Warren Buffett, Greg Abel
Digest more
Warren Buffett bids farewell as Berkshire CEO, donating $1.3bn and reflecting on legacy, leadership, and lessons from six decades of investing.
Warren Buffett on Monday assured Berkshire Hathaway shareholders they should stick around as he prepares to depart as chief executive, giving a full-throated endorsement to his successor Greg Abel and promising to remain a major shareholder.
The legendary investor, dubbed the Orace of Omaha for his money-spinning stock picks over the years, announced the move in his Thanksgiving message that he says will now become an annual tradition.
He understands many of our businesses and personnel far better than I now do,” the Berkshire CEO said in a letter.
As Buffett prepares to hand over Berkshire’s reins, he’s fast-tracking his mission to give away nearly all of his $147 billion fortune.