berkshire Hathaway chairman and CEO Warren Buffett, along with vice chairman Charlie Munger, spend hours participating in an extensive question-and-answer session. The two leaders talk with the audience, addressing questions that neither Warren Buffett nor Charlie Munger have any prior knowledge of.

Of course, it’s nearly impossible for an event so big in size to go off without a hitch. When asked about any big gaffes from previous Berkshire Hathaway meetings, the Oracle of Omaha told Yahoo Finance editor-in-chief Andy Serwer that while there have been "some," the one that sticks out the most to him was a comment made by his right-hand man Charlie Munger.

“Charlie one time was asked about a certain professor and replied that he's demented and that professor was coming out with a group of students to meet with me about something else a few weeks later,” Buffett laughed. “Charlie would not consider them gaffes, but I think put to a vote, he'd probably lose.”

On April 30, Yahoo Finance will live stream the Berkshire Hathaway Annual Shareholders Meeting exclusively. You can find out more information here.