economy
January 2, 2026
Buffett says Berkshire has the best odds of any company for lasting 100 more years as he hands over reins
Berkshire has "a better chance I think of being here 100 years from now than any company I can think of," Buffett said.
TL;DR
- Warren Buffett has officially handed over the CEO reins of Berkshire Hathaway to Greg Abel.
- Buffett expressed strong confidence in Abel, stating he is the best person to lead the company and manage its assets.
- Buffett believes Berkshire Hathaway is better positioned than any other company to endure for the long term.
- Berkshire Hathaway has transformed from a textile mill into a trillion-dollar conglomerate with diverse businesses and a significant cash reserve.
- Buffett will remain as chairman but will not take the stage at the annual shareholder meeting this year, signaling a quieter public role.
- Abel is described as a sensible leader who lives a normal life away from the spotlight.
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