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New Delhi [India], December 31:
Legendary investor Warren Buffett, popularly known as the “Oracle of Omaha,” has stepped down as Chief Executive Officer of Berkshire Hathaway, marking the end of a historic leadership era.
Buffett, who turns 95 this year, led the company for nearly 60 years. During this period, he transformed Berkshire Hathaway from a struggling textile firm into a global conglomerate valued at over USD 1 trillion.
A Remarkable Transformation
Buffett took control of Berkshire Hathaway in 1965. Initially, he tried to revive its textile operations. However, he soon redirected capital into insurance, utilities, railroads, consumer brands, and equities. As a result, shareholders witnessed exceptional long-term returns.
Over the years, Berkshire acquired major stakes in companies such as Apple, Coca-Cola, American Express, and Bank of America. In addition, it built wholly owned businesses including BNSF Railway, GEICO, and Berkshire Hathaway Energy.
Leadership Transition Announced
Meanwhile, Berkshire Hathaway confirmed that Greg Abel, Vice Chairman overseeing non-insurance operations, will assume the role of CEO on January 1, 2026. Abel has worked closely with Buffett for years and played a key role in expanding the company’s energy and infrastructure businesses.
At the same time, Buffett will continue as Chairman of the Board. This decision aims to maintain stability and preserve Berkshire’s long-standing culture of decentralized management and disciplined capital allocation.
Challenges Ahead
However, challenges remain for the incoming CEO. Berkshire currently holds more than USD 380 billion in cash and Treasury bills. Consequently, investors are closely watching how the company deploys this capital amid high asset valuations.
Despite this, analysts expect Berkshire’s investment philosophy to remain unchanged. Abel has participated in strategic decisions for years and enjoys strong confidence from the board.
End of an Era
Ultimately, Buffett’s exit as CEO marks the end of an era in global investing. His principles of patience, integrity, and long-term thinking reshaped modern investment strategies.
As Berkshire Hathaway enters a new chapter, Warren Buffett’s legacy is expected to guide the company for generations to come.
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