Warren Buffett Retires as Berkshire Hathaway CEO

Warren Buffett has announced his retirement as CEO of Berkshire Hathaway after leading the company for 60 years, during which its value soared by 5.5 million percent. Greg Abel, currently overseeing the firm's non-insurance operations, will succeed Buffett and take on the responsibility of managing a $347.7 billion cash reserve. Buffett's disciplined, patient investment philosophy—focused on strong fundamentals, low debt, and long-term value—has been widely praised by business leaders and remains influential in investment strategy models. His leadership has been credited with far outpacing the broader market and shaping American capitalism. While some question if Abel can match Buffett's legendary performance, the transition marks the end of an era at Berkshire Hathaway. Buffett's principles of discipline, humility, and contrarian thinking are expected to continue guiding the company.