Good morning. After six decades at the helm of Berkshire Hathaway, legendary investor Warren Buffett will end his tenure as CEO at the end of this year, with vice chairman Greg Abel officially taking over as chief executive at the start of 2026. Buffett will remain as chair of Berkshire, the company announced on Monday, so he’ll still have a say in how the company is run.
When Abel assumes the role, he will not lack resources: The 94-year-old Buffett’s fabled firm is currently sitting on a record $347.7 billion in cash and short-term investments, up from $334.2 billion at the end of last year.
