Warren Buffett to pass baton to Greg Abel Shareholders of Berkshire Hathaway are contemplating the future of the conglomerate following Warren Buffett‘s unexpected announcement of stepping down as chief executive by year end. While most acknowledging that the company will remain stable under Vice Chairman Greg Abel’s leadership who Buffett endorsed to be his successor,…
Warren Buffett, the chief executive of Berkshire Hathaway, said he would step down from that position by the end of the year. Mr. Buffett, 94, transformed Berkshire Hathaway, once a textile company, into a powerful business investor, making billions along the way. Here’s a look back at some of the defining moments in his life….
Warren E. Buffett’s approach to investing is deceptively simple. “Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices,” he once wrote to shareholders of Berkshire Hathaway, his business conglomerate. This method — known as value investing — had existed long before Mr. Buffett, now 94, began…
Investors had speculated in recent years that Warren E. Buffett might eventually retire. But the 94-year-old billionaire still surprised many on Saturday, when he announced that he planned to step down as chief executive of Berkshire Hathaway after nearly six decades. Less surprising is who he said he intended to succeed him as the leader…
“I think the time has arrived where Greg should become the Chief Executive office of the company at year end,” Buffett said. Warren Buffett, the world’s most famous investor, has revealed his decision to step down as Berkshire Hathaway‘s CEO by year-end, appointing Greg Abel, a 62-year-old low-key Canadian executive and one of his trusted…
Warren E. Buffett took a shot at President Trump’s efforts to use tariffs to batter global commerce on Saturday, as his $1.1 trillion conglomerate, Berkshire Hathaway, braced for potential hits from American trade policies. “Trade should not be a weapon,” Mr. Buffett said at Berkshire’s annual shareholder meeting, a perennially popular event that has been…
Of the top 15 richest people in the world, Warren Buffet is the only one to have seen an increase in his net worth Amidst the ongoing global market turmoil in 2025, one billionaire who stands out in the top 15 richest persons in the world is Warren Buffett. At a time when investors around…
Is Warren Buffett about to make his next big move? (Photo-AP) When Warren Buffett made the bold move of slashing his Apple shares and hoarding cash, the financial world buzzed. Social media exploded with memes and mixed opinions. Some hailed him as a genius, while others questioned his timing. Fast forward to today, and the…
Warren Buffett (File Photo- AP) Billionaire investor Warren Buffett has reassured shareholders regarding Berkshire Hathaway’s substantial cash reserves, signaling that the funds will be strategically deployed to fuel future growth. Addressing concerns about the company’s massive $321.4 billion cash pile, Buffett, in his annual letter to shareholders, dismissed speculations that it signals an impending economic…
Warren E. Buffett, the famed investor known for his enthusiasm for undervalued stocks and businesses, is feeling bullish these days about a traditionally staid investment: Treasury bills. The cash stockpile held by Berkshire Hathaway, his sprawling multinational conglomerate, rose past $334 billion at the end of last year, including $286 billion in short-term Treasuries. The…