Warren Buffett Steps Down as CEO of Berkshire Hathaway
Warren Buffett, the legendary CEO of Berkshire Hathaway, transitioned leadership to Greg Abel at the end of 2025, concluding a 60-year tenure that saw the company grow into a trillion-dollar conglomerate. Under Buffett’s guidance, Berkshire achieved a compound annual return of 19.7% from 1965 to 2025, significantly outpacing the S&P 500’s average annual return of 10.5% during the same period, turning a $1,000 investment into $48.5 million.
In his final years, Buffett authorized $77.8 billion in stock buybacks from 2018 to 2024, although he did not authorize any buybacks in 2025. In early 2026, Abel initiated a new $235 million buyback program as Berkshire entered the year with over $360 billion in cash reserves, suggesting a continuation of Buffett’s shareholder-focused strategy.
Berkshire Hathaway has maintained a strong position in the market, with its substantial cash reserves and significant investments in major companies, including Apple, which comprised half of its stock portfolio by early 2024.
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