economy

January 2, 2026

Berkshire Hathaway shares dip as Warren Buffett exits and Greg Abel era begins

Investors digested the formal end of Warren Buffett's six-decade tenure as chief executive and the start of a new era under successor Greg Abel.

Berkshire Hathaway shares dip as Warren Buffett exits and Greg Abel era begins

TL;DR

  • Berkshire Hathaway shares fell on the first day of Greg Abel's tenure as CEO.
  • Warren Buffett officially handed over the CEO role after a 60-year tenure.
  • Buffett remains chairman and expressed high confidence in Abel's financial management skills.
  • Berkshire Hathaway ended 2025 with a 10.9% gain, marking its 10th straight year of positive returns.
  • The company holds a record $381.6 billion in cash as of September.
  • Buffett's tenure saw Berkshire deliver a compounded annual gain of 19.9% from 1964 through 2024.

Continue reading the original article