Warren Buffett has revealed that he stepped down as CEO of Berkshire Hathaway after acknowledging the effects of his age. In an exclusive interview, Buffett explained that he made the decision after recognizing his limitations. Despite stepping aside, Buffett emphasized his willingness to remain involved, particularly in times of market instability. Berkshire Hathaway now transitions under the leadership of Greg Abel, who inherits a $350 billion cash stockpile. Speculations abound regarding Abel’s strategies for utilizing this vast resource. At 94, Buffett remains optimistic about his continued usefulness in guiding the company during critical periods.
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