Buffett to Step Down

[shri]

Shaper at 96 than most of us at any age... And done more for his investors and the world in general than most of us can claim.

Mr. Buffett said at Berkshire’s annual shareholder meeting on Saturday that he plans to ask the company’s board to approve making Gregory Abel, his heir apparent, the chief executive by the end of the year.

Mr. Abel would have “the final word” when it comes to the company’s operations, how it invests and more, Mr. Buffett, 94, told the tens of thousands of Berkshire shareholders at the meeting in Omaha.

But Mr. Buffett added that he “would still hang around and conceivably be useful in a few cases.” He will remain chairman of Berkshire — turning that role over to his son Howard Buffett upon his death — and remains the company’s single biggest shareholder, with a roughly 14 percent stake that is worth about $164 billion.

https://www.nytimes.com/2025/05/03/b...-android-share

https://youtu.be/wMZLG5DrDe4?si=-wEhGb1PdxKpCX_5

[Elefant&Castle]

He has started to look more frail - but still sharp.

For comparison, Bill Gates has a net worth of 112 billion and Steve Ballmer 125 (Ballmer kept his Microsoft shares, Gates diversified...).

[PLamHK]

Berkshire Hathaway's share price has returned an average CAGR of 19.9% for over 60 years. That's hard to beat. He's been training and then talking up Greg Abel for years now, so I'm hoping that this, obviously not unexpected, news won't have too big an impact on Monday since I have a bunch of B shares.

[Elefant&Castle]

His unparalleled exposure to financial information, combined with his prodigious memory, made Buffett into a human form of artificial intelligence. He could answer almost any query out of his own internal database.

WSJ
https://archive.ph/IBzL1