Episode Details

Warren Buffett has stepped down as CEO at Berkshire Hathaway after a six-decade run. Warren will remain Chairman, but he has turned over all day-to-day operations to Greg Abel. There will never be another Warren Buffett. The return generated by Berkshire from 1964 to 2024 was nothing short of insane. During this period the compound annual gain was 19.9%, nearly double the S&P 500’s return of 10.4%, this resulted in an overall return of more than 5.5 million percent! In the mid-1960s Berkshire shares traded around $19 by the end of 2025, a single class A share was worth over $750,000! Warren believes that Berkshire is being left in great hands and can last another 100 years. One of the biggest questions for the new CEO is how he will invest the massive $358 billion cash pile on Berkshire’s balance sheet. This episode reviewed three articles from The Wall Street Journal (subscription required).