Buffett Retires as Berkshire Hathaway CEO, Stays Chairman

Warren Buffett has announced his retirement as CEO of Berkshire Hathaway after six decades but will remain involved as Chairman, continuing to provide investment insights. During his tenure, Berkshire Hathaway achieved cumulative returns exceeding 6,100,000% since 1965, with an annualized average return of 19.9%, far surpassing the S&P 500. In recent years, Buffett shifted the company’s investment portfolio away from banks, notably reducing stakes in Bank of America and Capital One, while maintaining a significant position in Apple. Renowned for his modest lifestyle and philanthropy, Buffett has pledged over 99% of his fortune to charity, including through The Giving Pledge. He continues to advise ordinary investors to favor broad-based, low-fee index funds over high-fee financial products. The end of his CEO tenure marks a historic transition for Berkshire Hathaway, though Buffett’s influence is expected to persist.