Buffett life of best and worst investments at Berkshire
Warren Buffett, 94, said he plans to step down as Berkshire Hathaway chief executive at year end, revealing a climax to a career that turned a textile mill into a vast conglomerate. Investments highlighted include National Indemnity and National Fire & Marine, Amer ican Express, Coca Cola, Bank of America, Apple, BYD, Lee's Candy, Berkshire Hathaway Energy, Dexter Shoe, and missed bets such as Amazon, Google, Microsoft, Walmart, and bank stocks. The piece notes Berkshire's insurance float, the rise of Geico and Pacificorp, and the enduring impact of his and Munger’s deals on the conglomerate’s growth.
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Warren Buffett
Berkshire Hathaway
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Berkshire
Geico
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American Express
Coca-Cola Co
Bank of America
Apple
Buffett Long
BYD
Charlie Munger
Wang Chanfu
Munger
Lee’s
Amazon
Google
Microsoft
Walmart
Greg Abel Emerges as Buffett Successor at Berkshire Hathaway
The Berkshire Hathaway annual meeting revealed Greg Abel, a 62-year-old Canadian executive, will become CEO by year end 2025. Abel has run Berkshire units including BNSF, Lee's Candies, and Dairy Queen, and is praised for business acumen and culture preservation.
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Munger
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Berkshire Hathaway Energy
Buffett signals step down as Berkshire chief after 60 years
Warren Buffett declares he will not sell Berkshire Hathaway shares and plans to step back, handing leadership to Greg Abel. The audience at the annual meeting gives a standing ovation as Buffett notes Berkshire’s long outperformance, while Abel takes over core insurance and capital allocation roles.
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Ajit Jain
Omar Malik
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London
Buffett
Warren
Malik
Cole Smead
Smead Capital Management
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