Warren Buffett Retires; Greg Abel Takes Over at Berkshire Hathaway
Warren Buffett officially retired as CEO of Berkshire Hathaway on December 31, 2025, after over 50 years of leadership, handing the reins to his longtime protégé, Greg Abel. Buffett will remain as chairman of the board, but Abel now oversees daily operations and the investment portfolio, which includes managing core holdings that have traditionally been viewed as long-term investments.
Notably, in Abel’s first letter as CEO, Bank of America was absent from the list of “indefinite” holdings, suggesting a potential re-evaluation of the stock. Buffett had reduced Berkshire’s stake in Bank of America by nearly 516 million shares—approximately 50%—over the preceding 18 months, signaling a shift in investment strategy as the valuation of Bank of America has risen to a premium over book value, straying from Buffett’s value-oriented principles.
As of now, Berkshire’s investment in Bank of America, which was once the company’s second-largest holding after Apple, is under scrutiny, reflecting Abel’s potential divergence from Buffett’s long-standing preferences and an ongoing assessment of company value in a shifting market environment.
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