||Greg Abel Named Successor at Berkshire Hathaway||
- Warren Buffett, 94, announced he will step down as CEO of Berkshire Hathaway at the end of 2025, concluding a 60-year tenure.
- Greg Abel, vice chairman overseeing non-insurance operations, has been named his successor.
- Buffett transformed Berkshire from a struggling textile firm into a $1.16 trillion conglomerate, emphasizing value investing and long-term growth.
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Why this matters: The leadership transition marks the end of an era and raises questions about Berkshire’s future strategy and performance under new management. Greg Abel has an amazing track record. For sure he is getting up to the mark. Best wishes to him!
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