Buffett to step down following six-decade run atop Berkshire

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Warren Buffett, who built Berkshire Hathaway Inc.into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate.

Buffett had the ear of fellow CEOs and some presidents, and was able to draw a crowd of tens of thousands of shareholders to Omaha every year for the annual meeting.

That office had just 27 employees as of last year.“Buffett’s decision to limit his activities to a few kinds and to maximize his attention to them, and to keep doing so for 50 years, was a lollapalooza,” Munger said in an annual letter.“Buffett succeeded for the same reason Roger Federer became good at tennis.

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Article Details

Author / Journalist: Alexandre Rajbhandari & Katherine Chiglinsky | Bloomberg

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: Berkshire’s Operations Buffett Billion Annual Investing Omaha Businesses Billionaire Berkshire Munger

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 10:56:09 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1090 words

Reading Time: 7 minutes read

Sentences: 40 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28396906

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