Warren Buffett is a legend of investment. His Berkshire Hathaway ((Brk.A) and ((bk.b) In terms of market value, it is one of the 10 most valuable companies in the United States.
On Friday, just after Tesla ((TSLA) May has jumped 19.8% so far.
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Berkshire Hathaway grew by more than 13% in 2025, surpassing the so-called seven stocks. (Tesla is still down 13% over the course of the year.)
Buffett announced at this year's annual meeting that he will retire for more than 60 years on December 31.
Vice Chairman Greg Abel will take over as CEO. Buffett picked his successor.
Related: Warren Buffett
Omaha World-Herald said in his story Sunday that Oracle, often known as Omaha, will sit with other directors in the audience of Berkshire's 2026 annual meeting. Abel, 62, will host a full-day event.
Susan Buffett, daughter of Berkshire director Buffett, revealed. Susan Buffett told the Omaha newspaper that her father thought Abel had her own stage for her.
The annual conference became a legend, often known as the Woodstock of the Investor.
Buffett and Ajit Jain, insurance manager at Abel and Berkshire, will patiently answer hours of questions. Buffett expressed his talent in folklore at the conference, but at this point he showed his talent.
At the 2025 annual meeting on May 3, Buffett surprised Berkshire investors at the end of the Q&A session, when he announced that he would resign.
Later, he told the Wall Street Journal that he decided to retire because he felt he was slowing down.
"Buffett observed how much energy his appointed successor brought to each working day. How his days have slowed down," journalist Karen Langley wrote last week.
"These two people operate at different speeds - more and more," Langley wrote.
"There are no magical moments," Buffett, 94, said in a telephone interview with Langley. "How do you know the day you get older?"
But there are signs, Buffett told Langley. He began to lose balance. It's hard for him to remember his name sometimes. Suddenly, the newspaper he was reading looked like it was printed in ink that was too small.
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Buffett's decision to resign actually hurts Berkshire Hathaway's stock. They have dropped nearly 5% since May 2, the day before the company’s annual meeting.
Whether we are talking about Berkshire Hathaway’s Class A shares, which closed at $770,660 on Friday or B shares at $514.31.
This happens sometimes when a respectful CEO like Buffett takes aside. This decision alone can create uncertainty among investors.
More Warren Buffett:
Buffett was only 34 when he took over Berkshire-Hathaway, then a struggling New England textile manufacturer. He took the company out of textiles and began to build one of the largest conglomerates in the United States.
Berkshire now owns electric power companies, a huge insurance business, the Santa Fe railway in northern Burlington, as well as manufacturers of everyday products, including Dura Kyle Battery and Benjamin Moore Paint and Dairy Queen Ice Cream Chain.
He has invested well in Berkshire's excess cash, usually well in ((AAPL) and American Express ((AXP) .
During the 2008 financial crisis, he stabilized Wall Street with a $5 billion investment in Goldman Sachs ((GS) The preferred stock. When the crisis eased, Goldman Sachs redeemed its stock. Berkshire's profit: $3.7 billion.
Example: Berkshire's 28% ownership of Occupy Oil ((oxygen) . The stock sells for $43.04 due to low oil prices, 33% higher than its 52-week period.
West Texas Intermediate is the benchmark U.S. crude, nearly 50% from its June 2022 peak.
Barrons estimates Berkshire's cost base in the West is $50.
Western CEO Vicki Hollub said Berkshire's acquisition of her company would be "a dream come true."
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