Warren Buffett stuns audience as he steps down from Berkshire Hathaway...

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Persia

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Warren Buffett stuns audience as he steps down from Berkshire Hathaway... and reveals successor


www.bbc.com

Warren Buffett, 94, stepping down as Berkshire Hathaway CEO

The veteran investor known as the Sage of Omaha told his company's annual meeting that he would hand over the reins to Vice-Chairman Greg Abel.
www.bbc.com www.bbc.com

Interesting to see how this plays out opening on Monday. Well slated and baked in at this stage
 
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I predict a steep fall In Berkshire Hathaway share price Monday morning followed swiftly by every one pilling in looking to buy the same stock at a slightly reduced price.

Kinda like the post tariff panic sell off quickly followed by the greedy buy back seen this past month. I suppose we should blame Trump for that as well.
 
CharlieMac said:
I predict a steep fall In Berkshire Hathaway share price Monday
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If there was going to be any impact on the share price on foot of this news we'd see it already in after hours quotes/trading.

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CharlieMac said:
I predict a steep fall In Berkshire Hathaway share price Monday morning followed swiftly by every one pilling in looking to buy the same stock at a slightly reduced price.
Click to expand...
Given he's in his 90s, the successor question has been baked into the share price, who knows though but I'd be surprised if any big falls

As alluded to, after hours tells a story.

If I was him I'd have been gone decades ago, shacked up in a carriebean mansion with a clatter of page 3 "stunnas"

* thanks to moderators for fixing link.
 
He took a swipe at trump about tariffs which is unusual for him given he prefers to stay out of politics. Maybe buffets traditional concentration on US stocks and trump messing with us bond markets which buffet has a very large exposure to has made him finally call it a day.
His successor will need to move alot of that cash into international investments which buffet didn't have much apptitude for, to paraphrase himself he has been sitting on his hands sucking his thumb for a long time now. Maybe trump messing with treasury market has made him call it a day
 
joe sod said:
His successor will need to move alot of that cash into international investments which buffet didn't have much apptitude for,
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Seems he was correct to exit equities and go to cash, Trump shouldn't have surprised anyone with his tarrifs....he's been banging on about tarrifs for a long time.
 
But didn't Buffet start selling about a year ago? I don't think it was only tariffs he was concerned about but a run away market totally over valued and a sense that a big correction is due.

The level the Dow is at now, that would have been an all time high for the Dow only 6 months ago. What's happened since then was a run away market post Trumps election, no one complained about that even though it was built on nothing but speculation and greed. This was followed by a wobble with his tariff shenanigans which didn't please anyone not surprisingly. We now seem to be reverting to business as usual with markets storming back despite 10% tariffs in-place for all countries and much higher for China...
 
Buffet has always been focused on US markets,
Persia said:
Seems he was correct to exit equities and go to cash, Trump shouldn't have surprised anyone with his tarrifs....he's been banging on about tarrifs for a long time.
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But he wasn't in cash he was in us treasuries, short term treasuries yes but still exposed to trump, he couldn't just stay in cash because of the rampant inflation since covid, but he didn't know what to do with all the money because he wasn't buying US stocks, but he wasn't buying internationally either. He is now an old guy that didn't know how to navigate this new world.
That's why he went political, it was 7.5 billion people against the 300 million in US and saying trump cannot win with tariffs. But buffet doesn't know what to do either that's why he is bailing out.
Buffet a decade ago was just buying back berkshire stock when it was then trading at a discount, now it is trading at 1.7 times it's book value, I think he doesn't want to be in charge when it goes back to discount again so is handing on the baton
 
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