Only one word - Respect - for this Gentleman.
Mirae Asset S&P500 top 50 ETF - This ETF has 3.52% in Berkshire Hathaway Inc.
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It’s real. After 60 years of leading Berkshire Hathaway, Warren Buffett just announced that he’s stepping down as CEO by the end of 2025.
He didn’t make a big show about it. No dramatic build-up. Just said it casually at the end of the annual shareholder meeting like it was just another update. Classic Warren.
He’s 94, sharp as ever, and still one of the wisest voices in business. Only his kids knew in advance. Even the board heard it live with the rest of us. The arena went silent for a second and then came the standing ovation. Goosebumps.
Greg Abel will be the new CEO. He’s been running all the non-insurance businesses for years, so it’s not a surprise. Howard Buffett will likely step in as non-executive chairman to keep Berkshire’s soul intact. Buffett made it clear that Greg’s in charge, and he trusts him fully.
Also, Warren said he’s not selling a single share. Not one. That says everything. He believes in what he built, even after he’s gone from the corner office.
No panic in the markets. No drama. Just quiet respect. The man who made long-term investing cool… is walking away on his terms.
And damn, it really feels like Sachin retiring from cricket or LeBron from basketball. Warren Buffett is the stock market for so many of us.
So here we are at the end of an era.
If Buffett meant something to you, drop your favorite quote. Or just say what he taught you.
Here’s one of mine:
“Be fearful when others are greedy, and greedy when others are fearful.”
Thanks, Warren.
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