Warren Buffett is retiring after six decades of leadership at Berkshire Hathaway, passing the torch to Greg Abel by the year's end. Under his tenure, Berkshire's valuation reached $1.16 trillion. Despite volatile markets, Berkshire's stock has risen by 19% while the S&P has declined. Buffett urges calm, emphasizing that recent events are not dramatic and that emotions are investors' enemies. Berkshire currently holds $347 billion in cash, surpassing major tech companies.
50 sec
2025