Warren Buffett Steps Down: A New Chapter for Berkshire Hathaway

The source announces that Warren Buffett is stepping down as CEO of Berkshire Hathaway after 60 years, with Greg Abel taking over in January 2026. It highlights Buffett's transformative leadership in building the company and his significant philanthropic efforts. The text also introduces Abel's background and anticipated approach, noting a slight stock market reaction and positive feedback from business leaders. Despite the leadership change, Buffett will remain as Chairman, and his legacy and investment philosophy are expected to endure. The article concludes by discussing future possibilities for Berkshire under Abel, including managing its large cash reserves.