
Investors worldwide were concerned about how Warren Buffett's departure from Berkshire Hathaway's helm would affect the company's growth trajectory. After six decades leading Berkshire to become one of the most valuable companies in the world, Buffett handed the baton to Greg Abel, casting a shadow over investor sentiment amid concerns about how the company would perform without his leadership.
Berkshire's 'reputation premium', the extra valuation investors have historically assigned due to Buffett's leadership and capital-allocation track record, could wane, analysts had warned earlier.