The "Oracle of Omaha" to retire

[kork13]

This doesn't necessarily affect most people .... but with his legendary status as a master of skillful investment (not to mention the reach of Berkshire Hathaway's portfolio), it's noteworthy that Warren Buffet has announced his upcoming retirement as its CEO but the end of this year. He's 94y/o with~60 years running the company, and has been training up his successor (Greg Abel) for most of the last decade. Yet to be seen of course how the management of the company & its impressive investment strategy will change ... I've got a few shares of the BRK stock, though with all of its subsidiary companies, it's almost as like having a mutual fund.

Anyway, article covering his announcement at the ongoing annual shareholder's conference (itself quite the blowout) is linked below:

https://apnews.com/article/warren-buffett-berkshire-hathaway-shareholders-annual-meeting-a421061233f99859673fb131ce020d4d

[LivingAlmostLarge]

Good for him. Working until he might be too tight.

[ua_guy]

Working until 94 is something in which I have ZERO interest, but, my hat's off to Mr. Buffett. He clearly enjoyed what he did, and the money followed in spades. Serious money. Will be interesting to watch the future of his companies...I'm sure his successor is more than capable.

[disneysteve]

I'm sure his successor is more than capable.

Yes, but you can't replace the man. Buffet's knowledge and wisdom can't just be taught to someone else. If it could, his story wouldn't be so incredibly unique.

I don't own Berkshire, at least not directly, but I suspect the next 50 years won't be as lucrative as the past 50.

[Tabs]

He’s had a tremendous career, and what I consider as a net positive impact on our overall economy. I hope that he rests easy and enjoys his retirement.