Overview
- Buffett revealed his retirement plans during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, surprising attendees and board members alike.
- Greg Abel, Berkshire's Vice Chairman, has been recommended as the next CEO, with Buffett expressing confidence in Abel's leadership and continuity of the company's values.
- Buffett assured shareholders he will retain all his Berkshire shares, emphasizing his belief in the company's future under Abel's management.
- He warned against the use of trade as a weapon, describing tariffs as potentially destabilizing and likening them to acts of war.
- Buffett reflected on his six decades of leadership, transforming Berkshire from a struggling textile firm into a $1 trillion conglomerate.