US EditionBuffett says Berkshire has the best odds of any company for lasting a century as he hands over reins
Buffett praised Abel's leadership and Berkshire's strong cash reserves, predicting the company will thrive for the next 100 years under new management.
- On Thursday, Warren Buffett, Berkshire Hathaway CEO until Thursday, relinquished the role to Greg Abel, and Buffett told Becky Quick, `It has a better chance I think of being here 100 years from now than any company I can think of`.
- The company’s structure and cash hoard underpin Buffett’s confidence as Berkshire Hathaway, a trillion-dollar conglomerate, holds over $300 billion in cash and favors pricing-power firms to sustain earnings.
- Buffett offered a pointed endorsement of Abel, saying `Greg will be the decider` and describing him as `He's not a distorted individual` who enjoys playing ice hockey with his kids.
- The transition immediately reshapes governance and public presence as Warren Buffett will remain chairman but take a quieter role, skipping this year’s annual shareholder meeting while Greg Abel leads nearly 400,000 Berkshire Hathaway employees.
- Looking beyond the handover, Warren Buffett said, `The best investment, by far, is anything that develops yourself,` ranking human capital above ticker symbols for investors and shareholders.
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17 Articles
Berkshire has best chance of lasting 100 years, says Warren Buffett as Greg Abel takes charge
Warren Buffett has officially stepped down as CEO of Berkshire Hathaway. Greg Abel now leads the conglomerate. Buffett expressed strong confidence in Abel and Berkshire's enduring legacy. The company's shares saw a slight dip following the announcement. This marks a significant transition for the investment giant after Buffett's six-decade leadership.
With Warren Buffett No Longer CEO at Berkshire Hathaway, Greg Abel Will Likely Call the Shots on the Conglomerate's Biggest Investment Decisions
Key PointsBerkshire appointed Greg Abel CEO effective Jan. 1, 2026.The conglomerate's massive cash reserves raise the stakes for investment decisions at the company.Watch for the first truly large deployment of capital, plus any share buybacks, as the quickest tells for how Berkshire's post-Buffett era will feel.10 stocks we like better than Berkshire Hathaway › Famed investor Warren Buffett spent six decades turning Berkshire Hathaway (NYSE: BR…
Warren Buffett says 'I'd rather have Greg Abel handling my money' as Berkshire Hathaway begins new era
Berkshire Hathaway, under new CEO Greg Abel, faces challenges after Warren Buffett's departure. Analysts note Buffett's groundwork for a smooth transition, though uncertainty remains about sustaining the company's legacy.
3 Long-Term Investing Strategies to Really Internalize From the Greatest Investor of All Time
There are few moments in history when investors can sit back and reflect on the passing of the torch from one incredible world-class investor to others. With Berkshire Hathaway’s (NYSE:BRK-B) CEO Warren Buffett set to step down from his tenure as the leader of one of the most incredible compounding vehicles in modern history, investors looking to glean as much as they can from the wisdom Buffett has tried to pass down over the years have plenty …
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