Warren Buffett, at the age of 94, has stepped down as Berkshire Hathaway CEO, marking a significant transition for the company known for delivering over a 5,000,000% return to investors during his tenure. This move has led to a decline in Berkshire’s stock price, prompting discussions on the future direction of the company. As Buffett exits the role, attention turns to his successor and the strategies that will guide Berkshire Hathaway moving forward. Investors are evaluating whether to hold, buy, or sell their shares amidst this leadership change. Despite Buffett’s departure, gratitude for his leadership in Omaha is coupled with concerns about the company’s future performance under new management.
— new from Barron’s