The major financial news yesterday was that Warren Buffett announced his retirement as chief executive of Berkshire Hathaway. At the age of 94 that is not altogether surprising. Greg Abel is taking over as CEO.
I don’t personally hold the Berkshire Hathaway shares but shareholders will have been very pleased with Warrens stewardship of the business which has a remarkable performance track record over 60 years. There are several books documenting his investment style but he has always demonstrated humility and often admits his mistakes.
He has given out lots of wisdom in his witty remarks on the investment world, such as ““Risk comes from not knowing what you’re doing” – as opposed to measuring investment risk via share price volatility.
Warren Buffett will be sadly missed as an example of how to invest in companies and in the stock market.
Roger Lawson (Twitter: https://x.com/RogerWLawson )
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