Warren Buffett Plans Retirement at Year-End, Greg Abel Expected to Succeed

Warren Buffett, the 94-year-old legendary investor, announced he will retire as CEO of Berkshire Hathaway at the end of the year, naming Greg Abel as his successor. The announcement surprised shareholders and marks the end of Buffett's six-decade leadership, during which he transformed Berkshire Hathaway into a global conglomerate. Buffett pledged to retain all his shares in the company, expressing strong confidence in Abel's leadership and Berkshire's future prospects. While many investors are optimistic about Abel's management abilities, questions remain about his approach to investing the company's substantial capital. Buffett's retirement is seen by some as signaling a generational shift in investment philosophy, with increasing attention on technology and digital assets like Bitcoin, contrasting with Buffett's traditional value-based approach. The transition may catalyze greater institutional interest in crypto and modern financial tools, even as Buffett's principles continue to influence the evolving landscape.