Warren Buffett, at 94 years old, has officially requested Berkshire Hathaway’s board to appoint a successor as CEO by the end of 2025. This transition has been anticipated for years as Buffett has been preparing a capable leadership team to steer the diversified company into the future.
Buffett has indicated a potential strategy to increase Berkshire’s investments in key stocks such as Occidental Petroleum, where Berkshire recently acquired 760,000 more shares, and Amazon, where it currently holds $2.1 billion worth of shares. Berkshire has been gradually increasing its stake in Amazon since 2019, recognizing the company’s competitive advantages in e-commerce and cloud computing.
Additionally, Berkshire’s portfolio includes Chubb, an insurance company known for its consistent underwriting profits, boasting a combined ratio as low as 86%. This positions Chubb as a solid investment for Buffett, reflecting his expertise in the insurance sector.
