The American billionaire Warren Buffett (94 years old) announced his resignation from the position of CEO of his company "Berkshire Hathaway" at the end of this year, thus beginning a smooth transition to his deputy Greg Abel, who has long been considered the natural heir to the investment empire that Buffett established more than sixty years ago.
Although the announcement was not entirely surprising given Buffett's age and advancing years, many felt shocked, especially since Buffett's "aura" in the markets has always lent Berkshire a kind of special halo.
Many shareholders expressed their confidence in Greg Abel, who has served as vice president for years and has overseen most of Berkshire's non-insurance companies since 2018, but they acknowledged that Abel does not possess the charisma or legendary presence that Buffett has, which may reflect on market confidence.
Investing in Berkshire remains for many investors a bet on values of discipline, operational independence, and long-term vision, but without the legendary personality that embodied these values for decades, the coming phase will test the company's ability to continue being a symbol of smart investing in a world where changes are accelerating.
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