Overview
- Warren Buffett plans to retire as Berkshire Hathaway’s chief executive at year-end and will remain as chairman.
- Buffett’s exit ends a 55-year run leading the conglomerate, a tenure that defined its buy-and-hold, value-focused approach.
- Greg Abel, previously vice chair overseeing non-insurance operations, was hand-picked by Buffett to succeed him.
- Recent stakes in Alphabet and Amazon signal selective openness to steadier technology names that could expand under Abel.
- Analysts expect less emphasis on public stock picks and more focus on private businesses, which already include BNSF, Geico, Duracell, Shaw, and Pilot Travel Centers.