Warren Buffett announces retirement plans as Greg Abel prepares to lead Berkshire Hathaway into a new era

The Headline

Market Status and Future Leadership Under Abel

He noted that the recent sell-off was not a 'dramatic bear market.'

Warren Buffett

Market value of Berkshire Hathaway

$1.1 trillion

Decline in the stock market this year

20%

Key Facts

Berkshire Hathaway continues to focus on long-term goals, even as shareholders express concerns over Buffett's impending departure and market volatility.
Analysts expect that Greg Abel may adopt a more hands-on approach compared to Buffett in managing the company's diverse subsidiaries.

Background Context

Total cash and T-bills held by Berkshire Hathaway

$348 billion

Comparison of Berkshire Hathaway's annualized shareholder return to S&P 500

100%

Key Facts

Warren Buffett, the legendary investor of Berkshire Hathaway, announced his intention to step down at the end of the year, with Greg Abel recommended to succeed him.1
Greg Abel, currently serving as chairman and CEO of Berkshire Hathaway Energy, will officially take over as CEO in 2026.1
Buffett has stated that Greg Abel was the chosen successor, asserting that if anything were to happen to him, Abel would take over immediately.1
Despite the ongoing uncertainty in the market, many feel that Abel is well-suited for Berkshire's leadership.
Charlie Munger, former vice-chairman, praised Abel's skills in leadership and execution during an interview earlier this year.1