2024-05-07 03:36:13
He has turned 93 years old and lost his faithful partner and companion in business last year, Charlie Mungerthat left from life at the age of 99. But the Warren Buffett still has absolute clarity, making investment choices that are closely watched by traders around the world and firmly holding the helm Berkshire Hathaway.
In addition to being a billionaire investor, Mr “prophet of omaha”, as he is called for his ability to foresee opportunities and dangers, is also human and fully aware of his mortality. This was also evident in the statements he made at the recent general meeting of shareholders – the first in which he was asked to answer questions alone, without Munger by his side.
Buffett, according to a report by CNBC, closed his meeting with shareholders with the following phrase: “I hope you will not only come next year. I hope to be here next year too.”
To Greg Abel from now on the important investment decisions
Nevertheless, he had made sure to reassure investors earlier, assuring that there is a plan for his succession and continuity of the company. He even revealed for the first time that Greg Abel, whom he has already chosen as successor, will now make the most important investment decisions.
At the same time, he explained why Berkshire sold part of its stake in Apple and revealed a failed bet at Paramount.
Berkshire’s chairman and CEO also discussed developments in the fast-moving field of artificial intelligence and praised the work of Federal Reserve Chairman Jerome Powell in steering what he said was the economy on a stable path.